Why Should You Get a Survey When Buying a House?

When purchasing a house, it's easy to get caught up in the excitement of finding your dream home. However, one crucial step that should not be overlooked is getting a property survey. A survey provides valuable information about the property's boundaries, features, and potential issues. In this article, we will explore why it is important to get a survey when buying a house, addressing common questions and shedding light on its significance in the closing process.

Is It Worth Getting a Survey on a House? 

Understanding Property Boundaries: 

Getting a survey helps determine the exact boundaries of the property you're purchasing. This knowledge ensures that you know what you're buying and can avoid potential boundary disputes with neighbors in the future.

Identifying Easements and Encroachments:

 A survey reveals any easements or encroachments on the property. Easements are rights granted to others to use a portion of your property, while encroachments are unauthorized structures or trespassing from neighboring properties. Discovering these issues early on allows you to address them before finalizing the purchase.

Why Is a Survey Important in a Closing?

Title Insurance Protection: 

 Lenders often require a survey before approving a mortgage. A survey helps identify any discrepancies or issues that may impact the property's title. By obtaining title insurance, you protect yourself against financial loss due to any unforeseen problems with the property's ownership.

Assessing Property Value: 

A survey can impact the value of the property. It provides valuable information about the land's topography, easements, flood zones, and any restrictions on land use. This knowledge helps buyers make informed decisions and negotiate the appropriate price based on the property's characteristics.

Why Is a Survey Necessary? 

Revealing Potential Property Issues:

A survey brings attention to potential property issues that may not be apparent during a visual inspection. It can uncover boundary disputes, unrecorded easements, encroachments, or zoning violations that could impact your future use of the property.

Future Development Considerations: 

 If you have plans to make changes or additions to the property in the future, a survey becomes even more essential. It helps you understand zoning regulations, setback requirements, and any restrictions that may affect your intended modifications.

What Does a House Survey Tell You? 

Property Boundary Lines and Measurements: 

A house survey provides accurate information about the property's boundary lines, including its exact measurements. This knowledge helps ensure that the property you are purchasing aligns with your expectations. 

Location of Improvements and Structures: 

The survey will indicate the precise location of existing structures, such as buildings, fences, driveways, or utility lines, on the property. This information is crucial for assessing their proximity to property boundaries and compliance with local regulations.

Easements, Restrictions, and Rights-of-Way: 

A survey reveals any easements, rights-of-way, or restrictions that may affect the property. It clarifies the rights and limitations related to the property and helps you understand your responsibilities as the owner.

Getting a survey when buying a house is a vital step in the homebuying process. It provides a comprehensive understanding of the property's boundaries, potential issues, and valuable insights that contribute to a smooth closing and a sound investment. By obtaining a survey, you ensure that you are well-informed about the property and can make informed decisions based on accurate and reliable information.

If you're ready to explore the current housing inventory in your area, visit https://bartonrealty.kw.com/. 

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For additional information about buying, selling, investing, or starting a career in real estate, check out our common FAQs  https://bartonrealty.kw.com/faq.

Remember, obtaining a survey when buying a house is an investment in your peace of mind and a safeguard against potential property disputes or issues in the future. Take the necessary steps to ensure a smooth and informed homebuying process.

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Land Survey Providers In Central Indiana

Stoeppelwerth 

Hahn Survey Group 

Deckard Surveying