Whether you are planning to purchase a specific piece of property or intend to sale a portion of your own, having the land surveyed beforehand is a crucial step in the buying or selling process. Even though not all banks require property buyers to have land surveyed, as a measure to keep buyer costs as low as possible, having the land surveyed can help to ensure that you get what you pay for as a buyer or know what you are offering for sure as a seller. Here are a few of the biggest questions customers tend to have the first time they have land surveyed.
Why should you hire a land surveyor if it is not required?
You may not be required to hire a land surveyor in all situations, but going ahead and having the land surveyed anyway will only benefit you in the long run. As a buyer, you avoid potential future property disputes and will know that the investment you are making is exactly what you assume it to be. It is not uncommon for sellers to avoid having their land surveyed before selling and offer what they think to be their property, only for a buyer to find out later that the property line is in a completely different location. As a seller, you should know the preciseness of the land that you may be dividing, and even if you are selling your whole property, it will be attractive to potential buyers if the land has already been surveyed.
How much does it cost to have your land surveyed?
The final cost of having land surveyed will depend on the size of the property and how accessible it is for accurate measurements. On average, people spend between $354 and $652 to have a property surveyed. Keep in mind that making the work of the surveyor easier by clearing borderlines and the perimeter so the land surveyor can work without obstructions will help keep costs low, as most of these professionals do charge by the hour for their services.
If a property has been surveyed in the past, why survey it again?
Over time, land can geographically shift and change with time, which could completely alter where property lines fall. This one fact is something that many homeowners do not take into account and it can easily lead to frustrations down the road. Therefore, an accurate land survey from many years before may no longer be reliable information. Having an updated survey is always a better choice, whether you are selling or buying property.
For more information, talk to a professional like Burget & Associates Inc.