Land and property investment is capital intensive. As such, you should always check to make sure that you don't get into the common pitfalls that cost many investors their money and even ruin their dreams of owning property. The first thing that a prospective property owner should do before purchasing a plot or building a house is hiring a competent land surveyor to inspect it. The surveyor will help you avoid losses and delays that happen in the construction process. Here are three of the main benefits that you will get when you hire a competent land surveyor.
Understand the Potential of the Land
Before erecting a building somewhere, it is a good idea to hire a competent land surveyor to work on it. The surveyor checks the condition of the soil, the plant cover, the composition of the soil per layer, and other characteristics that determine how easy it will be to build on a specific site. If they find that the soil could be challenging to work with, they will recommend measures to mitigate the weaknesses and make the land strong enough to handle the structure you have in mind.
Demarcate Boundaries Properly
The other major hiccup that property owners face in the process of constructing and owning property is boundaries. When you build a house on a piece of property whose boundaries are not properly demarcated, you risk having to deal with demolition, especially if you cross the boundary line. The surveyor will check the existing boundaries, take measurements and confirm that you are building within the area that legally belongs to you. This will eliminate conflicts and losses from your construction process.
Assess the Value the Property
The value of a piece of land can only be known when a competent land surveyor assesses it. Through the assessment, the land surveyor will estimate its value and help you to compare it to other properties and set a realistic price. Similarly, they will check if there are easements, encumbrances or other covenants on the property. These are the agreements that negatively affect the resale value of a property, and knowing they are present will help you make an informed decision on whether to purchase or not.
These are three main benefits you can get when you invest in a quality survey before real estate property purchase or development. As long as you have a competent real estate developer, you are assured of a comprehensive report to help you invest wisely. Reach out to a professional who provides land surveying services to learn more.