Site selection is the first major—and most critical—decision you’ll make about your building project. Here are some key requirements to help narrow down the site search and provide only qualifying site options.
1. Due diligence. Due diligence is a broad term that business and real estate attorneys and professionals use, but is often misunderstood by clients. Typically the term is used to refer to the inspection and investigation of real property, personal property or a business entity conducted before a buyer makes the final decision to purchase. There are many factors that must be considered prior to the purchase of property such as obtaining a Phase One Environmental Assessment, determining if there are any environmental operating permits, wetlands or regulations pertaining to flood zones. As well, an investigation must be conducted to determine if any endangered species reside on the site that may limit its use, or if there is an airport nearby, the FAA may have height and use restrictions.