Buying any type of commercial real estate is a detail-oriented task that requires quite a bit of time and attention. If you let anything slip through the cracks, it could come back to haunt you in the future.
While there are many things you can do to ensure yourself of making the right buying decision, there’s nothing more important than a commercial property inspection.
Once you hire a professional to take on this task, you’ll feel much better about the transaction and the manner in which you move forward.
Here are the basic items that are checked during a commercial property inspection:
- Structural frame
- Site characteristics
- Roof area
- Heating and cooling systems
- Plumbing systems
- Vertical transportation
- Interior elements
- Fire protection
Along with the above, your commercial property inspection company should provide a report full of recommendations. It’s your hope that there is nothing on the report, as this means the property is in perfect condition. However, you shouldn’t expect this to happen. Most buyers find that there are items that need addressed before moving forward with the purchase.
With so much to think about when buying commercial property, including negotiating a fair price, it’s easy to overlook the importance of the inspection process.
Fortunately, once you hire a professional to take on this task, you don’t have to deal with this on your own. You can rely on their advice to point you in the right direction.
As long as you take your time throughout the buying process, you’ll find it much easier to make a confident decision you can live with.
Source: AmeriSpec, “The Baseline Commercial Property Inspection,” accessed March 08, 2018