You probably won't need to have a survey done very often, but there are certain times when a land survey is a good idea or even required. There are different types of surveys, so you'll need the right one for the circumstances. Here's a look at some reasons you may need a survey and the type of land survey you need.
A Boundary Survey When You're Building Something
If you plan to put a fence up for the first time or put in an inground pool or shed, you'll want to have a boundary survey done. This eliminates the risk of conflict with a neighbor who might think you're encroaching on their property. A boundary survey proves where your property lines are so you don't make the mistake of spending a lot of money putting up a fence or shed in the wrong place and then have to take it down later.
An Alta Survey For When You're Buying Property
When you're buying a house, you may not need a full ALTA survey, but in some cases, you may want one anyway when you want as much information about the land and property as you can get. If you're buying commercial property, an ALTA survey is usually necessary. This survey is more involved than a simple boundary survey, although boundary lines are located and marked. An ALTA survey can show where buildings are located on the property in addition to wells and a septic tank. The surveyor researches the property to find information on easements, water rights, mineral rights, road access, encroachments, past boundary disputes, zoning classification, and flood zone. A commercial mortgage lender may require an ALTA survey as a condition of obtaining a loan.
A Flood Zone Survey For An Elevation Certificate
If you're buying a home in a location where flooding is possible, your mortgage lender may require an elevation certificate before you can get a mortgage. An elevation certificate is used to determine if you need to buy flood insurance to obtain the mortgage and how much you have to pay. The elevation of your home is determined by a survey that measures the land and compares it to FEMA flood zones. If your home is above the expected flood zone, you may not need to buy flood insurance. If your house is below the base flood elevation then the insurance company uses the survey results to determine your flood insurance premiums.
Land surveying is a mix of taking physical measurements of a piece of property and doing research in public records. If there's ever a question about the land you're planning to buy or where your property lines and setback areas are when you're planning to build, it's better to get a land survey than be sorry later that you didn't. Visit http://www.communitysciences.com to learn more.Share