3 Reasons Why You Need A Land Survey When You Buy Commercial Property

Construction & Contractors Blog

Are you in the market for new commercial property? If so, you'll probably get a full building inspection before you close on the deal. The inspection will identify any outstanding issues or damage that may need to be addressed. That can help you decide whether you want to go through with the deal or possibly ask for concessions during the negotiations. While a traditional inspection is pretty comprehensive, it doesn't cover everything. One thing not included in the inspection is an analysis of the property's boundaries. To get that kind of analysis, you'll need a land survey. While that may cost more money, it could very well be worth the investment. Here are three reasons why you may want to get a survey:

If you're going to expand. If you're like a lot of businesses, you probably plan on using every square inch of your property. Maybe you'll build a new parking lot or loading dock. Perhaps you'll expand the building or build a new facility.

Whatever your plans, you'll need to know exactly how much land you have to work with. This is especially true if the property is bordered by other businesses. If you accidentally pave a portion of your new lot on neighboring property, you could have a costly mistake on your hands. Unfortunately, this can happen when property lines aren't firmly established. A survey can prevent this mistake.

If the area is going through a development boom. Maybe your new property won't have many neighbors in the short-term. That likely won't always be the case, especially if it's a booming area. You may soon have new construction all around you. If and when that happens, you'll want to know your property lines so you can be sure that the new construction isn't crossing into your property.

Also, you may decide you want to parcel out your property to take advantage of any development boom. In that case, you'll definitely need a survey so you can definitively tell buyers the exact dimensions of the parcels.

If you border government or municipal land. Maybe you have a major road or highway running next to your property. Maybe you neighbor a park, water treatment plant, or some other municipal-owned property. If that's the case, you'll want a land survey so you can know exactly where your property ends and municipal property begins. This is important so you know who is responsible for certain repairs and maintenance.

For example, a sewer line problem could be costly. If it's off your property and on municipal property, you'll want them to pay for that. The same is true for downed trees or even regular landscaping costs. Be sure to know your property lines so you don't pay for something that should be the municipality's responsibility.

For more information, contact Gray Surveying & Engineering or a similar company.

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