Why inspections are critical for properties owned by foundations

Why inspections are critical for properties owned by foundations

Properties owned by foundations are often donated by the government and private organisations, and some of these properties were foreclosed on during the global financial recession, which drove a lot of people out of their homes and business facilities. This didn’t leave a lot of time for proper inspections, so the history of these buildings is often unknown. When your charitable foundation is working out of a property that hasn’t been properly inspected, you’re putting the finances of the organisation at risk, and sometimes, you’re putting the lives of the people inside at risk if the property isn’t safe to work or live in.

We consulted some professionals in the industry from Building Inspector in Melbourne, a company that helps local homeowners and companies perform cost-effective and highly efficient inspections: “You’re very right in that a lot of these properties were never properly inspected,” Jonathan a Building Inspector stated, “And if they were inspected, the inspections may have been performed over a decade ago. In a short time, a safe building can become structurally unsafe to live in. For financial purposes and for health and safety, it’s important that you look for any structural faults or any other conditions in the building.”

As a message to other foundations in Melbourne and beyond, please perform regular inspections at your properties to ensure that they are safe for your staff or anyone who is working or living at the property. It’s something that is often overlooked, but it’s crucial. Keep your inspections up-to-date and perform them regularly with the help of a professional company like the one aforementioned. Keeping your building inspections current will mean that you avoid financial risk, litigation, and bodily harm in the future.

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