If you are buying a home, you are no doubt aware that the expenses add up; down payments, inspection fees and closing costs can put quite the dent in a homebuyer’s wallet. In an effort to reduce these costs, many homebuyers decide against obtaining a property survey. However, this decision can be costly.
A survey is the only tool that shows a homebuyer what they are really buying in terms of the land. A survey will show a homebuyer where the property lines are and what easements may be tied to the land. For example, there may be water main lines running under the backyard that the water company is entitled to access if a need arises, or there may be easements for the neighborhood association to access a lot for a pathway. A property survey is a document, similar to a map that shows the legal boundaries of the property, the building setback lines and encroachments. The building setback lines tell the homebuyer what part of the land the homebuyer could use for an addition, a pool or a fence.
To learn more about the importance of a survey or for assistance in the purchase of a new property, please contact Cheryl Hastings at email@example.com or call her at 239-514-1000.