Wednesday, May 9, 2012

Property Condition Assessments can save your business money

Barry O'Farrell taking to business owners at H...
(Photo credit: Wikipedia)
Many home owners and business owners live and work in buildings and homes that are outdated. Although this problem mostly affects the real estate values of home owners, it can pose a serious problem for business owners. Not only does it make the property holder liable for a lawsuit if an accident were to happen, but a simple problem can lead to expensive repairs and costs that could bankrupt a business within a few years. One way to avoid this and catch problems before they occur is to get a property condition assessment. Typical services include looking at a property before someone makes a big purchase on it, and assessing damages occurred to a property that has existed for extended periods of time.
Typically what is searched meticulously for are structural flaws that can lead to expensive repairs, and life threatening issues that puts occupants at risk. Running a business demands a great deal of attention, and worrying if the building is structurally sound shouldn't be a large priority. If you have never conducted a PCA before, it might be a good time to call up an agency to take a look at your property.

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