Real Estate Term to Know: Milestone Inspection

If you're looking to purchase a condominium on Amelia Island or in the  Fernandina Beach area of Florida, you need to know what milestone inspections are.

A milestone inspection is a structural inspection of a building performed by a licensed architect or engineer. The purpose of a milestone inspection is to ensure a building's safety through an assessment of its structural components and general structural condition.

In Florida, milestone inspections are required for all condominium or cooperative buildings that are 25 or 30 years of age, with three or more floors in height. The inspections must be conducted by a licensed architect or engineer and must be filed with the local building department by the end of 2024.

The milestone inspection process consists of two phases:

• Phase One: A visual examination of the building's major structural components, including the load-bearing walls, columns, beams, and slabs. The inspector will also look for signs of structural distress, such as cracks, sagging, or deflections.
• Phase Two: If any signs of structural distress are found during Phase One, the inspector may recommend a Phase Two inspection. This more in-depth inspection will involve testing and analysis of the building's structural components.

The results of a milestone inspection will be reported to the building's owner and to the local building department. If any significant structural problems are found, the owner will be required to take steps to repair or replace the damaged components.

Milestone inspections are an important safety measure that can help to prevent structural failures in older buildings. If you live in a condominium or cooperative building that is subject to milestone inspections, be sure to contact your building's management company to find out when the next inspection is scheduled. Or, if you are looking at purchasing a unit in a condominium or cooperative building, be sure and ask if they have completed their milestone inspection. If they haven't, find out when it is expected to be completed.

Here are some additional things to keep in mind about milestone inspections:

• The cost of a milestone inspection will vary depending on the size and complexity of the building.
• The inspection report will be a valuable document that can be used to track the building's structural condition over time.
• Milestone inspections are not a substitute for regular maintenance and repairs.
• If you have any concerns about the safety of your building, you should contact a licensed architect or engineer for an inspection.

Looking to buy a home or condominium on Amelia Island, Florida?

If you are looking a purchasing a condominium on Amelia Island, Fernandina Beach, or the Yulee, Florida area, I would love to put my expertise as a local real estate market expert to work for you.

Start your search for a condominium in Northeast Florida and download a copy of my FREE homebuying guide. This guide details the nuances of the home buying process from deciding the right type of property to evaluating the benefits of home equity, home financing options, and home buying resources in the Amelia Island and Fernandina Beach area.

Next, reach out to me for a FREE home buyer's consultation. I will take time to listen to and understand your wants, needs, and goals for a property in the Florida real estate market. Then, I'll develop a unique property plan for you on how I can assist you with reach your goals and successfully close on the property they want to buy.

ABOUT TOP FERNANDINA BEACH REALTOR COLLEEN GERKE
Colleen Gerke is a Top Producer Realtor in Fernandina Beach, Amelia Island, Yulee and the surrounding Northeast Florida area. Colleen has a top 5-Star rating on Zillow, Yelp, Realtor.com and Facebook. She strives to be the best real estate agent you’ve ever worked with! Whether you’re looking to sell your house in Fernandina Beach, move to Amelia Island, or add a Florida property to your rental portfolio, you’ll have a stress-free real estate experience when you Close with Colleen.

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.