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4 reasons for developers to get an Environmental Site Assessment

On Behalf of | Feb 1, 2024 | Real Estate Law

Before embarking on any construction project in New Hampshire, property developers often conduct an Environmental Site Assessment.

These assessments provide necessary information about the environmental conditions of a site, helping developers make informed decisions and avoid potential risks.

1. Compliance with regulations

New Hampshire has strict environmental regulations that property developers must adhere to. Conducting an ESA ensures compliance with these regulations. This can help developers avoid potential fines and legal issues down the line. Identifying environmental concerns upfront opens the door to taking proactive steps to address them.

2. Protecting public health

Environmental hazards present on a property can pose serious risks to public health if not addressed properly. Conducting an ESA helps developers assess these risks and implement measures to mitigate them. This ensures the safety of future occupants and neighboring communities. That is especially important as there is a growing concern about contaminated soil affecting water supplies in the state.

3. Preserving natural resources

New Hampshire boasts diverse ecosystems and natural resources that any development project needs to address. An ESA allows developers to identify sensitive areas such as wetlands or wildlife habitats on the property. This information allows them to design their projects to minimize environmental impact and preserve these valuable resources for future generations.

4. Enhancing property value

Investing in an ESA demonstrates a commitment to environmental stewardship and responsible development practices. Properties with clean environmental records are more attractive to investors, tenants and buyers, ultimately enhancing their market value.

Any development project comes with positives and negatives. Due diligence prior to the start date can help ensure a more successful finish.