All Forum Posts by: David McAlister
David McAlister has started 0 posts and replied 3 times.
Indeed. This property will likely need some sort of mitigation. Especially if it is residential and the first floor / basement will be occupied.
Post: Navigating Lead-Based Paint & Survey Importance in Property Purchase
- Posts 4
- Votes 2
A lead-based paint survey does not have to be extensive or expensive. As @Guy Gimenez stated, the regulations vary from state to state, but generally speaking a lead-based paint survey is an important part of due diligence, especially if you are going to have young children in the building.
What state is the property in?
Post: How would you mitigate the environmental risk
- Posts 4
- Votes 2
Abdenour,
There are several options other than a Phase I if you want to get a feel for the environmental conditions of the property. A transaction screen is about half the effort and half the price of a full Phase I environmental site assessment. We also perform what we call, "RSRAs" or Risk Search and Risk Assessment. It is basically a background database search - nearly all the same databases searched for a full Phase I, without a site walk or evaluation of historic documentation such as air photos, topographic maps, fire insurance maps, or the city directories (Phone Books).