Due Diligence covers a wide variety of issues that may be of concern to an owner and/or potential buyer.
- Where are the nearest utility connections?
You may be looking at a site that appears wonderfully suited to a particular type of development, but if the nearest sanitary sewer is a half mile away or requires a lift-station to access, the costs may be prohibitive. - Who are the adjoiners and what plans do they have?
In some cases, the rezoning of an adjoining property can impact the use and setback requirements on your property through no action of your own! - What is the attitude of the jurisdiction towards the use you have contemplated for your property?
There may be moratoriums on development for a variety of reasons, or simply an anti-development bent in the community.
There are myriad similar questions that need to be answered in order to assess the potential of a piece of real estate. An experienced team wants to understand the objectives of the owner/developer so that the appropriate investigation takes place during due diligence.
Powered by Compendium Blogware
Comments for Due Diligence