When purchasing a home, there are many steps involved to ensure that the property you are buying is accurately represented and free of potential boundary issues. One crucial but often overlooked component of the home-buying process is obtaining a location drawing. While not as detailed as a full land survey, a location drawing provides essential information that can help protect your investment and avoid future headaches.
What Is a Location Drawing?
A location drawing is a simplified survey that outlines the boundaries of a property and the placement of structures, fences, driveways, and other improvements. It is typically required by lenders to confirm that there are no significant encroachments or violations of zoning regulations.
Why Is a Location Drawing Important?
Here are some key benefits of obtaining a location drawing when purchasing residential real estate:
- Confirms Property Boundaries
A location drawing provides a clear depiction of property lines, helping buyers understand exactly what they are purchasing. This can prevent disputes with neighbors over boundary lines and encroachments. - Identifies Potential Encroachments
Encroachments occur when a structure, fence, or other improvement crosses into a neighboring property or onto an easement. A location drawing can reveal these issues before they become a costly problem. - Helps Ensure Compliance with Zoning and HOA Regulations
A location drawing can highlight potential zoning or homeowner association (HOA) violations, such as improperly placed sheds, fences, or additions that may need to be addressed. - Satisfies Lender and Title Insurance Requirements
Most lenders require a location drawing as part of the closing process to confirm that the property is free of major survey-related issues. Additionally, title insurance providers may request a location drawing to identify potential risks. - Provides Peace of Mind
Buying a home is a significant investment, and a location drawing offers an added layer of protection. It helps ensure that buyers are fully informed about their property’s layout and any existing concerns before finalizing the purchase.
Final Thoughts
A location drawing provides valuable information that can help buyers make informed decisions that can help reduce surprises down the road. Taking this extra step can save you time, money, and stress in the long run.