What is remediated grow op?
What is remediated grow op?
What is a Remediated Grow-Op Property? A remediated marijuana property is a property that was previously used as an illegal marijuana grow-op that has been fully remediated so that it can be occupied again. Most insurance companies treat these properties as high-risk or sub-standard.
How much does it cost to remediate a grow op?
It’s estimated that the typical cost of remediation to be $25,000 to $30,000. “Adoption of these recommendations will help protect homeowners, tenants, and prospective buyers in Alberta from indoor contaminants caused by illegal drug operations,” said Lee.
What is grow op?
The term ‘grow op’ is short for grow operation. It is a common expression used by law enforcement and in the media to refer to residential homes that are growing marijuana indoors.
How do you know if a house is a grow op?
While it’s best to get an independent inspection, here are some of the potential signs that a home may have been used as a grow op:
- Mould in corners where the walls and ceilings meet.
- Unusual number of roof vents or signs of roof vents.
- Fresh paint on window frames to cover damage caused by high levels of humidity.
When to buy a remediated grow op home?
When you purchase a former grow op, a remediated grow op, you know all inspections and testing have been completed and passed extensive health inspections. Many older homes are renovated and brought up to date to be sold.
How often do former Grow ops come on the market?
Each jurisdiction has its own rules on remediation. How often do former grow ops come onto the market? In recent weeks there have tended to be a small crop of remediated grow ops on the market at any given time. Among new listings this week was a $788,000 five-bedroom home at 16849 60 Ave. in Surrey.
What does the term grow op really mean?
Definition – What does Grow Op mean? The term ‘grow op’ is short for grow operation. It is a common expression used by law enforcement and in the media to refer to residential homes that are growing marijuana indoors.
What’s the average loss on a grow op?
Average overall losses were in the 20 per cent range for properties that had been former grow ops. “Some buyers are picking up formerly stigmatized properties because they are cheaper and it allows them to get into desirable neighbourhoods,” said Lebow.