All Forum Posts by: David McAlister

Indeed.  This property will likely need some sort of mitigation.  Especially if it is residential and the first floor / basement will be occupied.  

A lead-based paint survey does not have to be extensive or expensive.  As @Guy Gimenez stated, the regulations vary from state to state, but generally speaking a lead-based paint survey is an important part of due diligence, especially if you are going to have young children in the building.  

What state is the property in?  

Abdenour,

There are several options other than a Phase I if you want to get a feel for the environmental conditions of the property. A transaction screen is about half the effort and half the price of a full Phase I environmental site assessment. We also perform what we call, "RSRAs" or Risk Search and Risk Assessment. It is basically a background database search - nearly all the same databases searched for a full Phase I, without a site walk or evaluation of historic documentation such as air photos, topographic maps, fire insurance maps, or the city directories (Phone Books).