Learn what a property survey isplus what it costsand why you might need one, according to the pros.
A property survey is an invaluable tool for homeowners.
What Is a Property Survey?
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Land Survey:Perhaps the most common pop in of survey is called a land survey, Lindsey says.
You might hear these types of surveys also referred to as architectural surveys.
Architectural Survey:An architectural survey has a lot more information than a property survey.
It might tell you that your lot is 25 feet wide and 100 feet deep, Colberg says.
Mortgage Survey:A mortgage survey shows theproperty linesbased on the property that will be mortgaged.
Check with your local office to see if the record is available and recent.
The company that conducted the survey might also have a copy on hand.
Sometimes a survey is attached to a deed or mortgage record, Lindsey says.
You might need to have a new one done.
A mortgage survey may be ordered at the discretion of a lender for financing purposes, Lindsey says.
A floodplain survey might be needed after a period of time due to climate changes.
In some areas, property surveys arent required, but most experts agree theyre great to have on hand.
Instead, you have to find a professional to do the job.
Try starting with a land surveying company or civil engineering firm.
Redfin principal agentHal Bennettestimates that specific property survey costs are about 50 to 70 centsper square foot.
From there, they analyze the data to determine the exact measurements to help them create a report.
Surveys are often necessary formajor landscaping improvementsand theinstallation of pools, fences, anddecks.
Land surveys are not required for thesale of a homein all states.
Check the rules in your local area to see what applies as you sell or buy a home.
Frequently Asked Questions
No, these documents provide different data and are carried out by different professionals.
Choose your surveyor based on their reputation, experience, free quotes, and availability.
Its also a good idea to choose someone local who already knows the area well.
