It was recommended to get a survey on a property I'm looking to purchase. Any thoughts on if it's necessary or not?

@Justin Johnson it depends...how are you going to acquire it, and when was the last survey completed. Doing a survey may be a requirement from a lender...just depends. What does the deal look like?

Will you have an investment in the property? If so, then yes. If not, you might be willing to accept the risk. Personally, I get surveys on almost every property I purchase. 

do you mean an inspection or an appraisal?

if you mean inspection, think about the risk vs reward

you may save $400 on the survey fees but you may miss something like a basement fault that could cost you $20k down the line

for appraisals, then I would only do it if its required by the lender

Yes, get a survey....other than obvious encroachment issues you may have easements you don’t know anything about.  A recent poster actually bought the wrong property....seems like the bank foreclosed on the wrong property, one of a pair side by side.....it would have been revealed with a survey.

Thanks for all the feedback. Much appreciated.