A smart buyer inspects every item or product before making a purchase. This quality becomes all the more essential when the purchase is of high value. Similarly, it is a good practice to carry out a thorough building inspection before purchasing a commercial property.
What Is A Commercial Building Inspection?
As the name indicates, a commercial building inspection offers the full picture regarding the condition of the structure. Those looking to purchase or manage a commercial property must seek professional building inspection services before closing the deal.
Conducting a commercial building inspection comes with several advantages. First, it helps assess whether the construction conforms to the local regulations and identifies hidden faults, which may later call for repair or maintenance, thereby causing a financial drain. Second, the commercial building inspection report prepared by experienced professionals could form the basis of your negotiations and will ensure that you pay a sum that is fitting as per the property health.
Most importantly, it offers peace of mind to the buyer as they can be sure that they are investing in a deserving commercial property. It also gives them the confidence that they are making an informed decision regarding the property and prepares them for the expenses in repair and maintenance if any.
Components Of Commercial Building Inspection Report
A commercial building inspection report will have the following elements:
Condition Of The Property
Building inspectors will first test the structural stability and health of the commercial property. They will watch out for red flags like dampness, moisture ingress, gutter leakages, and damage caused to the foundation. Their keen eyes will spot any problem (prevailing or future problems) that may be overlooked by a novice.
Internal or External Modifications
Commercial properties are governed by local building and zoning laws. The building inspector will take note of any internal or external modifications relating to renovation, addition, or removal of elements to the structure and see if they are in compliance with the regulations. Plus, they will also determine whether these changes are legal and are made after following due process.
Advice On Property Management
Based on all their observation, a building inspector will then make recommendations regarding the state of the property and the essential services required by it. As a result, you will have prior knowledge regarding what requires fixing, repairing, and maintenance before you make the purchase.
How To Choose The Best Commercial Building Inspection Services
There may be several companies offering commercial building inspection services online. While having a plethora of options does offer convenience and fair pricing, it can also feed into the confusion of having to make a choice.
Here are a few considerations that will help you choose the best commercial building inspection services provider:
Do Your Homework
There are several ways to get leads on who can get the job done. We normally resort to looking online and on local directories. However, our biggest source of referrals is the people who surround us – our friends and family. In some cases, a reputed building inspector could refer to another one simply because they are more experienced or are experts in the niche or they fit your budget. As a result, you can even spot those individuals offering building inspection services over offline channels.
Shortlist In 1:3 Ratio
Once you have created a list of the commercial building inspectors, it is now time to shortlist them. To qualify a major chunk of the prospects, you can set personalised indicators like reviews, pricing, experience, etc. to shortlist the ones that you wish to work with. Next, you must interview them, either in person or telephonically. It gives you an idea of their attitude towards customer, professionalism, and other qualities. If they fail to win your trust and make you comfortable, they’re probably not a good fit.
Conduct A Background Check
As common in all professions, some commercial building inspectors are also vulnerable to over promise and under-deliver. In order to ensure that you do not fall for such a trap, you must verify the claims and credentials of the shortlisted candidates through their performance history. You could look for pointers like local reputation, certification, affiliation with professional trade organisations, experience, and insurance.
Ask For Guarantees
A building inspector who can give you a written guarantee or warranty indicates their confidence in their skills. A written statement also acts as a safety net to prevent any future shocks and surprises.
A commercial building inspection gives you an insight into what you are getting into. Hence, it is essential to carry out commercial building inspection regardless of whether you are purchasing, renting, or managing a commercial property. Finding a trusted commercial building inspection company takes some time and effort. However, this investment is justified as you will be rewarded handsomely for this decision.