Three Things a Poor-Quality Property Condition Assessment or Environmental Site Assessment Won’t Tell You
Savvy commercial real-estate investors understand that when it comes time to add a new property to the portfolio, a high-quality inspection is an extremely prudent and cost-effective safeguard. Much like a thorough medical check-up, a professional Property Condition Assessment and/or Phase 1 Environmental Site Assessment concerns the health or reveals the minor concerns—or major disease—of the property. A poor-quality inspection, on the other hand, can be worse than no inspection if it lulls buyers and lenders into a false sense of security. HERE ARE THREE [...]