There are several steps involved in the process of acquiring a Building Inspection and Occupancy Certificate. Sometimes, getting such inspections may feel tedious and unnecessary, but you most likely understand how much such investments cost if you own the property. As a pointer, regular property inspections can help to highlight issues on the building’s structural integrity. When such timely identifications are made, one can then fix them, thereby avoiding worse repairs. Here are some of the reasons why you may need to have regular commercial building inspections.
Insurance Policy Collaboration Measure
On most occasions, getting property insurance would also require you to have annual inspections on the property. Sometimes failing to get these inspections done on time can make you lose coverage or get the policy invalidated altogether. However, to be on the safe side, you may need to make timely inspection plans on the property.
When you conduct regular inspections on the property, tenants may feel cared for since they are assured of the building’s integrity. This feeling of safety by tenants can make them happy and lead to a more long-lasting landlord-tenant relationship. In the end, as a landlord, you get to benefit from regular rent payments from them.
Avoid Worse Repairs
Sometimes small repairs help you to avoid making other extensive repairs. For instance, when there is a small roofing problem, the roofing problem can trickle down to the ceiling, wiring, or other building aspects. Finally, what would have taken a commercial roofing contractor to fix extends to ceiling experts and wiring engineers. To avoid such huge losses, building inspectors can highlight minor problems and avoid making the massive repairs.
Get Documentation of the Property’s Condition
Regular building inspections can help a landlord identify lease violations on the property and any unreported damage. When such timely identifications are made, one can then take the appropriate action. Similarly, when tenants understand that regular inspections are conducted, they are more likely to take better care of the property.
As a property owner, you may need to be sure that your investment is in good condition. Regular commercial building inspections can highlight the state of the property. If repairs are required, the owner can identify them on time and fix them, thereby avoiding more significant repairs. Similarly, landlords abetting the inspections assure tenants that the properties are in good condition and safe to live in. However, in the end, the property owner stands to gain from the assessment.