Checking Land for Contamination

Buying contaminated land can prove to be a very poor investment as it could be hazardous for any persons that later resided upon it and even to the environment as a whole. Land like this has normally been previously used by industries that did not have proper waste disposal processes or rules,these making the land risky to live or work on. This normally only comes to light once the industry has gone. All of this makes checking any property you are considering purchasing for contamination before investing in it. The systems for this are relatively straightforward,but it is important that they are followed in full.

It is an unfortunate fact that many cities and towns have sites that were previously used by industries that produced pollutants one way or another. The problems however are only surfacing now,the regulations in place today being much more stringent that those in the past. Land of this sort is as “brownfield” sites and may have buildings that are now derelict. The good news is that it is possible to restore the health of the land,thus making it fit for residential use.

Land pollution can lead to the loss of topsoil as well,which in turn reduces its capacity to sustain any agricultural use. One reason for this is that irrigation was badly used,or by the excessive spraying of chemicals. Chemical dumping or spills are the main reasons for land pollution and soil contamination. Besides this sewage leaks,leaks from fuel tanks,and asbestos can also lead to land being contaminated.

It is therefore easy to see that it is vital to know the history of the land and its previous users / what they used it for before you purchase it,as these provide you with an indication of the possibility of land contamination. The checks are known as environmental searches and are normally conducted by conveyancing solicitors,the purpose being to find out if there are any matters that can affect the value of the land being offered for sale. Such checks include historical mapping of the land,records of land use,as well as other information that could identify any other factors that may cause concern. If any contamination of the land or property,is found,then the purchaser can take this into account when offering to buy the land. It could well be that the cost of restoring the land could be very high,which makes it all the more important to take this into account when buying land. It is also important to understand how any adjacent properties were used in the past,as contamination on that land could leak into the land that is being purchased through the contamination of groundwater.

If any of the buildings on the land are going to be re-used,it is also vital to check for mold and dampness,because if the building was derelict for too long,it could also prove to be a source of contamination. This would be another thing that would need attention before the property can be made usable once more.

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Why the Swiss take risks (and win)

By John Sage Melbourne

Welcome to the second part in my series about the Zurich Axioms. Today,we’re going to cover the very first major axiom and what it suggests for you,an individual on a journey to discover your wealth frame of mind.
So,as I mentioned in the last post,the factor that the Swiss investment companies of the 1980’s were so successful was because of their understanding of risk.
They knew danger much better than anything else related to the investment and made wise investment choices based on threat alone oftentimes. Let’s look better at the very first major axiom of Zurich.

The First Major Axiom

How typically do you feel anxious about things in life? You might think that being worried suggests illness which it is awful for your body,but in truth,worry is an advantage,and you ought to learn to accept it.
In the first significant axiom on danger,we find out that being stressed about something means that you’re taking a threat,and to be successful in your financial investments and in life,you need to take risks practically daily.
Some risks are more substantial than others,and they’ll stress you more than others too. Still,if you feel concerned and anxious about something,that means that it deserves pursuing and has the chance to make you wealthy.
The Swiss understood this,and they welcomed their fears and worries and learned to silence them and even delight in the sensation.
You must too.

Minor Axiom I: Constantly play for meaningful stakes

Adding onto the last point,if the worry of losing the amount invested doesn’t terrify you,then the chance of making a high percentage gain isn’t highly likely. You ought to go into the playing field unless you prepare to win and win big at that.
In order to win big,you need to invest more than you feel comfy. Keep in mind that I’m not encouraging you make poor choices,but I am advising that you try to find risk and worry in your investments. That’s how you succeed in the long run.

Minor Axiom II: Resist the lure of diversity

You’ve most likely heard the investing saying “don’t put all of your eggs in one basket” before. It’s a caution that investors ought to diversify their portfolio,so they aren’t risking all of it on just one investment.
Here’s the important things– diversity has 3 major flaws that your monetary consultant probably does not want to inform you:
1. It goes versus the theory if betting substantial stakes and winning huge.

2. When one location of your portfolio has gains,the gains are balanced out by losses in another location,and you only break even if you’re fortunate.

3. You’ll lose focus of your essential financial investments.
You shouldn’t be afraid of threat,and you must put your money where your mouth is. Deal with investing like a video game and the only method to win is to win big.

Stay Tuned

There are still eleven more Zurich Axioms that you need to discover,and I’m going to cover them in future blog site posts. Give John Sage Melbourne a follow on social media and sign up for this blog,so you do not miss out anything in this series.