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A few different types of land surveys can help determine certain features and boundaries of your property. These include:
Boundary surveys describe the actual borders of a property. These are generally required when trying to get construction permits issued.
Location surveys provide much of the same information as a boundary survey but also include in-depth information about any improvements made to your property.
Mortgage location surveys are usually required by lenders and title companies before financing or offering an insurance policy.
Site-planning surveys are done before applying for building permits and can be issued before any major home improvements.
Topographic surveys provide a formal map of land elevations. It can also describe the location and size of natural features and any land improvements.
ALTA/ACSM surveys are the most comprehensive type of land survey and, as such, tend to be the most expensive. These surveys have standardized guidelines and reports and are used in many kinds of real estate transactions to ensure consistent and accurate information is available for properties.
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.
Before property transactions or major improvements to ensure accuracy.
A land survey provides precise property boundaries, reveals legal encroachments, and identifies rights-of-way, minimizing disputes. Understanding the exact dimensions and features of the property aids in informed decision-making and safeguards the buyer's investment.
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