Buying a commercial property is a large investment and a huge step that brings along with it lots of red tape. Most lending companies, for example, require a commercial survey of the land or building you’re buying to complete the title insurance transaction. You might think of this as one more hurdle to jump over, but there are actually several benefits to having a commercial survey done before you sign on the dotted line and take ownership of your business property.
As you prepare to begin working with a land surveyor in Seguin, TX, take a few moments to read about why this survey should mean more to you than simply checking off a box:
- An updated, accurate picture: As technology has improved, land surveys have become more and more accurate, relying on access to documents spanning back to the early 20th The information gathered in a survey helps you to understand how the property you’re purchasing has changed over time. As reported in the Mississippi Business Journal, your property’s legal definition is often changed as a result of a current survey. Even if your lender doesn’t require it for title insurance purposes, it would benefit you to have an updated survey so that your title insurance is enhanced to reflect anything new that the survey uncovers.
- A peek at the unseen: Commercial surveys provide a lot of information that would be hidden to the naked eye, and even to the well-trained eye of a developer. For example, the survey would uncover any types of easements or rights of way that exist on the property. If you’re working with a space for development, this is important because it would alert you to areas that you wouldn’t fully own. For example, say you erected a building on a commercial property without thinking through easements and placed it right on top of a gas company’s pipeline. If the gas company had an easement to access the pipeline for maintenance reasons, they would have the right to get to that line, which could spell disaster for your construction.
- Information to guide your development: As mentioned above, smart developers would need to look carefully at all the restrictions and boundaries of the land when constructing new buildings, adding fencing, or even renovating previously built structures on the land. Not paying attention to the small details can be quite costly and lead a developer to make some major errors.
It should be clear just how important a commercial survey is to understanding your property in depth, including knowing about all the utility easements in Seguin, TX that might affect it. In Seguin, the best team around is at Bettersworth & Associates, Inc. because we have over six decades of experience in the land planning business.
Commercial surveys can take time and be costly, so you need to have Bettersworth & Associates, Inc. on your side to make sure the work is done properly and efficiently. We’re proud of our award-winning record in creating community-focused spaces. Call today to see why!