What are the different types of surveys (e.g. boundary, mortgage)?
There are several types of surveys that may be conducted in connection with real estate transactions, including:
Boundary survey: A boundary survey is a type of survey that is conducted to determine the boundaries of a property. It typically involves the use of specialized equipment, such as GPS or laser technology, to accurately locate the property boundaries and any features that may affect them, such as fences, walls, or other structures.
Mortgage survey: A mortgage survey is a type of survey that is conducted for lenders as part of the mortgage process. It is typically a more basic survey that focuses on the property's physical characteristics and any visible improvements, such as buildings or structures. It is used to confirm the property's condition and value and to help the lender determine the amount of the mortgage.
Topographic survey: A topographic survey is a type of survey that maps the natural and man-made features of a property, including the topography (elevation and slope), vegetation, and any structures or improvements. It is often used to create detailed maps or to plan development projects.
As-built survey: An as-built survey is a type of survey that is conducted after a construction project is completed. It verifies that the construction was completed in accordance with the plans and specifications and documents any deviations from the plans.
ALTA/NSPS land title survey: An ALTA/NSPS land title survey is a type of survey that is conducted for commercial real estate transactions. It is a comprehensive survey that meets specific standards set by the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS). It includes a detailed analysis of the property's boundaries, encumbrances, and other features that may affect the title or value of the property.
The type of survey needed will depend on the specific needs and goals of the parties involved in the real estate transaction. It's a good idea to work with a qualified surveying professional to determine the appropriate type of survey for your needs.