Anyone who is involved in property development will know how important it is to carefully read a property report. If you are having your home built for the first time on a property development, you will need to become familiar with this report as well, the following is a sample of the type of information you will find in a property report:
The reason a property report is assembled is to provide you with everything you will need to know regarding the property itself and the development it is built on. It should contain information regarding utility services such as water, sewer, and gas, etc. regarding what you can expect to pay for them. It also contains information regarding the amenities you will enjoy on completion of the development and the distance to local communities and recreational facilities.
Besides the various services that will be available to you on completion of the development, the report will also include information on any pre-existing liens or mortgages on the property. It should alert you to any potential issues with the lot itself that may cause delays with the build or hinder construction in any way. It should also let you know when you should receive the title for the property.
This is just some of the information that should be included in your property report. From this small sample, however, it is clear to see the importance of reading the report thoroughly before making the final decision. Please note that these reports are compiled by the property developer so go through any questions you have with them to confirm you will receive all that has been promised in the report.
