Verisk’s Enhanced Zoning Report uncovers the hidden risks

By Ronnie Choi August 14, 2014

Ronnie Choi When your clients purchase or invest in any property, you need to know the real risks involved. Is the property compliant with current zoning laws? Will existing building codes or code changes limit expansion options or rebuilding potential? Is the property built to codes that protect it from hazards the community faces? You have to do your due diligence to avoid hidden costs, limita­tions, and losses — and Verisk Commercial Real Estate can help.

We developed our Enhanced Zoning Report to provide more granular details and a wider range of information than the typical zoning report. Verisk can do this because, unlike other providers, we have resources that give you zoning and code impact details you won’t find anywhere else.

For example, only Verisk can call on our nationally recognized Building Code Effectiveness Grading Schedule (BCEGS®),our program that grades communities on their adoption and enforcement of up-to-date building codes throughout the United States. Municipalities and insurers around the nation use BCEGS grades, and now our Enhanced Zoning Report makes that information available to lenders, investors, and commercial real estate attorneys.

We know there’s so much that goes into deciding whether to purchase, build on, or renovate a site or property. The analysis and details in our report help assess the risks for construction, replacement costs, and major renovations while being able to evaluate the overall financial health of your portfolio. You’ll receive zoning compliance, certifications, a thorough assessment of zoning classifications, compliance with current building codes, the history of code changes, the last sale price of the property — and the list of information goes on.

We’re very excited to bring this service to our customers and invite you to learn more. Please visit our website, or download a copy of our brochure.

Ronnie Choi

Ronnie D. Choi is the director of Verisk Commercial Real Estate.