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Top 5 Factors to Consider When Buying Problem Contaminated Land

Buying a partial construction property or a distressed property requires more meticulous preparation, much legwork, and may be tedious and time-consuming.

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Top 5 Factors to Consider When Buying Problem Contaminated Land

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  1. Top 5 Factors to Consider When Buying Problem Contaminated Land

  2. Responsibility of landowner to clean up the mess The landowner's responsibility is to clear the land, remove the contaminants and clean up the mess if one cannot find the polluter

  3. Ensure seamless approval of property for desired use If found at a later stage, any contamination in the land may prevent you from getting approval of the property for any development.

  4. Lenders Require Verification of Land  Environmental due diligence is required for verification that the lender seeks to ensure that any contamination clean up does not affect the purchase price or the borrower's ability to fund the remedial activity. 

  5. Presence of Asbestos may increase the cost of renovation substantially Asbestos in your old property is hazardous to health if demolished. Hence, it is essential to check thoroughly for asbestos and remove it after the assessment report.

  6. Contact Us:- Contact Us :Address : 8484 Wilshire Blvd Suite 515Beverly Hills, California 90211 USAPhone :(310) 598-6063Email : propsolver@gmail.comWebsite : https://propsolver.com/

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