When you buy property, it is important to make a thorough assessment of what exactly you are purchasing. Not only to have peace of mind about what you’re buying, but because the bank and title companies will likely expect it. This is easily done by having an ALTA survey done on the plot of land. Once you fully know what you are buying, it will also be easier to build. Here are more benefits of getting an ALTA survey:
Verify a purchase. When you buy a property, you and your lender will have to make sure that the property is worth the proposed amount and is free of problems. If the survey gives a negative report, you can make decisions accordingly prior to finalizing.
Depicting easement size and location. Having adequate knowledge of easements on the property you acquire is important and an ALTA survey will reveal these details.
Locating improvements and encroachments. An ALTA survey depicts all the buildings and structures existing on a property, every property improvement and any encroachment of other people’s property.
Property access. When you buy a property, knowing the routes to your property is important. A survey will show all roads, alleys, highways, and routes that grant access, impeding structures that restrict access and other necessary easements.
Help identify and locate utilities. Whatever might be the reason for you wanting to buy a property, you will want to know if the property has the utilities you require and this can be done by showing all the utilities on the property and their various locations.
To find out more about ALTA surveys, please contact us at (800) CALVADA or visit www.calvada.com.
Calvada proudly serves Corona and all surrounding areas.