When you buy a home or a business, there is much more to the process than simply finding a place and getting a bank to provide you with a loan. There is also the appraisal of the space as well as the inspection. These two pieces of the process are very important and cannot be overlooked. The appraisal ensures you are getting the fair market value for the property, and the inspection ensures the property is safe and up to code.
The inspection process can be nerve wracking for a seller, but for a buyer, it provides the ability for another set of eyes to come in and dig down to see if there are any possible safety issues with the property. Inspectors are typically a 3rd party who is in no way related to either the buyer or the seller, so they are providing an unbiased opinion of the property. Inspectors have a comprehensive list of items they inspect. These items include, roof inspections, a look at the heating or cooling units, insulation inspections, electrical evaluation, indications of mold, plumbing and septic inspections and any possible structural issues. Any professional who provides Building Inspection in Chicago, takes into account each of these items and then lists the items in a comprehensive report. A thorough inspector will include pictures with their report, illustrating some of the more severe issues.
Once the items have been noted, the inspector sits with the buyer to go over the list, so they understand any issues with the property and their severity. It is up to the buyer to insist the seller correct any severe issues that may present a safety hazard. If the seller refuses to comply, the buyer can effectively terminate their contract to purchase. In some cases, the issue may not be severe; rather, they may be minor issues either a buyer can ask a seller to fix, or a buyer can opt to fix themselves.
When in need of a Building Inspection, in Chicago, you will want to contact a professional who is able to provide the services listed above and who is familiar with the style and architecture of the buildings they are asked to inspect.
