Reasons for Scheduling a Commercial Property Inspection Prior to Buying
The bottom line is that a commercial building inspection gives the client an overall understanding of the general condition of the building. This allows the client to move forward with business planning, negotiations and remodeling or renovation with a knowledge of current systems. An inspection reduces surprises. When it comes to large real estate transactions that can be a great peace of mind.
For some, that needed knowledge is limited to an inspection of the roof. Others may be more interested in knowing that electrical outlets are safe. Still others want a ceiling to floor laundry list of items, noting the good and the bad. Comfort levels are different, but a thorough, unbiased inspection can usually help point people in the right direction.
GCW Real Estate Services professionals have the training and expertise to do a number of different kinds of commercial property inspections, including:
- Comprehensive inspections for buyers and sellers
- Pre-lease or exit inspections for tenants to protect damage deposits
- Partial inspections of the roof or general structural conditions
- Inspections to meet lender requirements
- Walk-through pre-bid assessments for potential buyers
- Maintenance inspections for property management firms
- New construction progress inspections and final inspections
In apartment complexes, inspectors look at a representative number of units, or all the units, or sometimes just the common areas and the roof. Again, for the buyer, these options help pinpoint possible areas of concern, and overall maintenance issues. Sometimes specialized equipment, such as an infrared camera, helps pinpoint leakage or heat loss areas that help with long term planning.
In some instances, a client may not even be purchasing the building itself. The client may be purchasing the business occupying the building and an attached lease. An inspection in that instance can reassure the buyer that the building is sound and reduce concerns about assuming the lease. It can also make for an unbiased reference for the property management firm overseeing building maintenance, more good information for all parties concerned.