Environmental Factors that Could Affect Your Home and Property
This refers to any environmental dangers that could affect your home’s safety, as well as any endangered plants or animals living on your property. If you buy in a wooded area, check to see how many trees you’re allowed to clear.
Another thing to consider is that federal law holds landowners accountable for cleaning up environmental contamination, even when it occurred before they owned the property. Buyers can get some protection from liability for environmental clean-up costs by taking steps to determine any environmental hazards before the purchase.
If you are thinking about purchasing land that used to be an older commercial property, you may consider thinking about what Underground Storage Tanks (USTs) can do to the land and water. What land is used for can change in many ways over time. Industrial areas have been torn down and replaced with housing. Zoning and changes in ordinances can result in businesses being forced to leave. In many cases, this has resulted in the presence of underground storage tanks being left in place. Office buildings or residential neighborhoods have been built near them. USTs could contain anything from motor oil to toxic waste and more. They will eventually corrode and begin leaking over time. Locations for many USTs are not known. When they do start to leak, a person selling property could be held liable for any problems caused by a UST.
Our team is aware of the environmental factors that need to be considered when buying a property! Let our team at Cedar Frame walk you though the process of buying you new land or home!
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