A general home inspection is an essential part of a buyer’s due diligence when purchasing or leasing a Residential Care Facility for the Elderly (RCFE) or Adult Residential Facility (ARF). A general home inspection can help identify potential issues or concerns with the property, such as structural problems, electrical issues, plumbing problems, or safety hazards.
Since many RCFE and ARF leases are commercial leases, obligating the lessee to pay for maintenance of the major systems of the care home (HVAC, electrical, plumbing) we believe it’s imperative to know the condition of the care home in a buy OR lease situation.
While RCFEs and ARFs are subject to specific regulations and requirements related to safety and accessibility, a general home inspection is a valuable tool for buyers and lessees. It can help to identify issues that may not be immediately apparent, such as hidden water damage or mold, which could impact the safety and well-being of residents.
Additionally, a general home inspection can provide buyers with peace of mind and help them to make an informed decision about the property. It can also provide an opportunity for buyers to negotiate repairs or other concessions with the seller, based on the findings of the inspection, prior to the close of escrow.
It’s important to note that a general home inspection should be conducted by a licensed and experienced inspector who is familiar with the unique requirements and regulations related to RCFEs and ARFs. Buyers should be aware of the limitations of home inspections. A general home inspection may not cover all aspects of the property, such as specialized equipment or systems related to senior care or for adults with special needs.
In conclusion, a general home inspection is an integral part of a buyer’s/lessees’ due diligence when purchasing or leasing an RCFE or ARF. It can help to identify any potential issues or concerns with the property, provide peace of mind, and help buyers make an informed decision about the property, and save considerable money in the long run. Always work with a licensed and experienced inspector who is familiar with the unique requirements and regulations related to RCFEs and ARFs.
THINKING OF BUYING OR SELLING?
Let the RCFE Resource team of professionals bring proven expertise to help you get the highest price for your Assisted Living or Health Care properties. We are pleased to offer a complimentary, no obligation valuation of your home and business. Please call today for your FREE consultation.