Before buying a house, you often hear other people suggesting that you obtain the services of surveyor for sub division. Availing of property surveying can help home and other property buyers avoid future problems like boundary disputes and missing property corner. To put it simply, land surveying should be considered before you make the most important financial decision of your life – buying a house.
To understand its importance, here are some things that you should know about property surveying:
What is a property survey?
One of the things that you should consider before buying a house is property surveying but this will depend on your mortgage company. For other mortgage companies, they will hire a surveyor to ensure that the property is worth the amount of money they are investing in the loan.
Property surveying is the process of defining, validating and plotting the boundary lines of any structures within a particular property. Surveyors will take into account the features of the deed like the fence, street, and building locations. Basically, they will ensure that all the details in the deed are accurate.
When to get a property survey?
It was mentioned that you should get a property survey before buying a house. For mortgage companies, they need it before financing the house. Property survey should also be considered before a construction project.
How much does it cost?
To determine the cost, you need to find a local property surveyor first. You need to get a free estimate so you can compare it. You have to know that when it comes to the cost, there are many factors that should be considered. Factors include the type you require, type of terrain and the availability of records.
Once they are done, they will map. However, not all surveys necessitate a map. The cost will be reduced if you just consider flagging the property lines and marking your corners. This means that the cost varies if you need a map once it is done.
How to reduce the cost of property surveying?
To reduce the cost of property surveying, you can do your own research and simply provide the surveyor with your deed. You can also reduce the cost by clearing your obstructed property. Surveyors usually work on an hourly basis and it will significantly reduce the cost of surveying if you make it easy for them to their job.
What should you look for in a surveyor?
There are many surveyors but you have to ensure that the surveyor you chose is insured and licensed. If there is a mistake, you have peace of mind knowing that you are covered. Look for a competent surveyor that has been in the business for a long time. There are many property owners that go for the cheaper guy but in truth, they end up paying more. More importantly, get a surveyor that meets your legal requirements and needs.
Always keep in mind that land surveys are crucial for homebuyers. It should not be understated. It is important to know if there are issues that should be disclosed before you actually buy a home.