the value of a survey for multi family complexes
DESCRIPTION
Multi Family property survey by SRN. Smith-Roberts National Corp. ( http://www.smith-roberts.com ) is a nationwide ALTA Land Survey coordinator and the originator of the DesignReady Survey® that specializes in coordinating and reviewing Land Title Surveys for Multi-Family Complexes.TRANSCRIPT
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The Value of a Survey for Multi Family Complexes
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• Multi Family or Apartment Communities have many property aspects to consider that would be discovered by an accurate ALTA Survey.
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• The most notable would be the density of the complex. The governing authority for the location will require that buildings meet a certain maximum coverage in a particular zoning classification.
• The density or coverage will vary from city to city, county to county and state by state. The buildable area of a parcel will be a factor of a percentage of the total land area.
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• Land surveyors, upon completion of a survey, will calculate the total area of a parcel and determine the gross square footage of all buildings at ground level.
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• These two numbers along with a PZR Zoning Report® or independent research on the proper zoning code requirements, will give the owner or buyer the necessary information to determine if the complex is in compliance or not.
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Here is a Multi-Family sample survey, which SRN coordinated in April 2011. The survey has the following components
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• Surveyor's Certificate• Legal Description• Land Area• Zoning Information• List of Possible Encroachments• General Survey Notes• Schedule B-2 Exception Notes
• Surveyor's Certificate• Legal Description• Land Area• Zoning Information• List of Possible Encroachments• General Survey Notes• Schedule B-2 Exception Notes
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Schedule B-2 Exception Notes
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• In addition to density, ALTA Surveys provides additional information to assist in the compliance with local zoning codes.
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• Parking counts and signage are both big factors in determining compliance and both will be shown on the survey.
• The best way to analyze this information is to hire a zoning information company.
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The Planning and Zoning Resource Corporation (PZR) offers a comprehensive report that compares the information disclosed from the survey with the requirements set forth in the proper jurisdictional zoning codes. You can find out additional zoning resource information at www.pzr.com.
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www.smith-roberts.com
100 N.E. 5th Street Oklahoma City, Oklahoma 73104
Smith-Roberts
Email: [email protected]
Phone: 405 840-7094 Fax: 405 516-2680 Toll Free: 800 411-2010