What is the significance of a "survey" in real estate?

The significance of a "survey" in real estate is primarily to determine the exact boundaries and dimensions of a property, as well as identifying any encroachments. This process involves a detailed measurement and mapping of a property’s perimeter, figuring out its area, and establishing its legal boundaries as defined by property deeds.

Having precise boundary lines is crucial for property ownership, as it helps avoid disputes with neighbors over land ownership and use. Surveys can reveal if structures, fences, or improvements encroach on neighboring properties or if there are any items intruding onto the surveyed property. This information is vital not only for current ownership but also for potential future transactions, as it establishes legal clarity regarding property lines.

While evaluating property market value, assessing environmental impact, and enhancing property aesthetics are important aspects of real estate, they do not directly pertain to the primary function of a survey. The survey's main focus is to provide clear documentation of property boundaries, which is foundational for all subsequent actions related to the property.