I've been doing Pre-Purchase inspections for 30 years, but when I started doing them for others (4 years ago) I wanted to get a read on what would benefit investors the most.  Using my usual customers I put together a survey, of sorts, asking a few quick questions to compile a list of helpful services.  It was important to obtain information they could make definite use of in the process of making their decision.

            In most cases, an experienced investor doesn't need a standard whole house inspection.  What they do need, before making an offer on an apartment building or other investment property, is a report that helps them figure profitability. 

Initial issues: 

This is a list of items that will need to be addressed immediately.  The list should include an idea of the cost of each item.  Usually overstating the cost is a good idea.  Costing can be achieved by use of a construction estimating publication or on-line.  (If someone would like titles email me)

Maintenance:

This is a list of standard maintenance items that the building and its components will require on a monthly, quarterly, semi-annually, and annual basis.

Turn-over Issues:

What requirements will the investment property have upon the tenant vacating (i.e. paint, flooring, and etc.)? 

            Although, I don't actually do the cost analysis or the profitability statement, I do make it much more accurate than it would have been if I wasn't involved in the purchase.  Since this type of purchase is traditionally not as time sensitive as your normal residential transaction a more thorough report can be submitted to the client.

            Some inspectors might argue that this is beyond the scope of the home or commercial inspector, but I believe that there is no one more qualified to supply this information to the investment client.

Jack Gilleland

Home Inspection Services