If you are not planning on making any property improvements in the foreseeable future but would still like to know where your lines are, a location drawing may be the option for you. This will most likely save you a considerable amount of money and you’ll still have a good estimation of where your property lies.

The type of survey that we order for closing is called a “Location Survey.” A Location Survey shows the location of the improvements on the property in relation to the apparent boundary lines of the property. It generally involves a physical inspection of the property and is accurate to plus or minus a few feet.

Location survey establishes all corners and property lines of the subject property, to include finding or setting monuments.

Oct 15, 2015 | Surveying Related | 0 comments. The purpose of a boundary survey is to mark and identify where your property corners are located. Simply put, it shows you where your property begins and ends. When a boundary survey is completed by a professional land surveyor, a drawing is generated to show the results.

A land survey is a drawing that shows exactly where the boundaries of a property are. A survey will also lay out the dimensions and location of any buildings or other site improvements on the property.

During a sale, the person who wants the survey is the person who pays for it. There’s no hard and fast rule designating who pays for the property survey in a home sale—it often comes down to who wants one. If the buyer wants it, the buyer pays. If the seller wants it, the seller pays.

If you are buying a small parcel of land in California, New York or Chicago and are planning to build a multi million dollar property on it, you will absolutely need a land survey to ensure the property boundaries are crystal clear as you will be looking to maximise every square inch.

You can have your property surveyed at any time, but you will most likely hire a surveyor when you’re buying a home or constructing something. However, the property survey is not always legally required. Some mortgage companies will be satisfied with title insurance.

Whilst it’s possible to arrange a survey prior to making an offer (if the property owner is in agreement), it’s rarely necessary since any offer to buy or sell a property is not legally binding until signed contracts have been exchanged and the buyer’s deposit is paid (usually around 10% of the purchase price).

Your survey is an existing tract that has a metes and bounds description recorded in the deed at the courthouse. You resurvey the existing tract using found monuments and then describe the tract in your legal description according to your measurements and this accompanies your plat.

The survey details important information that may not impact the value of the home, but provides data that you need to have. The appraisal provides essential data about the value of your home and is required by virtually all traditional lenders.

What does home’s appraised value include? The figure appraises the total value of the home and any other permanent structures, along with the land that the house is built on. This appraisal figure also determines the loan amount you can get to buy the property.

While land surveys are not the same as home appraisals and are not conducted by appraisers, mortgage surveys are requested by the lender to determine that the property matches the information on the deed and other legal documents.

In the simplest of terms, the purpose of a home inspection is to examine the condition of a home. Surveys, on the other hand, are intended to identify property lines of a home.

The main surveying instruments in use around the world are the theodolite, measuring tape, total station, 3D scanners, GPS/GNSS, level and rod. Most instruments screw onto a tripod when in use. Tape measures are often used for measurement of smaller distances.

(Entry 1 of 2) transitive verb. 1a : to examine as to condition, situation, or value : appraise. b : to query (someone) in order to collect data for the analysis of some aspect of a group or area.

survey. An inspection is a general review of the property from the stand point of issuing a policy of Title Insurance.

A mortgage inspection survey is less detailed than a mortgage location survey. Mortgage inspection surveys often simply note which structures are present on the property and where they’re located. A mortgage inspection survey is the type of survey your mortgage lender probably ordered when you purchased your home.

How does an appraiser determine my property’s value? the income approach. Of these three, the sales comparison approach is the most common method used for vacant land. This means that the appraiser will start by looking at recent comparable sales and then make adjustments based on the property’s unique characteristics.

Surveying or land surveying is the technique, profession, art, and science of determining the terrestrial or three-dimensional positions of points and the distances and angles between them. A land surveying professional is called a land surveyor.

When buying a property with a mortgage, most providers will require that you undertake a mortgage survey before lending is approved. The sole aim of this survey is to satisfy the lender that the property you are purchasing has enough value to cover the amount they are lending you.

Should I be worried about a homebuyer’s survey? It’s a natural feeling to be nervous about house surveys, as you want every step of the house buying/selling process to run smoothly. But it’s important to remember there’s no point worrying about something until you know it should be worried about.

A HomeBuyers survey will pick up damp, as it’s a fundamental aspect of an inspection. The damp inspection will be a less detailed check, with the surveyor having a quick look over the walls, floorboards, etc, whilst also using a handheld moisture meter.

Here are some of the more common problems that show up in building surveys:

• Japanese Knotweed. Japanese knotweed is an invasive species that can cause significant damage to houses.
• Subsidence.
• Dry rot.
• Woodworm.
• Damp.
• Asbestos.
• Electrical issues.
• Faulty drainpipes.