The valuation of contaminated properties has been the subject of increasing research and analysis in the appraisal industry. The growing list of contaminated properties, governmental demands for remediation, cost of cleanup, and market response have increased awareness of the problems associated with valuing affected properties.
Contamination may affect property value in two ways: (1) loss of value due to costs of remediation or containment and (2) loss of value due to stigma including loss of value due to proximity or location. A property may be affected by either one or both influences.
We specialize in valuation and advisory services of properties affected by any conveyance of contamination: air, groundwater, and soil. Our experts have a broad understanding of the market, and are knowledgeable in environmental laws, regulations, and remediation techniques. With significant experience in specialized valuation methods, our professionals are trusted advisors who work with property owners, government agencies, financial institutions, environmental engineers, insurance agencies, and others to provide accurate, independent valuations.