No other category
of issues has reduced the fun of buying a new home like
environmental concerns. It seems that every few years, there is another
environmental issue which focuses a huge share of attention away from
other
things. But the other things do not go away. There are at least two lessons
to
learn from this:
1) New frightening issues normally fade with time
into more routine and
manageable concerns.
2) The routine concerns still deserve some attention for proper management.
Management of an environmental concern might best start by dissecting
it into
two parts:
1) The health issue; and
2) The economic issue.
First, quantify the health issue by doing the appropriate
research or testing.
Compare the results to your personal circumstances. Decide if some mitigation
or abatement is appropriate.
The economic issue becomes how any necessary action
is paid for. Get help
from your real estate professional or your lawyer on this.
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