Unpacking the Basics of ALTA/NSPS Surveys

Unpacking the Basics of ALTA/NSPS Surveys

An ALTA/NSPS survey is a type of land survey that is often used for commercial and residential real estate transactions. It is a standardized survey that is used to determine the boundaries of a particular piece of property and to identify any encroachments or other issues that might affect the title or use of the land. The survey is conducted according to the standards set forth by the American Land Title Association (ALTA) and the National Society of Professional Surveyors (NSPS).

What Does an ALTA/NSPS Survey Include?

An ALTA/NSPS survey typically includes a base map, which is used to locate the boundaries of the property and to identify any existing structures or features on the property. The survey also includes a detailed description of the boundaries of the property, including any encroachments, easements or other restrictions that may affect the use of the land. The survey also includes a title opinion, which is a legal opinion issued by an attorney or title company regarding the title of the property.

What Are the Benefits of an ALTA/NSPS Survey?

The primary benefit of an ALTA/NSPS survey is that it provides a detailed and accurate description of the boundaries of a property. This type of survey is often used in real estate transactions to ensure that all parties have an accurate understanding of the boundaries of the property and any issues that may affect the use of the property. The survey also provides a detailed record that can be used in the event of a dispute or legal action regarding the property.

Who Conducts an ALTA/NSPS Survey?

An ALTA/NSPS survey is typically conducted by a professional land surveyor who is licensed and certified to conduct this type of survey. The surveyor will use specialized equipment to measure and map the boundaries of the property and to identify any encroachments, easements, or other issues that may affect the use of the land. The surveyor may also be responsible for providing the title opinion.

What Is the Cost of an ALTA/NSPS Survey?

The cost of an ALTA/NSPS survey will vary depending on the size and complexity of the property, as well as any additional services such as the title opinion. Generally speaking, the cost of an ALTA/NSPS survey can range from a few hundred dollars to several thousand dollars.

Conclusion

An ALTA/NSPS survey is an important tool for understanding the boundaries of a property and for identifying any potential issues that may affect the use of the land. The survey provides an accurate and detailed description of the boundaries of the property and can be used in the event of a dispute or legal action regarding the property. The cost of an ALTA/NSPS survey will depend on the size and complexity of the property, as well as any additional services such as the title opinion.