Importance of Environmental Due Diligence in Property Buying
When purchasing a residential property, especially a high-value or complex one, environmental risks are often overlooked until it’s too late.
Industry analysis shows that skipping thorough environmental due diligence can lead to costly surprises, legal headaches, and even failed transactions.
By Legal Futures Associate Landmark Information Group
The Risks of Overlooking Environmental Factors
Purchasing a property without proper environmental assessment can be detrimental. For instance, a client may buy their ideal home, only to later discover that the land was once used for industrial purposes, such as a gas works or depot.
This kind of situation is not uncommon, highlighting the need for a thorough environmental report, such as the redesigned Argyll SiteSolutions Residence report, to ensure peace of mind.
Author's summary: Environmental due diligence is crucial when buying property.