So, you’ve negotiated and signed the contract, and the property is almost yours. Now what? Next up are the property inspections that must be performed during the due-diligence period. The main goal of every property inspection is to confirm that the property is indeed a good, solid purchase. The best way to perform this inspection is to have a thorough checklist to make sure everything is accounted for.
Here are the top 9 things you need to make sure are on your checklist for a successful inspection. Overall, you’re making sure the investment checks out. The three things you want to determine during an inspection are: any life safety issues that need to be fixed (issues you could be held liable for), deferred maintenance items that need to be corrected and budgeted for, and if the financials are what the seller told you they were before the contract.
Multifamily Property Inspection Checklist:
He will also be able to tell you what has to be done in order of importance from an overall viewpoint. He can tell you if two upgrades or repairs will need to be done together so they properly coordinate and don’t step on each other’s toes or create a bigger problem.
Most Multi-Family and Commercial properties are huge investments. Getting a good general visual inspection done by a true professional will give you the complete picture you and your broker actually need in order to make a sound decision.
Every home is unique in size, shape, age and style. Our inspection inspector's report will review the condition of the home's major systems. These systems include:
You can be assured that we follow the Standards of Practice set forth by the California Real Estate Inspection Association, also known as CREIA. You can read the Standards of Practice at the CREIA website.
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