3 Key Instances When You Will Need Professional Land Survey Services
One of the best personal and financial decisions you can make is to invest in real estate property. The great thing about investing in real estate is that most of the time, land increases in value. However, you have to carry out your due diligence because investing in real estate is quite capital-intensive. If you make mistakes in the purchase process, you might end up with land that won't serve your intended purpose. One of the best ways to avoid these mistakes and loopholes is by investing in land survey services. Here are three instances where you will find it crucial to get land surveying services.
When You Need to Establish Property Boundaries
One of the instances where you will find it great to invest in surveying services is when you need to establish property boundaries. Most people imagine they understand their boundaries because they found a fence around a lot when they bought it. However, you might find that the demarcation line differs a little. You should get a proper boundary line report when installing a new fence, building a house, or extending the existing infrastructure. The report will help you avoid encroaching onto neighbouring property, which could create conflict. It also informs you when someone has crossed over onto your property.
When You Need to Locate Easements
Sometimes, you buy a lot thinking that you have complete freedom to use it as you want. Then, you discover that the land has easements and other covenants that govern its use. For example, if two lots neighbour one another, and there is no access road to the second one, your lot might have an easement to allow the other person to access their property. It is essential to have this information before purchasing the land so you can decide whether you want to buy it or not.
When Getting the Title Insurance
One of the best ways to protect yourself from losses when investing in real estate is title insurance. This kind of insurance shields you from losses incurred when you have a defective title. However, you can only get the insurance when you have surveyed the lot you want to buy and ascertained that it represents what the contract says. A surveyor will give you a report that your insurer will use to determine your eligibility.
These are three instances where you will need land surveyors. It is advisable to invest in their professional services before handling any real estate transactions. They will help you avoid losses.