Who pays for a building inspection?
Whether it’s a new construction or an older building, it remains extremely risky to directly begin your industrial or commercial enterprise without first paying for a rigorous inspection and control of the building. But who pays for the building inspection?
Deciding to purchase or rent a building for industrial or commercial usage without verifying the general state of the construction and security norms of the available equipment is a high-risk action. A building inspection is an interior and exterior inspection of the building to assess its structural components and systems in order to provide a clear picture of the building’s condition, and to determine what repairs or maintenance work needs to be done. But who pays for the inspection of the building?
Why is it important to pay for a building inspection?
Although it implies additional fees, paying for the inspection of a commercial, industrial or residential building is highly recommended because it allows the buyer to secure his investment over the long term, minimizing possible risks related to the structural integrity of the construction as well as the state of functioning, the quality and the security of the available equipment.
On top of this, paying for a building inspection will enhance the market value of the building, since the companies specializing in building inspections such as Genispec provide a detailed report of the state of the building which constitutes a solid commercial argument to be presented to the potential future buyer.
This is why, although it is not mandatory, paying for a building inspection prior to purchase is strongly recommended by several organisms such as the OACIQ (Organisme d’autoréglementation du courtage immobilier du Québec).
Who will have to pay for the building inspection?
Regardless of whether it is an industrial, commercial or residential property, paying for the building inspection is generally the responsibility of the buyer, unless it is specified otherwise in the Offer of Purchase. As such, the buyer can hire the building inspector of their choice.
Why pay for a building inspection at Genispec?
Genispec is a Montreal-based firm of building engineers serving the Montreal region (West Island, Dorval, Pointe Claire, Dollard des Ormeaux and more), the South Shore (Brossard, Longueuil) and the North Shore (Laval). Genispec specializes in the inspection of industrial buildings, commercial or semi-commercial buildings, condominiums, hotels and motels as well as multi-unit apartments. All our engineers are registered with the OIQ (Ordre des ingénieurs du Québec) and are highly qualified for this type of inspection work. Trust our building engineers and contact our team to request a free quote for your building inspection. Alternatively, discover Genispec’s other building inspection services.