Why It’s Crucial
When composing a real
estate survey, the survey is only as good as the person doing the
administration. Be sure the individual in charge of issuing the proctor is
fully competent and has experience. This person should have experience and a
full list of criteria that they need to make the right decisions.
There’s nothing
worse than having great property that’s mindlessly squandered because a survey
person wasn’t sure of their job.
The real estate
game is all about taking capital, investing it, and flipping it into something
greater. It’s a common sense principle, but it’s often overlooked by a lot of
people in the industry.
The survey is vital
because it helps with risk reduction when you know that a property is likely to
be a lucrative investment or not.
What To Look For
When conducting a
real estate survey, all sorts of things are important to keep in mind.
The first is
elevation. Most people don’t think about it, but the grand you stand upon isn’t
always perfectly in line with the ocean. Oftentimes, you’re either above or
below sea level. The drastic change in sea level can mean the difference
between millions. If a house is above sea level, flooding won’t be an issue.
This means that flood insurance is no longer necessary, and also,
construction-wise, you can engineer below ground amenities like pools or
basements.
If a house is below
sea level, be careful. Any subterranean constructions could easily result in a
leak or flood.
These might seem
like unnecessary precautions, but if you’re a new homeowner, every little thing
counts.
Second Opinions
Just like with any
crucial decision, you don’t just take the first opinion and run with it. The
important thing to consider is getting multiple opinions whenever you do a survey
on a given property.
One surveyor may
specialize with a certain type of property, others, may specialize with other
types. Since this individual is responsible for the effectiveness in which you
can flip your property, it’s a big deal if you can get the right surveyor to
give you the best price for your investment.
There will be some
ups and downs with your initial investments, but over time, the rewards will
outweigh the losses and frightening risks. After a few surveys, you’ll see that
the process isn’t as painful as it appears on paper.