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A land survey defines and records the physical aspects of a property, including its boundaries, dimensions, easements, features, and sometimes topographical information. In contrast, a land appraisal determines the property's monetary value. While an appraiser will often consult a land survey to understand the property's physical specifications, the survey itself does not determine the land's value.

If a buyer pays for a survey, the surveyor they hired will only provide results to them. It’s up to the buyer whether they share the survey results with the seller or not, even if they ultimately walk away from the deal. It’s considered good faith to share the results with the seller, though, especially if you back out of the deal, as the seller can then provide that survey to future interested parties.

Land surveys are worth it in several scenarios including selling your home, building an addition, constructing a fence, or making major changes to your landscape. A professional land survey can help you avoid legal issues with your neighbors and confirm the value of your property. In many cases, you may be required to order a land survey to receive a construction permit or mortgage loan.

Land survey reports have a boatload of information relevant to several scenarios. Here are the types of information contained with a survey, though it depends on your chosen type of land survey. Exact boundaries and dimensions of a given property General topography, including both natural and artificial landmarks Location of utility fixtures, like water mains Confirmation of any easements or encroachments on a piece of property Assessment of land elevation to buy flood insurance Updated information to add to a pre-existing property map