Buying real estate for construction is a significant investment. It is not enough to find the best plot of land and negotiate an offer. Making a hurried investment on land without conducting a detailed survey could prove expensive later. A land surveyor could highlight issues in the property you wish to invest in; it is wise to hire professionals who could perform a land survey in Melbourne to be assured you have made the best investment.
It is an excellent practice to ask the real estate agent for the property information, legal description, map, tax information. A physical inspection of the entire site would give you an idea of how the property looks and feels. After making the preliminary examination of the site, it is best to hire a good land surveyor; here are four reasons you should never ignore professional land survey services before investing.
Helps to Know the Exact Boundaries of Your Property
A land survey can determine the property’s actual boundary and matches it with the plot of land you wish to buy, thereby eliminating ambiguity. The land survey will evaluate all the features like trees, buildings, fences, sidewalks, and other elements that lie on the land. They will highlight encroachments if any. Relying on old land surveys could be futile as it may not account for the recent changes to the property.
Give You A Clear Idea of The Regulations and Zoning of Land
The land surveyors have detailed information about the building regulations, wetland regulations, and zoning. These details are specifically helpful if you intend to construct on the plot. Often government regulations will prevent construction on wetlands or specific zones. If you want to purchase land to be subdivided later, you need to be sure if the rules would allow you to do the same.
Could Raise Red Flags If Any
A land survey could highlight any potential red flags you should be aware of before deciding to buy a property. The land surveyor would tell if you would execute your plan for which you wish to buy the property. They will also highlight the hurdles so that you can make an informed decision regarding the property
Land Surveyor Will Be Able to Highlight Easements on Your Land If Any
Surveyors study the properties title and find out potential easements allowing parties to cross the property. Such easements are marked on the survey as regulations might not allow you to build over those easements. They supervise the property for any potential easements which have yet not been recorded.
Getting a land survey done is an essential step before investing in any property, big or small. It would cost entire life’s savings for an individual, and for large corporates, it would mean a business decision gone wrong.