GlossaryArchitectural_reports

What means Architectural Reports?

Architectural Reports are crucial for real estate">commercial real estate transactions such as purchasing and selling, and for assessing the structural condition. These reports help in identifying any construction defects before completing the transaction, which is vital for both buyers and sellers.

For buyers, an architectural report reduces the risks of unforeseen defects, which is legally their responsibility. Sellers are required to disclose any construction defects to potential buyers, thus a report can accelerate the sale by providing certainty about the condition of the building.