What You Need To Know About Getting A Commercial Building Inspection
Most will tell you that buying real estate of any kind is an important financial investment. However, the purchase of a commercial property can have a much more serious impact on your financial portfolio than a home, especially if you are buying it for your business. For example, when you buy a home, you probable intend to pay off the home eventually many years down the road. With a commercial building, however, you need that investment to get paid off quickly in order for the company to be profitable. In many cases, a business owner will be inclined to keep any costs low while keeping profits up. That being said, if the intention is to skimp on the commercial building inspection, you will want to rethink that idea. Foregoing the inspection for any commercial property can come with a very dangerous cost.
Why Is A Commercial Building Inspection Needed?
The purpose of a property inspection, whether that is a home inspection or for a commercial property, is to get a snapshot of the current condition of the property.
After many years in the home inspection business, we have seen things that would make any inexperienced property owner's jaw drop. Neglect, outdated equipment, damage to a building's structure and even cobbled together repairs that present a dangerous situation. These conditions aren't just found in older structures. New construction is just as much in need of inspections as a 50 year old condo building.
Unfortunately, there is no "lemon law" when it comes to real estate. A good property inspection company will catch major defects on a property before you are financially liable for the building.
So, How Much Does A Commercial Building Inspection Cost?
We're sorry, but this is not an answer you can find on a property inspection blog. There are so many varying factors that influence what a commercial building inspection will cost. For example, the older and larger a building is, the more time it will take to perform an inspection. Therefore, it will cost more.
When it comes to getting a good property inspection, quality and experience will win over cost every time. If you get a bargain inspection, but the inspector fails to notice the foundation is in major need of repairs, does it really matter how much you saved on that inspection? A high quality property inspection from Solid Rock Inspections Group will ultimately save you money from major repairs over the long haul.
What Does An Inspection Of Commercial Property Include?
Most inspection companies will address the inspection checklist items that are required by law such as the roof, foundation, HVAC system, etc. However, when it comes to a commercial property investment, we don't believe that is enough to make a wise purchasing decision. A commercial building inspection should look beyond structure. There are several other factors that can influence the condition of the building, as well as your bottom line.
- ADA Compliance
- Building Code Violations
- Land
- Safety Issues
- Potential Profitability
- More
How To Find An Expert Property Inspection Company
It's not a common business practice to highlight one's lack of experience in the property inspection industry. So, how can you determine the difference between a pro and those that are not pros? When it comes to property inspections, the idiom "buyer beware" holds a great deal of truth. It is really up to you as the buyer to do your research in order to determine whether the inspection company you are choosing to work with is qualified to properly inspect the potential property you may be buying.
When Interviewing Inspection Companies, Be Sure To Ask The Following Questions
- Do you use any subcontractors?
- Do you have an inspection guarantee?
- What licenses and certifications do you hold? Can I see them?
- How much commercial property inspection experience do you have?
- Do you have enough experience to locate any building code violations?
- Can I attend the inspection?
- How long will the inspection take?
- Will you provide a written report an will it include photographs?
Call Solid Rock Inspections Group The Next Time You Need An Inspection For Any Business Real Estate
Commercial real estate is not cheap by any means and neither should your commercial building inspection. Remember, whoever you choose as your property inspector, be sure to place their experience and qualifications above price every time. In our experience, putting cost first never really works out.
From new construction to 40 year recertification, Solid Rock Inspections Group is an inspections company you can trust. We are certified in the state of Florida for home inspections, commercial property inspections and mold detection. Protect your business investment today. Call Solid Rock Inspections Group at (727) 386-8627 or contact us on our website here.