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Location Drawing v. Survey

When it comes to your property lines, there has been a lot of confusion amongst lenders, buyers, sellers and real estate agents.  The confusion stems from a misuse of a term used to cover the definition of procedures used to determine where your property lines are located.  The term survey is often used when someone refers to your property lines and boundary lines. However, a misuse of this term can cost you hundreds of dollars when your lender only needed the location drawing.

Location drawing - A location drawing shows the property as inspected and the locations of buildings and other visible improvements affecting the property. It will show the boundary and all improvements on a survey map.

The cost for a location drawing can range from $195 to $350.  Additional acreage, waterfront properties, as well as properties with multiple structures (other than a garage or pool house) will have additional charges.

 

Boundary survey - A boundary survey is required in order to set property corners.  A boundary survey can be relied upon for various purposes, such as erecting a fence, building a garage, or making other improvements on the property. A boundary survey entails finding existing property corners and location improvements on the property and providing ties from the property line to the structure on the property. Any missing property corners will be set as a part of the boundary survey

You can expect to pay a minimum of $1,000 for a boundary survey.  Again, additional acreage, waterfront properties, as well as properties with multiple structures (other than a garage or pool house) will have additional charges.