ALTA and ACSM land survey may be required by lenders, as well as insurance companies. The results can be part of the documentation necessary for claims, security, and proofs. The information from these surveys can assist lenders and purchasers in examining the land for potential risks. The survey results may reveal the benefits of owning and developing that property, too. ALTA and ACSM surveys can provide information about the property’s easements and boundaries, along with information on the land. Some data from the survey may be used when conducting further investigation on the land, especially if there is a possibility of adverse rights on it.
An ALTA and ACSM survey may provide information on other critical features of the land that may determine or affect ownership of the property, too. It can show easements and improvements, ownership areas, encroachments, encumbrances, other critical aspects of owning that land. Land developers may rely on the survey results for suggestions to further improve the property and the best areas where they should be placed. These improvements can be anything from fences to roads, as well as trails, rights of ways, and other structures that can add value to the property.
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