Whether you are the owner of a new or an established business, moving to new premises is an exciting step, however, it can soon become a nightmare if you do not carry out the relevant checks.

Investing in your first commercial property represents the beginning of an exciting chapter. You are going out on your own and taking on the big wide world, some use the challenge as the ultimate motivation while other become engulfed and swallowed up by the lack of safety net.

To ensure that your business gets off to the best start possible, your new premises must represent who you are and what you hope to grow into. If your new property suffers from a mold problem, though, you have a lot of work to do just to get to square one.

Maintenance Costs

Any new business has to keep expenses down to a minimum, especially before you have a customer base that provides income. Early maintenance costs to your new commercial property will eat into your finances, potentially putting you into early debt.

At the initial stage of your business, profits should be used to invest in the business to help it grow, not to pay off debts as a result of mold. Having a thorough building survey conducted will report on any signs of damp and rot, which are especially likely to form in hard to reach spaces.

Brand Image

Imagine welcoming in your first customer, only for them to be put off by the sight of mold in your shop. News travels fast, and bad news travels even quicker, your brand’s image could be ruined before you ever get off the ground.

Before deciding to invest in a property, you should ensure that the building is clean and thoroughly checked. The selling party may even offer to take on the costs of treating mold, or lower the asking price to make allowances for the cost of repairs.

Valuation

The damage as a result of mold can lower the valuation of your commercial property quite considerably, which then writes off a large chunk of the valuation of your company’s assets. Maintaining a reasonable valuation is important, especially if you ever come to the point where you are looking to sell.

While damage can be repaired, maintenance costs can easily cancel out any rise in valuation, meaning that, in effect, you will be making a loss.

Health Concerns

As you will already be aware, the presence of mold can have terrible effects on the health and general wellbeing of anyone who enters the property. Sufferers of asthma are especially at risk of respiratory problems as a result of poor air conditions.

In more serious cases, inhaling mold fragments has been linked to cancer – this is when simply cleaning the visible signs of damp is not enough, and action must be taken. The cause of the problem must be addressed and the issue rectified, regardless of the repairmen costs.

Ground Floor Offices/Shops

As damp rises from the ground, ground floor properties are more at risk of mold than higher floors. On top of that, shops that make use of increased amounts of water, such as hairdressers and groomers, have an increased risk of damp forming.

Ground floor commercial properties are the most attractive to invest in, as this is where customers are most likely to pass by. If you check this site out you will find a number of good examples of ground floor properties.

Simply taking the time to have your potential new premises thoroughly checked can save a lot of time and money, as well as sparing any blushes when customers notice mold before you do.

Published by Maria Simpson