There are two main choices when considering having a survey performed. You can either get a boundary survey or you can get a Surveyors Real Property Report (SRPR). Let’s look at some of the Pros and Cons of the SRPR:
- Less expensive – SRPRs typically start around $175-$200 for a standard size lot, versus the boundary, which typically starts around $400-$500.
- Gives a general idea of property/house location – You will be able to verify that the house that you think you are buying is really on the lot that you are buying.
- Shows recorded easements on the drawing – Those easements that are listed and shown in the title commitment and on the subdivision plat will be shown on your SRPR drawing.
- Quick turnaround time – When you’re in a pinch, a SRPR can typically be done within 24 hours, although standard notice time to complete a survey is 5 business days.
- No property corners are marked –Because we are not verifying the location of the property corners, we do not mark them or locate them for the homeowner. You most likely won’t even know that we’ve been to the property to perform the SRPR.
- Does not show fences – Because a SRPR is a cursory check, it does not include locating items close to the property line, such as fences or retaining walls. A boundary survey would need to be performed in order to have those items shown on the drawing.
- Should not be used to build fences or other improvements per state statute – There is a mandatory statement that be put on all SRPRs per MO 20 CSR 2030 -19.010.5C that states “the information shown on the drawing should not be used to construct any fence, structure or other improvements.”
- Title Company gives the Mortgage Company survey insurance coverage with this type of survey, it does NOT give the Buyer survey coverage. If there is a claim of title by someone against your property (ex. A neighbor claims a strip of your yard is theirs), the title company will not legally advise you or represent you, because you have not had a “survey”, you have only had a Surveyors Real Property Report performed.
A SRPR provides a quick glance to the condition of a property. It is not as detailed, nor as accurate, as a boundary survey, but it can provide helpful information. A boundary survey is always recommended, but a SRPR does serve a purpose. A Licensed Land Surveyor can provide either of these services.
Information provided should not be considered legal advice and all buyers, agents and title companies should consult their attorneys for legal advice.