Are you looking for commercial space for your Pennsylvania business? Are you looking to expand your operations and buy a building? If so, you probably know how difficult it can be to find an appropriate space that suits the needs of your company while still fitting in your budget. Regardless, you do not want to rush through this process, even if you find a space that you think will work well for your needs.
Moving too quickly through a commercial real estate purchase or lease can lead to complications for your business down the road. Instead, you should be cautious and careful, taking time to ensure there are no problems with the building. This includes problems with the foundation, which can be a costly and complex problem to resolve.
What should you look for?
Before you lease or buy, you will have the opportunity to look at the space. In situations involving a commercial real estate purchase, you may have an experienced inspector to look at the building to determine whether there are underlying problems that could compromise the buyer’s well-being. Foundation problems are especially serious as they can be quite expensive to fix. The following signs could indicate that there is a serious foundation issue:
- Warped floors, buckling floors, floors that appear to slant
- Interior cracks on the walls, particularly those running vertically
- Windows that seem to be separating from the frame of the house
- Molding that is coming away from the walls
- Malfunctioning doors and windows
- Gaps in the fascia in the exterior walls
- Issues with the plumbing
Sometimes, foundation problems are the result of errors made during the construction process. It is also possible that the potential foundation problems are the result of building on expansive soils. As the soil shifts and changes, the foundation can move.
Protecting your long-term interests
When it comes to making a commercial real estate purchase or lease, you will want to do everything you can to protect the long-term interests of your business. Being too hasty and failing to have a proper inspection of the building can leave you stuck with a space that needs serious repairs.
Whether you are considering a move or you believe you were misled by a landlord, seller or construction company, you will find it beneficial to seek the guidance of an experienced real estate attorney. An assessment of your case can help you see what legal options could be available to you.