Do you own, or plan to Invest in a Commercial Property?

For some, investing in commercial properties such as offices, warehouses, apartment buildings, or shopping centers is a better option because they feel these are easier to manage.

If this is your case, be aware of the construction year of the property!

Miami Dade and Broward County have a re-certification ordinance requiring that buildings 40 years of age be re-certified by a registered Florida Engineer or Architect for structural and electrical safety. This re-certification will have to be completed again every 10 years following the first one. This ensures it is a safe structure, it is prepared for hurricanes and severe weather, and avoid a possible sinking or collapse.

If the inspection reflects construction defects, or outdated systems such as plumbing, electrical panels, roof, foundation, walls, floors, windows, or others, these will have to be updated or replaced to today’s code to then be re-inspected and re-certified by the county. These costs must be considered at the time of buying or selling the commercial property.

Be aware it is your responsibility as an owner to complete this inspection and re-certification within the time allowed, whether or not you have received notice of it by the county. Otherwise the county could issue fines, deliver an “Unsafe Structure” notice, or even request for the property to be demolished.

Allow me to help you negotiate a good deal. Call me to talk about your best options.

                Maria T. Villalobos * Cell. 786-285-5855 * info@bestmiamihomes.net