What is the primary purpose of a property appraisal in surveying?

The primary purpose of a property appraisal in surveying is to evaluate the market value of the property. This involves assessing various factors such as the location, condition, and comparables in the market to arrive at a monetary value that reflects what the property would likely sell for in its current state. Appraisals are crucial in real estate transactions, financing, and investment decisions, providing a basis for determining fair market value.

While determining the dimensions of a property is related to surveying, and establishing property ownership is an important aspect of land transactions, these activities do not focus specifically on the financial evaluation that an appraisal provides. Creating visual representations of the land, such as maps or diagrams, is also a valuable part of surveying, but it serves a different purpose from market valuation. Therefore, the primary role of a property appraisal is distinctly focused on market value assessment.