Identification survey is a survey which is required by the buyer before buying the property in an area. The fundamental purpose of this survey is to ensure that the land rights of the buyer are protected. In particular, identification surveys identify the proper location of a building.
Identification survey is a survey which is required by the buyer before buying the property in an area. The fundamental purpose of this survey is to ensure that the land rights of the buyer are protected. In particular, identification surveys identify the proper location of a building, in addition to other information adjacent to the land like distances of the walls or eaves and gutters from the side boundary of the land. However, identification survey is required for various other aspects, i.e.:
It is to be noted that the identification survey is an excellent step before purchasing, but it is not at all any compulsion. It is strongly recommended that the survey must be prepared. In average, survey expenses are at about 0.25% of the purchasing price of the property. All Identification surveys are subject to Survey Methodology and the rules of Boundary Re-establishment, which can result in a substantial increase in fees.
Lately, looking into the expenses incurred by the buyer for identification survey has come up with an alternative to it, i.e. Title Insurance. This alternative is slightly cheaper than the identification survey. The only problem that subsequently arises before the purchase is that it does not guarantee a satisfactory outcome of the survey. Following are some of the cases of Identification Survey:
Case 1: Once a purchaser before buying a house, got a house surveyed. Through the survey, the purchaser came to know that substantial encroachment exists by the adjoining of the land at a distance of about 3 meters. The land purchased was with the adjoining yard and other facilities like a shed, water tank with a huge and beautiful garden in it.
The purchaser was really eager to buy the property, and the negotiation begins between the buyer and the person having the land adjoining to it. Both the purchaser and the adjoining owner want to purchase the property, due to which purchaser sets a massive price for the land on which the adjoining owner is not ready to pay. This case is yet resolved due to the tensed situation between the parties.
Case 2: Purchaser made a deal with one of the sellers on the land adjoining a river without an identification survey. After the settlement between the parties, purchaser finds out that the area of the land is not according to the agreement between them, as the area is smaller than expected. Further looking into this purchaser requested for the identification survey of the land. The survey revealed that the river adjoining the land had damaged the land by cutting it into half. The boundaries of the land were at the same place it was further, but the river has caused major floods which leaves the remaining land as unused for the purchaser.
These are some of the illustrations which show how identification survey is essential before buying a property. During the survey, it correctly determines the location of the land boundary and marks of the boundary corners on the ground. However, the survey of the property is often required by local councils to obtain a compliance certificate. The reason being of the same was that it must fulfil all the requirements for the construction of the property. If failed to meet the needs, it will result in the building condemned.
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