A detailed property survey is essential to help you find out critical details about a piece of property. Many homebuyers overlook this step or skip it altogether to save some money. But let’s face it, is a survey necessary when buying a home?
Is a Survey Necessary When Buying a Home – Reasons to Have one Done
In this article, we’ll consider whether a survey is necessary when buying a home. we’ll look at some of the benefits of getting a property survey before purchasing property. Something you should not do when buying a house, is skip out on a step that can potentially cost you more money later on.
It’s important to note that the protection and benefits a property survey offers a home buyer far outweigh the cost. As such, property surveys are critical to the home buying process. They provide a detailed description of the property, the lot size and the boundaries. If you’re planning to buy a plot of land or home, a home buying tip is to have property survey done, as it offers a wide range of benefits.
To Ensure You’re Paying for The Right Property
Buying a home is a big financial move, which is why you’ve likely been preparing to buy a house for some time. You want to be sure that the property described in the contract is the same one you’re paying for. A survey helps you to determine whether you’re purchasing the right home. Both the land and property are mapped out and assessed to eliminate any discrepancies.
Eliminate Disputes Over Boundary Lines and Corners
If you own property, it’s important to have accurate information about the boundaries and demarcations. This information is critical, especially before paving your driveway, add an extra room or build a fence. In cases where disputes may arise regarding boundary lines, a survey can help to provide details of the exact property dimensions.
Report on Underground Utilities
Without a detailed property report, you probably won’t have a clue what’s underneath your property. Knowing what cables, wires, drains, telephone lines, gas and electricity are under your property is crucial for various reasons. For instance, you need to know the location of underground utilities before beginning any construction.
Bottom Line
As you start researching and prepare for home ownership, it’s important to make all boxes are checked before the house is officially yours. So, is a survey necessary when buying a house? The short answer is yes. The biggest benefit of a property survey is that it protects your investment. Ask your realtor about how to get a survey done. Without a qualified and extensive examination of your property, you could easily run into disputes and costly issues down the road.
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