![]() I won't go into detail about why you should avoid a cheap Phase I Environmental Site Assessment since I've already covered it in length in another article, but I do want to discuss how long a report is good for. One of the most common questions our customers ask us is how long is a Phase I ESA good for? ![]() In fact, many folks look to either hire the cheapest consultant they can find, or even worse, attempt to use an old Phase I report. The strange thing is, when folks are looking to invest hundreds of thousands to millions of dollars into a property, or the business that occupies it, many don't consider a Phase I ESA a worthy investment. We discuss how long a Phase I ESA is "good" for, and when it "expires".įor many folks out there looking into buying or refinancing a piece of property, a Phase I ESA isn't just a good idea, it's a vital piece of information necessary in determining you (or your bank) are making a sound financial decision.
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