New Mexico Compliance Survey
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How to fill out Compliance Survey?
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FAQ
Improvement location reporting is the preparation of an improvement location report which is a narrative report, which may be accompanied by a sketch, and which is issued only to a title, abstract or escrow company or a lending institution for their exclusive use; it shall not be represented by the surveyor as being a
You don't need to get a survey done on the property you are buying. But a survey can help you avoid expensive and unwanted surprises, like an unexpected rewiring job, as well as giving you peace of mind by telling you that those hairline cracks, for example, don't mean the house is falling down.
People drink and use water every day. Therefore, the environmental health impacts of drinking water are extremely important. The majority of New Mexicans are provided high quality drinking water.
A survey or Improvement Location Report (ILR) is always required to provide survey coverage under a New Mexico title insurance policy insuring New Mexico real property. This bulletin is intended to provide basic guidelines and requirements for providing coverage.
Land surveying allows you to understand your land boundaries. A survey is performed in order to locate, describe, monument, and map the boundaries and corners of a parcel of land. It might also include the topography of the parcel, and the location of buildings and other improvements made to the parcel.
Surveys can be very useful they can help you avoid expensive surprises (like an unexpected rewiring job), as well as giving you peace of mind by telling you that those hairline cracks don't mean the house is falling down. For those who have never owned a property before, a survey can be immensely reassuring.
The upfront cost of having a land survey is around $248 to $932. The fees associated with land surveying range anywhere from $200 to $800, depending on the lot size, the geographical location of the property, and the age of the lot.
In New Mexico an ALTA survey must meet all of the requirements of a boundary survey as established in the minimum standards. So in NM, some of the options such as setting the property corners are already a requirement, such as items 1,2,4,8 and 11(a).
