When considering buying a home, there is more to a property than the house itself. Mortgage surveys help evaluate the state of the land that’s being acquired to make sure it’s suitable for purchase. Based in Johnstown, NY, Ferguson & Foss Professional Land Surveyors PC has become known as the region’s most trusted land surveyor. Whether you need a residential property survey or a subdivision mapping, the professionals will bring clarity to your real estate holdings or interests. 

In the process of buying a home, many people opt to take out a mortgage to spread their payments out over time. As a condition for working with a buyer, banks will require what’s called a mortgage survey before any purchase is finalized. The purpose of the survey is to truly understand what you’re buying and ensure that it doesn’t come with any unanticipated issues. A mortgage survey is an inspection of all of the owned land around the house: the Ferguson & Foss Professional Land Surveyors PC team will note all structures and their positions in addition to mapping out where property lines actually fall. 

After the area has been scoped out, it becomes easy to determine whether all zoning standards are being met and that different building codes are in order. The last thing either you or the bank wants is to buy a property only to find out that a shed in the backyard is actually encroaching on a neighbor’s land. In some cases, the bank will cover the cost of the mortgage survey. In any event, it can also serve as a useful planning tool as you figure out how to optimize the space of your new property. 

To receive your mortgage survey from a locally knowledgeable and trustworthy source, reach out to Ferguson & Foss Professional Land Surveyors PC. You can begin a conversation about the process by calling (518) 762-9997. Learn more about the company by visiting their website.