Developing Property that is Environmentally Threatened: Property Management for the Extremes

As society lays stake to more and more land and continues to develop it for residential and commercial space, the availability of environmentally “safe” land becomes scarce. Sometimes high demand land and property exist in a region that is prone to natural disasters. For better or worse, this land gets developed anyway, but not without the consultation of property managment and  enviornmental experts and the know-how to make it all worth while.

Before you start development in any particular region, you need to know what types of environmental factors are against you. Environmental factors can include, but aren’t limited to: earthquakes, wildfires, floods, tropical storms, and pollution. All of these factors can have detrimental affects on your development plans if all proper precautions are not taken beforehand. Particular regions are more prone to a specific environmental threat . For example, property owners on the west coast of the United States have to deal with the potential of earthquakes, wildfires, and, currently, the area is affected by a severe drought.

The Experts on Your Side to Develop Property that is Environmentally Threatened

Just because a potential development area you have been interested in has some environmental downsides, it does not mean you are alone in conquering the problem and proceeding with development. Fortunately, there are professionals available to help you determine what your specific concerns may be and how to adequately deal with them. Meteorologists, seismologists, and geologists that work for consultation firms will be able to assist you with the survey of your property. A meteorologist can provide a history of weather patterns for you. This information can range from the general climate to storm histories and their severities. These statistics can be used to conclude what kind of structural additions may need to be added to your property to prevent weather damage. Also, these statistics might dictate the legal requirements for insurance relating to storms and sequential events that follow, such as flooding.

Seismologists can provide statistics on earthquakes and other seismic activity. People who live in areas that are prone to earthquakes and aftershocks have learned to take preventative measures. A seismologist can provide an accurate assessment of your risk, and you can prepare accordingly. A geologist, like the meteorologist and seismologist, will provide you statistics on the general area; however, geologists can actively survey land. A geological survey can tell you if the ground is level, the quality of ground water, and the integrity of the bed rock. This analysis can show you how much weight the land can support and how the building should be structurally composed. Skipping these steps often results in buildings being constructed on top of sinkholes or unstable land that ultimately gets swept away during a land slide.

Preventative Measures in Property Management

After you have been consulted by experts, it is time to make your next move. If the experts have decided you are in the clear of any significant risk, congratulations! You get to move on to development. Unfortunately, if you are dead set on a particular location but your land has been deemed risky, you have more work to do before your official development can begin. Your course of action will depend on what the diagnosis for your property is. If you are in an area prone to earthquakes, nailing anything that needs to be secured down is a great first step. There are support foundations that have been developed specifically to absorb seismic activity that you could consider if you you or a seismologist felt they would be beneficial. By all means, if one of your hired experts insists you take a particular precaution, it is in your best interest to heed their warnings. After all, it is your return on investment that is in play.

In the case of floods or wildfires, it would be beneficial to create buffers between your property and the fire or water. Artificially raising the elevation may prevent great water damage during a flood, or installing drainage systems to counter the direction of oncoming water. Removing trees and installing fire extinguishing systems around your property may help in the instance of a wildfire fast approaching. Of course, these measures should be taken proactively and not during a crisis because, ultimately, your fate will rest within the wrath of the oncoming disaster. Another unfortunate aspect of the unpredictability of the world is that even with all of the proper precautions taken, disaster can still strike and undo everything you have worked for. Thankfully, there is property insurance for these events.

Buyers beware: just because you have insurance does not mean you are covered on all fronts. Unfortunately, some insurance companies take advantage of the fact that many of their policy holder do not truly know what all is covered under their policy. For example, just having home owners insurance, when your property is within the flood plane of a river, will not typically cover you in the event of a flood. You will need flood insurance. This trend can be seen across the country where particular risk factors are higher than others. Thus, making sure you have all the protection you need should be a top priority.

Close the Deal

Mastering the real-estate market will always be a challenge; however, some particular properties pose an extra challenge. Do not be afraid of a challenge. Embrace them because others ran away from them, leaving you an opportunity to conquer. Do not let that opportunity go to waste. Do the research, become an expert, or hire experts to help you reach your goals. This is your investment, and you want the largest returns possible!

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Kostner Guyton

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