Published January 7, 2025
Evaluating Real Estate: Environmental Considerations
When it comes to finding the perfect property, many buyers focus on details like location, price, square footage, power requirements, and parking spaces. However, one crucial factor that often gets overlooked is the property’s environmental context. If you’re new to this process, here’s a brief, pragmatic guide. It will help you minimize potential environmental risks.
Step 1: Understand Your Environmental Goals
From an environmental perspective, most buyers aim to avoid complications and reduce exposure to hazardous or toxic substances. For instance, you’ll want to steer clear of properties that might have issues with air emissions, contaminated waste streams, or hazardous chemicals—unless you’re specifically seeking a site for a manufacturing facility that requires use of such materials. In those cases, strict safety protocols and public chemical safety lists are essential resources to consult.
Step 2: Leverage Publicly Available Environmental Data
Start your research by reviewing publicly available environmental data. These substantial resources can provide valuable insights into potential risks or issues associated with a property:
Pro Tip: If you’re unsure where to find these resources, email me. I’ll send you a spreadsheet of links to state-specific online environmental data sources.
Once you get serious, an Environmental Phase 1 report is an essential tool to ferret out past site uses and current regulatory liabilities.
Step 3: Inspect Neighboring Properties
After reviewing the data for your target property, take the time to investigate neighboring properties — especially those sharing a common border. Walk around the site perimeter to observe the surroundings. What’s nearby? Are there any telltale signs of pollution or activities that could pose a risk? Neighboring properties could range from benign parks to problematic industrial sites.
Final Thoughts
Evaluating a property’s environmental context is an essential step in the real estate process. By utilizing free resources like the state databases, Google Earth Pro and conducting a thorough review of both the property and its surroundings, you will identify potential risks and make informed decisions. Remember, due diligence today can save you from costly issues tomorrow.
Thanks for reading, and we’ll talk again soon!
Give us a call at 818-907-6565 or email advisors@environmental-advisors.com.
Copyright Environmental Advisors, Inc.