Miami home sellers and prospective buyers, navigating the real estate market can often be both exciting and daunting. Initially, I intended to discuss a different topic today. However, a recent phone call regarding a property survey and its importance in addressing questions about property boundaries prompted a change in focus. Therefore, I will be exploring what a survey entails and why it is important for Miami homeowners.
There are so many steps to consider when buying or selling a
property, especially in bustling areas in Miami-Dade county. One
crucial step that often flies under the radar is the property survey. Let’s discuss
what a property survey is and why it’s a big deal for anyone dealing with
real estate in Miami.
What Exactly is a Property Survey?
In simple terms, a survey is a detailed map of
your property. It’s like getting a property report card that outlines the exact
boundaries of your land, where your house and other structures sit, and any
important features like driveways or pools.
This survey is done by a licensed
professional known as a surveyor, who ensures everything is measured
accurately. Think of it as getting the lay of the land—literally!
Why Should You Care About a Property Survey?
Have you ever had a dispute with a neighbor over property boundaries? A survey eliminates any uncertainty about property lines. This is particularly important if you plan to install a fence, add a driveway, or undertake landscaping projects, especially in communities with associations where property boundaries can often be complex. A survey ensures compliance with regulations and prevents any encroachment onto a neighbor's property or common areas.
Spotting
Easements and Encroachments
Sometimes, parts of your property might
be used by someone else, like utility companies. These are called
easements. Encroachments happen when something from a neighbor’s property
crosses into yours. Both can affect how you use your land and its value,
so it’s good to know about them upfront.
Staying
Legal with Local Rules
Miami-Dade county, has its own set of zoning
laws and building codes. A residential survey helps ensure that your
property and any structures on it comply with these regulations, saving
you from potential legal headaches.
Flood
Zone Awareness
Miami-Dade is
known for its beautiful beaches, but also for its flood zones. Your survey will tell you if your property is in a flood-prone
area, which can affect your insurance premiums and what you need to do to
protect your home.
Interestingly, certain areas in
Kendall, FL, are designated flood zones even though they aren’t close to water.
Likewise, properties in South Miami and Palmetto Bay are also susceptible to
flooding from heavy rains and storm surge.
This can be due to factors like poor drainage, low elevation, or proximity to
canals that overflow during heavy rains. Knowing this can help you prepare and
make informed decisions about flood insurance and necessary property
modifications.
Who Typically Requests a Property Survey?
A property survey can be requested by different parties
involved in a real estate transaction:
1.
Buyers: They often want to ensure they understand the exact boundaries
and any potential issues with the property they are purchasing.
2.
Sellers: Sellers may get a survey to provide accurate property
information to potential buyers and to resolve any disputes about property
lines.
3.
Mortgage Lenders: usually require a survey before approving a loan to
confirm that the property matches its legal description.
4.
Title
Companies: These companies may need a survey to issue title insurance,
ensuring there are no discrepancies in property boundaries.
How Does the Property Survey Process Work?
The survey process begins with research, where the surveyor delves into the property’s history by examining old surveys, deeds, and public records. Following this, the surveyor conducts fieldwork, visiting the property to take precise measurements and note any features or structures using high-tech tools like GPS and laser scanners.
All this collected data is then transformed into a detailed map that shows property lines, structures, easements, and other relevant details. Finally, the surveyor compiles their findings into a comprehensive report that can be used for real estate transactions.
Choosing the Right Surveyor
Make sure to hire a licensed and experienced surveyor who
knows Miami’s unique landscape and regulations. Normally, if you’re a buyer
financing the property, the survey is requested by the lender, but you as the
buyer will be responsible for the cost.
Ask your real estate agent for
recommendations or check reviews from other homeowners.
In Miami-Dade County, the cost of a property survey can
vary depending on the size and complexity of the property. Generally, you can
expect to pay anywhere from $300 to $800. Larger properties or those with more
complex features may cost more.
The Bottom Line
In the fast-paced Miami real estate market, a property survey is your best friend. It helps you avoid nasty surprises, ensures your
property complies with local rules, and gives you a clear picture of what
you’re buying or selling. So, next time you’re in the midst of a property
transaction, be it in Kendall or South Miami, remember to get that survey
done. You’ll thank yourself later!
For more tips and insights on Miami real estate, keep
checking back with My Casitas Miami.
About the Author: Liz Kenneally is a seasoned real estate agent in Miami with extensive experience in the city's dynamic market. Specializing in coveted neighborhoods such as Coral Gables, Dadeland, Continental Park, East Kendall, Palmetto Bay, Pinecrest, South Miami, and The Falls, Liz ensures smooth transactions for her diverse clientele. Fluent in both English and Spanish, she can be contacted at 786-423-3348 or through the EMAIL AGENT form provided alongside this blog.