Reducing Risk

摘要

Many buyers think that purchasing a new building poses no significant risk with respect to construction defects. This is not the case. Further research should be conducted to augment the property walkthrough condition assessment. New buildings are defined here as either newly constructed or those that have undergone substantial core, shell, and MEP system renovation within the past 2 years. However, most of the due diligence techniques discussed apply to all buildings, regardless of whether they are new or not.