There are so many expenses when you buy a home. Some of those things are optional, such as: home inspection, radon test, lead based paint test, well & septic tests, and surveys. So, how do you decide what to do when something is “optional?” Today I want to specifically focus on one, the survey. How do you know if you should get one?
My recommendation is always going to be to get one, period. You are making way too big of an investment to let $200-$500 stop from you from getting all the information you need about your new home. Not convinced? Let me tell you a story…
I recently had a buyer who wisely obtained a survey, and discovered that her property was encroaching on three other properties! Encroaching is the word we use to basically indicate there is a survey issue, and you are over the line. Fortunately, all parties were able to work things out and it was not a big deal. What if she hadn’t discovered this until she decided to sell in a few years, and one of her neighbors did in fact have a problem? It could have cost her a lot of money to correct it, whereas, in this instance the seller had to pay to have the encroachments remedied.
Still not convinced? Here are some instances that are a red flags to do a survey:
- A fence: often homeowners guess as to where the line is when they build them. Going to build one? Get a survey first!
- Other items that may have been added after the house was built: a driveway, a storage building, a play-set, etc.
- How about items not associated with the property you are buying, but the adjoining property? Do they have any of those things? They could be encroaching on the property you are about to purchase.
Again, I will always recommend you get a survey. I’d rather you spend the money now, and have the seller correct any issues, rather than you having to spend a whole lot more down the line to correct an undiscovered issue, because you were saving some money on a survey.
Looking to buy or sell in or around the Charlotte area? Ask for Lara!
Lara Taylor – Realtor/Broker
Twitter – @AskforLara