Survey Says?..
These are the 5 key benefits of having one for an existing home or new purchase:
- Title Issues: Property surveys can uncover potential title issues, such as unresolved disputes or irregularities in the property's legal description. Resolving these matters before a sale can help prevent complications.
- Boundary Disputes: One of the primary reasons for property surveys is to prevent boundary disputes. Without accurate property lines, neighbors may encroach on your land or vice versa, leading to legal disputes and potential costly resolutions.
- Resale Value: Homes with clearly defined property boundaries tend to have a higher resale value. When potential buyers see a recent survey that confirms the property's size and boundaries, it can increase their confidence in the purchase.
- Property Improvements: When planning to build additions or make significant property improvements, a survey is crucial. It helps ensure you don't accidentally encroach on neighboring properties or violate zoning regulations.
- Liability Concerns: A lack of a survey can lead to uncertainty about where your property ends and your neighbor's property begins. This can complicate liability issues in case of accidents or property damage, making it harder to determine who is responsible and potentially leading to disputes.
Michigan does not require a survey in the conveyance or sale of a residential property, so many homeowners do not have them or offer them when they sell.
For projects like putting up a fence or taking down a tree, for clarity and peace of mind, or for any other reason, consider using a professional survey company like Nederveld, Inc. for your property.
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