Commercial property owners know that inspections are a critical part of the sales process. A thorough inspection can reveal hidden issues or deficiencies in a property that can impact its value or its suitability for a particular use. Buyers, sellers, and lenders all want to know what they’re getting into before closing a deal. That’s why commercial inspections are so essential. This blog post will discuss what commercial inspectors look for when evaluating a property.
What Commercial Inspectors Look For
The foundation, walls, roof, and floors of a commercial property are the first things that an inspector will look at during an inspection. They’ll check to see if there are any cracks, bowing, or other signs that structural problems may exist. Inspection companies have to make sure that the structural integrity of the property is up to standard to keep the people and environment around it safe.
The electrical system is another aspect of commercial property that is carefully inspected during a commercial property inspection. The inspector will look for proper grounding or bonding, and test all electrical outlets to ensure they work correctly. Electrical systems are needed for lighting, but also for security measures and air conditioning systems.
A commercial property’s HVAC (heating, ventilation, and air conditioning) system is responsible for maintaining an optimal environment. Inspectors will check if the filters are being changed, the thermostats are working correctly, and that there are no leaks in the ductwork. These systems must be in safe working condition because if not, it can lead to health and safety issues, lack of air circulation, and higher energy costs.
The plumbing system of the commercial property is evaluated to examine for any leaks in the pipes that could lead to water damage. The drainage systems for bathrooms and kitchen spaces are also part of the inspection. Smooth and properly functioning plumbing systems are vital for any business operation.
Fire codes and safety regulations are examined by the inspector to make sure the property owner is compliant with all state and local regulations. Inspections for safety measures include the presence of fire extinguishers, sprinkler systems, and fire alarms.
When Do You Need a Commercial Inspection?
If you are considering a commercial inspection, you are probably wondering if it is the right time. Many factors can influence when you need a commercial inspection, including the age of the building, the type of property, and past maintenance and repairs. Here is a general overview of when you should get a commercial inspection.
Prior to purchasing a property
One of the most common reasons for obtaining a commercial inspection is to prepare for the purchase of a property. When purchasing a commercial property, having an inspection conducted is essential to evaluate the building’s structure and systems. This type of inspection also provides you with a detailed report outlining the condition of the property, which can help you negotiate a fair price for the property.
Before leasing a commercial property
Commercial inspections are also useful when leasing a property. Suppose you’re a potential tenant interested in leasing space in a multi-tenant building. In that case, an inspection can help you verify that the property meets your needs by identifying any defects or safety concerns that could affect your business. Similarly, if you’re a property owner leasing space to a tenant, an inspection can help you identify and fix any issues before the tenant moves in, minimizing the risk of tenant complaints and legal action.
When running a business
Commercial inspections are also beneficial for property owners who are running a business in their building. Regular inspections can identify any issues or maintenance needs before they become larger, more expensive problems.
Prior to selling a commercial property
Finally, an inspection prior to selling a commercial property can provide value to the seller by identifying and addressing any structural issues or maintenance needs that could create liabilities or concern for the buyer. The inspection also allows sellers to fix problems before they become a deal-breaker for the buyer.
Commercial inspections are vital when dealing with any property buying, selling, or major renovation. It is very important for property owners to know that they’re in compliance, and that the value of their property is up to par. Commercial inspectors must examine the commercial property from all aspects; not only to make sure the building is structurally sound, but also that safety measures are in place and working properly.