What is the significance of a property survey?

A property survey plays a crucial role in real estate transactions and property management by providing a comprehensive analysis of the physical characteristics of a property. The primary significance of a property survey lies in its ability to accurately delineate property boundaries, including the location of improvements such as buildings, fences, and driveways. This information helps identify any encroachments or disputes with neighboring properties, clarifying ownership and usage rights.

Additionally, a survey highlights any easements—legal rights for others to use the property for specific purposes—which can affect how the property can be utilized. By providing all of this detailed information, a property survey serves as an essential tool for buyers, sellers, and appraisers to make informed decisions and ensure that all aspects of property ownership are clear and legally established.