Whether you are dealing with commercial or residential real estate, there are numerous legal issues that can arise. Sometimes these relate to a contract between parties, the price of the property, rental agreements, etc.
One of the more common types of real estate disputes involves construction defects. Construction defects can cause a host of complications, which may take an extended period of time to resolve. Most importantly, defects can place people in danger. Outlined below are some of the more common construction defects to look out for when navigating a real estate transaction.
For real estate to be truly valuable, it must be built upon competent workmanship. Generally, any shoddy work will soon unravel. For instance, wiring work that has not been completed with care could result in lights and other electrical appliances malfunctioning. Most importantly, any faults with the electronics in a building place the occupiers in danger.
While it is understandable for someone to stay within an economical budget, this does not mean that safety should be jeopardized or the quality of finish be completely disregarded. The use of cheap materials can actually be counterproductive in the long run, with potential lawsuits ensuing for electrical faults, water leaks and unsatisfactory finishes.
Sometimes, constructions workers are fighting a losing battle as the design of the building is simply not functional. In these cases, no matter what the quality of workmanship or materials used, the building will still be defective. For instance, an architect may have designed a building in such a way that water simply does not run off of the roof. The stagnant water in such a scenario has the potential to cause a whole host of construction defects.
As you navigate a real estate transaction, it is important to consider any potential roadblocks. Being familiar with your legal rights will also stand you in good stead.