Purchasing commercial property is a major undertaking. Although there are several important factors to keep in mind during the process, scheduling property surveying should be at the top of your list. There are significant reasons why it’s so crucial to take care of this before you sign on the dotted line. Here’s what you should know.

Why Schedule a Survey Before You Buy Commercial Property?

1. Establish Property Lines

The only way you can truly know what you’re about to purchase is by having a land surveying professional establish the boundary and property lines. This information is valuable because it helps you confirm the validity of your title. What you purchase should always correlate with the title’s description. Discrepancies may influence your decision to move forward.

2. Detail Any Easements

Easements can affect the value of a commercial property and even make a difference in how you plan to use it. When one exists, it means that an entity has a legal right to use your land for a specific purpose, even if that person does not have any financial interest in it. In commercial settings, this might apply to a utility company whose pipes run below ground. It’s crucial to know this information beforehand, as easements may make it difficult to sell the property later.

3. Insure Your Interests

Even if you have title insurance, you won’t be insured for disputes involving easements or boundary lines without property surveying. Problems with neighbors dealing with construction projects or those who insist they have a right on your land can grow. Armed with a survey, you’ll be in a much better position to defend your rights as a commercial property owner.

4. Flood Elevation Certification

If your commercial property is situated in a flood-prone area, you’ll need to purchase flood insurance to protect your investment. You can only do that when you receive flood elevation certification through a property surveying company in order to determine how much damage is possible and what type of coverage you can receive. During land surveying, your technician will determine the land’s elevation and its risk factors.

As you prepare to purchase a commercial property, make sure you have all of the information you need to proceed. Turn to the professionals at Raber Surveying in Baldwin County, AL. Based in Summerdale, the property surveying company has served the community since 1999. They can establish property lines, provide flood elevation certificates, and perform different types of surveys based on your needs. Visit them online to learn about these services or call them at (251) 975-7525 to schedule an appointment.