If you’re going to spend over $650,000 building a new house, there’s one important thing to do before you begin: make sure you are building in the right place.
That’s the lesson a Missouri couple learned the hard way. While building a luxury home in a beachfront development in Florida, they accidentally constructed on the lot next to the one they owned; they built on land belonging to someone else. The initial survey of the property was wrong, leading to the misplaced construction. Hopefully an acceptable agreement can be reached with the neighbors on whose land the house was built.
If the story sounds familiar, you may have heard the news a few months ago about the Rhode Island developer that mistakenly built a $1.8 million house on public park land. Again, the survey was wrong. The error came to light when prospective buyers had their own survey done of the property. In that case, no settlement could be reached, and the Rhode Island Supreme Court ordered the house removed from public land.