A land survey is usually a requirement that many mortgage
companies insist be completed before any loan is finalized. Many companies require them because they give
a detailed picture of the property's boundary lines as well as an accurate
measurement of the size of the property.
For potential home owners, it is always a good idea to set at least $400
aside for the land survey fee. The
average fee for a survey done regarding a typical standard home transaction is usually
around $350. That price can vary though
depending on a great deal of factors.
The number one factor that will determine the price of the
land survey fee will be the size of the property. Obviously the larger the property the more
expensive the survey will be. Other
factors that can increase the price of the survey are the location and
landscape of the property. If a home
buyer is looking to purchase a piece of land that is surrounded by or has
several trees and shrubbery on it or adjacent to it, it could make it more
difficult for the surveyor to complete the survey. Remember, most companies charge by the hour
for these surveys. So the longer it
takes the hired surveyor to complete the survey, the higher the price is going
One way buyers can save money is to see if a survey has been
done on the property before. Depending
on when one was previously done, it may be possible that another will not be
required. If one is required though,
having an older one to serve as a model can become very beneficial and can oftentimes speed up the process.
Land surveys are a very important part of the purchasing
process. One should never pick the hired
surveying company based on the price alone.
While some land surveyors can charge as little as $50 an hour, the more
experienced ones will oftentimes produce better results. An experienced surveyor will typically charge $84-100 per hour.
While the average price for a survey is usually under $400,
there are many factors that could raise that price to well over $700. Before settling on a company, buyers should
always do their research. Research the
company and what kind of certification their surveyors have as well as the
history of the home or lot being surveyed.
Being informed before hiring a company can oftentimes save a buyer
hundreds of dollars.