Physical Characteristics Investors Should Consider When Evaluating a Property

Here are some key questions to consider:
  • Were soil borings and an environmental study part of the initial due diligence prior to the purchase of the property by the previous owner? If so, how comprehensive were they?
  • Has anything been done to the property since the initial study that would change things, i.e. top soil, re-grading, retention ponds built, etc?
  • Are there any regulated wetlands on the property?
  • Is the project subject to a Special Service Area (SSA)? What are the terms of the SSA?
  • What is the zoning for all adjacent properties?
  • What is the character of the neighborhood? How does this property fit in?
  • What are the major transportation corridors nearby? How long does it take to get to the nearest on-ramp or employment center?
  • What are the traffic patterns?
  • Where are the nearest commercial areas?
  • What school district are the properties located in? Are these considered to be the most preferred, middle, or least preferred schools in the target market area?