Property surveys are an essential tool in real estate, yet many misconceptions surround them. At Meridian Geomatics LLC, property surveys are one of the most common types of surveys we conduct.
Below, we have uncovered some of the most common myths about property surveys and why they aren’t true:
- Surveys are only necessary for new purchases: Many believe property surveys are only needed for new real estate transactions. However, existing homeowners can benefit from surveys to clarify boundaries, identify encroachments, or resolve disputes.
- All surveys are the same: Not all surveys serve the same purpose. There are many different types, including boundary surveys, topographic surveys, ALTA surveys, and more, all of which are designed for specific needs. Understanding the right type of survey for your situation is critical.
- Surveys are only formalities: Some view surveys as mere formalities. However, they provide critical legal documentation that protects property rights and ensures compliance with local regulations. Neglecting this step can lead to costly disputes later on.
- You don’t need a survey if you have a deed: While a deed outlines property ownership, it doesn’t define exact boundaries. A survey provides the precise measurements necessary to avoid misunderstandings regarding property lines.
Have you heard any misconceptions about property surveys? We’d love to hear from you about what they are. Contact us today to speak with one of our survey professionals.