Property Inspections
Buying a commercial building is a big investment. Before a purchase is made, a Portfolio Manager or Property Investor may order a building inspection with report that will provide all the information needed to make an informed decision on the potential investment property.
Commercial real estate transactions revolve around return on investment (ROI) and residual value. This is where an inspection comes in handy. An inspection will reveal the life spans of five major systems within the building, including the following:
- Roofing
- Structural Integrity
- Electrical
- Plumbing
- Heating, Ventilation and Cooling (HVAC)
We can help Property Managers or Investors know if the roof or HVAC system will need to be replaced in the coming years, or if electrical elements will need to be upgraded due to a change in building use. A building audit or inspection will provide insight on these questions. Ultimately, a commercial building inspection helps at the time of the purchase and throughout the time of ownership and operation.
Please contact us for a quote today!
Vacant Commercial Property Checks:
For those who own or manage commercial properties, temporary closures due to COVID-19 may have sparked some questions about insurance coverages. Many businesses have been shut down or are having their employees working from home where possible, which means your building could be unoccupied or vacant. When your building is not occupied on a regular basis, you are more susceptible to damages such as fire, vandalism and theft, which can affect how your insurer would handle potential claims.
In general, a commercial property can be considered vacant by an insurance company if it is not occupied for 30 days or more. We can help by performing checks on vacant properties and ensuring that the building and all major systems are in good operations and that no issues are present. Small reports can be provided.
Request a quote for more information and pricing!
