Step 3 Discuss with the land surveyor the existence of any easements or right of ways on the title in comparison with the land survey. Ask the surveyor to place permanent markers at the corners of the property, making it easier to determine the property line in the future. We Recommend St...
on the property. Even when that's not the case, yourtitle insurance companywill likely recommend a new survey as well, so you know if the neighbor's garage reaches over onto the property or if theoutdoor kitchenencroaches on a sewer easement, which could be costly to remove down the ...
Property and land surveys are an important part ofhomeownership. Not only do they help determineproperty value, but they also help establish property lines and boundaries. Professional surveyors are responsible for completing these surveys. Many homeowners get their first survey when they apply for am...
Two methods are used to determine depreciation—theGeneral Depreciation System(GDS) or theAlternative Depreciation System(ADS). GDS applies to most properties placed in service, and in general, you must use it unless you make an irrevocable election for ADS or the law requires you to utilize ADS...
properties or those in rural areas, where the record can reach back a hundred years or more--even to a Spanish land grant.The more you know about where the lineshave been drawn over time and how they've been marked, the better you'll be prepared to determine where your lot lines are...
Impact On the Value Of the Land The value of a conservation easement is determined bya qualified appraiser. The appraiser determines the value of the land before the conservation easement and subtracts the value of the land after the conservation easement to determine at the value of the conserv...
The land-to-building ratio can help estimate the proportion of a lot that a house can occupy but is not enough alone to determine the exact size of a house that will fit. Other important factors include zoning regulations, setback requirements, easements, and the lot's shape. A more accur...
The land-to-building ratio can help estimate the proportion of a lot that a house can occupy but is not enough alone to determine the exact size of a house that will fit. Other important factors include zoning regulations, setback requirements, easements, and the lot's shape. A more accur...
data about the number, types and locations of easements on the property; whether taxes are owed; information about the property and the owner/s; and covenants, restrictions, historical rules and who has oversight over the property. A title report cannot determine whether the property may be ins...
Once you determine whether a real estate investment provides enough cash-on-cash return, it is then essential to make sure you get what you paid for through due diligence. Due diligence is the process of looking under every crook and cranny of a potential investment. This is a “roll up ...