Surveys are a crucial element when it comes to commercial real estate transactions and sales. Getting these details right is crucial, which is why you need to turn to someone you can trust! Arek Surveying has years of experience working on surveys of all types and can help those looking to buy or sell commercial real estate by providing them with the right survey for the job.
It goes without saying that not all surveys are the same. There are a few common ones, though, that you will see used in real estate deals. These surveys include as-built surveys, property-boundary surveys, and ALTA surveys. The type of survey you may need depends on a few different factors and/or requirements.
If you have any questions about these surveys, please reach out to our office and fill out a contact form. We can get back to your promptly with an answer.
When it comes to a commercial real estate survey, there are some factors you may need to consider and ask "why" you may even need it. Oftentimes, people opt to skip the survey since title insurance is already being purchased. But this is likely an unwise move and can lead to poor consequences. Title insurance is a separate component from a survey and the purchase of it eases the mind of some when it comes to buying and selling of commercial real estate. However, our surveys cover aspects that title insurance does not.
In general, title insurance does not disclose the location of utilities, any improvements made in the area, and the relationship of record lines to the occupied liens, as well as the relationship between adjoining landowners. However, these are all aspects that a good ALTA survey provides, which is what you get when you turn to Arek Surveying! Without this sort of survey, any buyer will be left in the dark and not have an accurate picture of what the legal description of the land is. Photos are nice, but a survey covers so much more than a picture and offers the buyer and seller a lot more detailed information.
In a nutshell, a commercial real estate survey will confirm basic information about a property. And it will depict any discrepancies between the actual use of the land and the recorded legal description. Updating any older information and providing for a more accurate description of the land in question. This survey will also show the relationship of the property to any adjoining properties, as well as the location of the aforementioned improvements on the property in relation to the boundaries. These improvements are not just with the buildings, but with the landscaping, the parking, the utilities and anything else that is potentially improved.
Professional commercial real estate surveys also give buyers and sellers information on whether the property is in violation of any zoning laws. As well as confirms the property's size, setbacks, and differences in heights and sizes. On top of that, it can show recorded easements, access, parking, encroachments, and the location of utilities and even an illustration of whether or not the property is located within a flood plain or other flood hazard area. Learn more about a flood elevation certificate and how we at Arek can help in this area.
Commercial property is an expensive undertaking, which is why it is important to have all of your bases covered and get detailed and accurate information regarding the surveying. Only with a survey can all of the necessary information be accurately recorded and displayed. Turn to Arek Surveying for all of your surveying needs. Check out all of our services and see why we are the #1 option for surveying in the greater New York City Area. Our surveying services extends to New York and all 5 NYC boroughs, including Manhattan, Queens, Brooklyn, Bronx, Staten Island, Nassau, Suffolk, Rockland, Westchester, Putnam Counties, as well as Bergen, Essex, Hudson, Union, Middlesex counties in New Jersey.