When choosing a development to have your home built on, you will naturally want to know everything you can about it, a property report is designed to provide this information. The report helps you to learn about the types of amenities you can expect to enjoy once the development is completed. It will also tell you the distance to local communities and recreational facilities, etc. It will also highlight other important information like the kinds of utility services that will be available to you in the way of gas, water, and sewer, for example.
As well as the different services you should expect on completion of the development, a property report also contains information regarding mortgages or pre-existing liens on the property and will alert you to any possible problems with the lot that could delay construction. It should also inform you about when you can expect to obtain the title for your property.
This is just a small sample of the information contained in a property report; however, it highlights the importance of studying it carefully before making your final decision. Keep in mind that this report is prepared by the property developer so ask them to go through any questions or concerns you have and be sure you will get everything you have been promised in the report.