When you purchase a piece of property in North Florida, whether it’s a home, timberland, a cattle ranch, a large farm or another type of property you may need a land survey. Here’s what you need to know.
Do You Need a Land Survey When You Buy a Piece of Property in North Florida?
Usually, if you’re financing a land purchase, your lender or title insurance company will most likely require a land survey. Without a land survey, you can’t get title insurance coverage for boundary disputes that a survey would have detailed. Additionally, sometimes towns and townships require surveys with new construction.
But what if you’re not financing the property? Do you still need a land survey?
In most cases, you absolutely need a land survey when you purchase a piece of property in North Florida. That’s because land surveys:
- confirm and mark lot boundaries
- map buildings on the property
- map property improvements
- locate and identify easements and rights of way located on the property or that cross the property
- locate and identify encroachments, such as fences and buildings
Having a land survey gives you the information you need about your property. You can refer back to it if there’s ever a dispute in the future, as well. A complete survey will show you exactly what you own and what you don’t.
Related: What is a land contract?
How Much Does a Land Survey Cost?
Generally, you can expect to spend between $500 and $1,000 on a land survey. However, you may need to pay more, depending on the property’s size.
Related: What is a land loan?
Are You Buying a Home or Land for Sale in Lake City?
If you’re moving to Lake City, we can help you find the perfect place to live. Call us at 386-243-0124 to tell us what you want from your home and we will begin searching right away.
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