You have heard about a residential land survey for buyers but don’t know how good or bad it is. What issues can a land survey bring to the limelight? Will the costs of land surveys vary based on locations? A land survey not only shows the size of the property you will own but measure the boundaries. The purpose of the survey is to determine the exact boundaries of land and at the end of it, receive a legal document that entails your ownership rights. 

If you are planning to invest in new home developments Kelowna and Fraser Valley, here is why you need a thorough survey of the land. 

Reasons to Survey the Land before Buying a Home

1. Know the dos and don’ts of building

Whether you are building a new home or heading towards an addition, be sure that you are constructing on your land and not encroaching on the neighbor’s land. It eliminates the chances of financial loss due to rebuilding or teardown.

2. Avoid encroachment issues

Encroachments on your property may turn out to be a big issue down the line. For instance, a neighbor may build a wall or a fence on your property and may cause a big bickering with either party not ready to stoop. Therefore, you need to know where your property is located when investing in Fraser Valley and Kelowna's new developments so that you stay within your line and have legal documents to deal with encroachments. 

3. Protect your investment

A land survey protects your home investment. Wondering how? It reveals the exact size, dimensions, and location of the property and takes into account several other improvements on the property such as the construction of a driveway.  No matter what comes, the land survey ensures that you have legal ownership of the property and no one should interfere with it. 

4. Get your peace of mind 

With a property survey, you will have much-needed peace of mind related to home addition and the construction of a deck or fence. You surely do not want to find out later that your fence is on the neighbor’s land, only to remove it later. 

5. A land survey is essential when selling the property 

Are you keen to divide the property and sell a portion of the land to make a profit? A land survey can reveal whether your plan will come under the scanner of new regulations. Several countries have laws limiting property division, which only a local land inspector will know.  Once the land survey is over, you can hire the best realtor in Kelowna to construct a home you may call your own. 

When to Conduct a Land Survey?

If you plan to buy a property, conduct a land survey to close the deal correctly. Moreover, you will get a grasp of the plot you are buying and stay away from mistakes. For subdivisions within the property, a survey is essential. Emil Anderson Properties is a commercial and residential developer creating new neighborhoods. They also aid in commercial leases in Kelowna and Fraser Valley, so connect with them to invest in the Okanagan Valley. Also, conduct a land survey before you embark on constructing a house. 

Get Finances for the Deal

The mortgage lender financing will require a survey to protect your investment. Most lenders need to ensure that the land and the structures for which you need money are properly documented in writing during the transaction. Besides, they want to ensure that failure to pay the mortgage will not result in boundary or title issues when re-selling the property. 

Essential for Construction 

Whether you have an existing home to which you want to add or need to construct a new house, it is essential to go for a land survey. Get a professional to survey the land on which you are planning construction and understand the zoning restrictions properly. 

Cost of Land Survey

Worried that a land survey for new home developments in Kelowna may cost you an arm and a leg?  Hold your breath. Unless you invest in one of those large-sized properties, the cost is likely to be minimal. Besides, the cost may also vary based on the size of the property and the type of survey you need to complete. For instance, a topographical survey will be more expensive due to the accuracy it entails. But the surveyor you appoint will provide you with the cost based on your land survey requirements. 

Are you yet to hear those horror stories related to overlooking land surveys? Eventually, it may cost you hundreds and indefinite time to sort the issues later. A land survey helps you identify the property lines and things included with the land. Hiring a professional surveyor will help you get accurate measurements and estimates in case you are planning to begin home construction soon. 

Author : Kylie Rogers