Kari Nealeigh - The Complete Guide to Buying Commercial Real Estate

getting everything down in writing. It’s just good business. Not doing that is what leads to bad situations and bad business. It’s hard to trust an owner who doesn’t want to put things in writing. It’s not a bad idea to get any back and forths in writing or keep a log of them. It can’t hurt and could prove to the other party if they claim they didn’t say anything.

WARNING SIGNS FOR FOUNDATION PROBLEMS

The foundation aspect of a building is the stability of the property. If it isn’t in good shape, there will be more problems and more money will have to be poured into the building. It could even collapse. You need to have it expected regularly to avoid any huge problems, and catch them before they get to that point.

Interior Cracks

Are there gaps in the drywall? Are the finishes separate from the wall? This is a big sign of trouble. Something this big can hold back or end a sale. Also, not all cracks are the same. Vertical cracks come from the foundation’s uneven settling and are more common. Horizontal cracks are much more of a problem. They can represent a plumbing problem. If you see any of these, have it deeply inspected before making a choice to move forward or not in your pursuit of the building.

Exterior Cracks

This is often the first sign of a foundation failure. These can be in bricks or in a window frame with space between a wall.

These are usually caused by a shifting foundation. This can

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