A land survey is an essential activity that should be conducted to get the full picture of a piece of land.
What makes it even more important is the fact that it consists of information that can actually decide the development plans for the property, and even lead to figuring out the right price of a piece of property.
So, when it comes to conducting the survey on a property, which party should pay for the same? Let us understand more.
When a Land Survey Might Be Required?
Before coming to who should actually pay for a survey, let us understand when and where a survey might be required.
A land survey is usually preferred by a buyer or a seller. Moreover, it is the right of any developer to gain access to the latest land survey.
It might be required to avoid any disputes in the future. Since a land survey mentions every aspect of a piece of land, it can help shape the new buyer’s plan of development and help them identify the no-construction zones and other features of the property.
Moreover, it also helps in verifying that the property sits well with all the legal obligations that are to be met by the land in the first place. Whether it’s identifying the land bylaws, any right of way, or easements, all of it is usually mentioned in the survey report. Since every square meter is essential, any construction plans, before going into action, should be referred to the latest land survey.
Furthermore, during a real estate transaction, a survey can help in determining the value of a piece of land too. Things like, any special feature of the property, the accurate size, any easements and more can come into play when factoring in the price of the property.
Who Finally Pays for a Land Survey in Calgary?
When it comes to paying for a land survey, there is no legal obligation for either side- the buyer or the seller to pay for a land survey.
The rule for paying for a land survey is quite simple. The liability lies with the party who wants the survey in the first place. A buyer might want to get a survey done to ensure the property is in the right condition and has all the features promised to them.
Similarly, a seller might want to keep the latest land survey handy for their prospective buyers’ reference and to meet all the legal requirements pertaining to their property.
The amount to be paid for the land survey depends on the size of the property, the complexity of the project, and the type of survey that is to be conducted.
Conclusion: Getting A Land Survey in Calgary
Land surveyors in Calgary can help in identifying the right features of a piece of land, which can help in accentuating the value of a piece of land.
However, it is always essential to understand the terms of getting a land survey done, before any real estate transactions.
In order to get the right land survey done in Calgary, getting a professional team of experts on board is always a great idea. Core Geomatics is one such name. The Core Geomatics team has been working in this domain since 2009 and has a team of experts who bring in years of experience to the table.
They are well equipped to conduct real estate and residential surveys and provide accurate results for a better understanding of the buyers and the sellers involved in the real estate transaction. Being affiliated with prestigious organizations such as the Alberta Land Surveyors’ Association (ALSA) is an additional benefit for their clients.
Get in touch with Core Geomatics today to know more.