In order to properly address the concerns that sometimes arise during real estate transactions, it’s important to engage with knowledgeable and experienced radon consultants. There are techniques to address a radon issue that doesn’t need to delay or prohibit a real estate transaction.
In fact, approximately 75% of all radon tests occur because of a real estate transaction.
So what is radon exactly?
Radon is a radioactive gas that is colorless, odorless, radioactive gas that is the byproduct of the natural decay process of uranium in the soil. Radon makes its way up through the soil and into the air you breathe. Radon typically only presents a concern when it enters a structure, like a home or business and becomes concentrated.
When Should a Radon Test Be Conducted?
The EPA has prepared a Map of Radon Zones to aid National and State organizations in identifying high-risk areas. For residents of the Buckeye State, this is a major concern. Ohio is saturated with extremely high levels of radon.
During a real estate transaction, it’s fairly common to hire a certified radon professional to perform the testing.
If you’re applying for HUD-backed financing or refinancing for a multi-family building, you must have radon testing performed by a certified radon professional and provide proof of radon mitigation for any unit that exhibits high levels of radon gas.
Although it isn’t feasible to test land prior to new building construction to determine if there will be a radon intrusion issue, the construction industry recognizes the importance of preventing the intrusion of radon gas into the interior of structures.
Particularly for multi-family buildings, it is more cost effective to integrate radon-resistant construction measures into the original structural design rather than to remediate elevated radon levels after the construction is complete. For existing CRE structures, engaging a licensed, certified specialist in identifying radon risk and providing workable, effective solutions is a critical part of protecting your investment and property.