Surveys…We Aren’t Talking A Gallup Either!
April 3rd, 2008 categories: For Buyers, For Sellers
Real Estate across the United States is driven by custom. For example, in Southern California residential real estate, a house lot is almost never surveyed by a licensed surveyor. In Honolulu real estate it is customary for a home a lot to be staked and surveyed by a licensed surveyor (see C-41, C-42 & C-43 of the Purchase Contract). The stakes show where the corners of the lot are located and the surveyor then sites the perimeter boundaries of the parcel. He is looking for any walls, side walks, or other improvements the may be on, across or close to the property lines (both on the subject lot or from any neighboring lots). He then draws a map (not to scale), which reflects the position of any relevant improvements and writes a letter describing them. Look for a later post regarding problems that can result from this survey.
How much does a perimeter survey cost? For a lot smaller than 10,000 square feet, expect to pay $800 to $1,500. Also, be aware that a price from more expensive firm can be in the $2,500 to $3,000 range. These prices assume that the property is located in a neighborhood that has been regularly surveyed. Since this is an island, some neighborhoods have irregularities in the location of property lines and for these areas, a survey can be difficult and expensive. If you need a survey be sure to get bids from at least two reputable surveyors.
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