- Introduction
- Acknowledgements
- 1: Getting Ready
- 2: The Costs of Space
- 3: Understanding Credit
- 4: Professional Services
- 5: Finding Space
- 6: Residential Leases
- 7: Commercial and Industrial Leases
- 8: Buying Real Estate
- 9: Types of Mortgages
- 10: The Mortgage Application
- 11: Ownership Models
- 12: Purchasing Alternatives
- 13: Chicago Zoning Ordinance
- 14: Chicago Building Code
- 15: Chicago's Neighborhoods
- 16: Property Taxes
- 17: When You Find a Property
- 18: Inspections
- 19: After Moving In
- 20: Insurance
- 21: Utilities
- 22: Rehabbing Your Space
- 23: Safe and Healthy Spaces
- 24: Green Practice
- 25: When Disputes Arise
- 26: Space Emergencies
- 27: Facility Development Planning
- Bibliography
Inspection Results
After you have examined the space and received your inspection report, you might decide:
If you plan to keep looking, read Chapter 15: Chicago’s Neighborhoods to get ideas on where to go in the City.
TIP: Obtain an inspection report from the inspector. The report should indicate that all areas of the property have been checked, and outline in detail the condition of each area of the property and its mechanical systems. A good report will provide an estimate for repairs.
- To withdraw your offer, as there are too many problems;
- To keep the space, and either have the seller agree to fix the problems or lower your offer to fix the property yourself;
- You still have questions and concerns, and have your inspector or other professional further investigate the space.
If you plan to keep looking, read Chapter 15: Chicago’s Neighborhoods to get ideas on where to go in the City.
TIP: Obtain an inspection report from the inspector. The report should indicate that all areas of the property have been checked, and outline in detail the condition of each area of the property and its mechanical systems. A good report will provide an estimate for repairs.