Special offer

Should you Have an Inspection Before Purchasing a Commercial Property?

By
Home Inspector with WWW.ExecutiveRestoration.Com

 

commercial inspections, home inspectionsWhy You Should Schedule a Commercial Property Inspection before Buying

Any commercial property investment involves an element of risk. Having a commercial inspection provides valuable information at the time it is of most value – prior to purchase.

At its most basic, a commercial building inspection provides a basic understanding of the overall condition of a building. Inspections reduce surprises. In real estate, surprises cost money. A building inspection provides valuable knowledge for purchase negotiations, remodeling and/or renovation and an assessment of system conditions based on fact rather than assumptions. Regardless of whether your primary concern is the roof or the electrical system, an unbiased inspection is crucial.

The professionals at Snell Experts have the training and expertise required to provide accurate commercial property inspections, including:
• Comprehensive “roof to basement” inspections for buyers and sellers
• Exit or pre-lease damage deposit inspections for tenants
• Walk-through pre-bid assessments for potential investors
• Maintenance inspections for property management firms
• Progress and final inspections on new construction

When inspecting apartment complexes, inspectors may look at a sampling of units, every unit, or just an overview of the roofs and common areas. Again, this provides important information to potential buyers, highlighting both major maintenance issues and minor areas of possible concern. Specialized equipment, such as infrared, may be utilized to identify areas affected by leakage or heat loss.

Sometimes, an inspection will be ordered for a leased property. This reassures the individual assuming the lease and provides unbiased information to the property management firm. In this way, all parties to the lease have a shared reference point for the building in question.

Snell Experts handles all types of home inspections across the country. Executive Restoration is your source for any home restoration project and clean up.

 

Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I'm surprised more commercial tenant prospects do not insist on a building inspection prior to lease signing since they often agree to maintain the property and be responsible for components such as rolling doors, etc.

Feb 28, 2011 02:23 AM