If you are thinking about buying or selling a property, you are likely wondering whether a land survey is necessary. It is undoubtedly tempting to bypass the land survey to save money, yet it presents quite a considerable risk. A professional land survey should preface nearly every single land transaction. Here’s why:
Land Surveys Provide Precise Boundaries Every Property Buyer and Owner Should Know
The sad truth is the majority of current property owners do not know the boundaries of their property. Many such property owners rely on faulty anecdotal evidence for property boundaries. Land surveys might add another step into your project planning, but they are worth the money and time.
Some property owners base their assumptions on information passed on from parents, prior property owners and/or real estate agents. However, there is no guarantee this information is accurate. You need a professional land survey to determine the exact property lines. Every individual bidding on a property and those selling a property should know precisely where its boundaries are. Our professional land surveyors are here to provide this critical information.
A Guideline for Fencing
Plenty of people who buy property intend to add fencing between their property and neighboring land. However, the fencing’s exact positioning is often estimated without concrete evidence of the property’s actual boundaries. It is not enough to simply guesstimate property lines based on where the neighbor stops mowing. You need to know exactly where your property begins and ends to erect barriers appropriately.
Identify the Space for New Construction
If there is confusion about the boundaries of the property, it will be difficult to properly build new structures in exactly the right areas. In some cases, these structures extend beyond the property line. The money you spend for a professional land survey pales in comparison to the cost of moving a building or tearing it down and building it within the actual boundaries of your property.
Understand Exactly What You are Buying
You should know exactly where the property in question extends to, whether a corner is missing, if the neighbor’s fence is on the land and so on. In short, a land survey is a means of protecting this important real estate investment.
Once you know exactly how much land is up for sale, you will be able to enter a truly informed bid that reflects the value of the actual land. Otherwise, you may bid blindly, uncertain of the property’s exact boundaries. It is quite possible misinformation provided about the land’s size will end up costing you thousands or even tens of thousands of dollars. Pay the comparably minor cost of a professional land survey and you will know how far the property in question actually extends. Armed with this valuable information, you can bid on the property in full confidence.
Godfrey Hoffman Hodge LLC is at Your Service
We are proud to provide surveying and engineering services for those located in Connecticut. If you are thinking about buying or selling property, it is imperative that you have it surveyed. Reach out to our main line at 203-239-4217 or our Farmington line at 860-673-0444 to find out more about our land surveying services. If you prefer to contact us online, fill out our contact form and we will be in touch.
