Building Location Certificate (Survey Certificate)
A Building Location Certificate exhibits the dimensions, positions and location of the land and/or buildings of a property in question. Building location certificate primary function is to highlight any encroachments from adjoining properties. It is important to have the location survey certificate to guarantee the ownership of the property and protects the purchaser by highlighting any encroachments on the property. If the purchaser is seeking to secure a mortgage then the financial institution will require an up-to-date Building Location Certificate which a survey company in Winnipeg could charge up-to $600. If the property is old it may not have a Building Location Certificate and therefore he Lawyer of the purchaser on behalf of the client will obtain Title Insurance cover up this deficiency.
A building survey would provide a condition report or home buyer’s report depending on the package you select with the survey company. However it is strongly recommended to obtain a building survey before you purchase your future home.
On the other hand if you are buying newly constructed home from a builder, then it will come with a builder’s home warranty therefore in such situations you would not need to worry about obtaining a building survey.
A building Survey will give you an overview of the property’s condition and highlight significant issues, but won’t go into detail ( depending on your package). It will highlight problems with the property, such as damp or subsidence. It will point out anything that doesn’t meet current building regulations