A property survey identifies the boundaries, structures, and certain features of a property. It may be used in real estate transactions to help confirm what is being bought, sold, or financed.
What a property survey may show
- Property boundaries
- Lot dimensions
- Structures and improvements
- Easements
- Encroachments
- Fences
- Driveways
- Rights of way
- Setback lines
Why surveys matter
A survey can help identify issues that may affect property ownership, use, or future improvements. It may also help lenders, title companies, buyers, and homeowners better understand the property.
When a survey may be needed
- Buying a home
- Refinancing in certain cases
- Building an addition
- Installing a fence
- Resolving a boundary question
- Reviewing title or easement concerns
Buying a home and learning about the process?
Survey requirements vary
Not every transaction requires a new survey. Requirements can vary by state, lender, title company, property type, and transaction details.
