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The Importance of Boundary Survey

Real Estate is one of the largest investments made by an individual or business. Knowing everything about the property is the first due diligence steps taken by smart investors. This enables them to make informed decisions and avoid surprises later on. The boundary survey holistically determines the legality and integrity of the parcel of land which a property lies upon or is simply the land itself.

It is important that an experienced land surveyor who is licensed to survey in that particular state is chosen.

A boundary survey depicts the exact boundary of what you are buying or selling.A boundary survey shows easements for utilities such as water, sewer, power lines, etc. on the property.A boundary survey identifies any encroachments such as driveways, fences or buildings on the property Boundary surveys can identify possible boundary disputesBoundary surveys can also help when dividing the parcel of land During improvements or expanding existing building structures, a boundary survey can be helpful to ensure that the construction or improvements are done on the correct area of land.

A boundary survey meets the standards of the regulatory industry of an individual state, whereas the ALTA/ACSM is comprehensively recognized across the entire nation. For more information in the difference please read our earlier article titled ALTA Survey vs Boundary Survey

The process of the boundary survey begins with the research and due diligence of municipal, local, county and state documentation records. This pre-survey research may also include history of adjoining lands. These documents may provide clues or gain insights into potential conflict areas where they need to pay attention. The next plan of action incorporates the physical ground survey.

In many cases, large commercial real estate transactions may span several states and include multiple property sites such as corporate mergers and acquisitions. This makes it very difficult for the buyer or lender to complete this process themselves. In such case clients hire Smith Roberts National Corporation to manage and coordinate the entire ALTA Survey process (also known as Land Title Surveys). Please read this article on advantages of Hiring a National ALTA Survey Coordinator for Commercial Real Estate Transactions.