What to Consider When Inspecting Commercial Properties

When it comes to inspecting commercial properties, there are certain considerations that must be taken into account. Learn what you need to know about inspecting commercial properties.

What to Consider When Inspecting Commercial Properties

When it comes to inspecting commercial properties, there are certain considerations that must be taken into account. It is essential to follow local security codes to ensure that the business can operate smoothly. The interior of the property must be thoroughly inspected, starting with the basement and mezzanine to check for any issues with rainwater, excess moisture, or mold. Supply and drain lines should be visually inspected whenever they are accessible.

The water heater should be analyzed for any existing leaks and its life expectancy. A commercial property damage inspection checklist is essential for property managers, building owners, and insurance advisors to ensure that no potential problem is overlooked. Property damage can result in significant financial losses if not properly managed and addressed, whether due to a natural disaster, accident, or regular wear and tear. The International Association of Certified Home Inspectors (NACHI) states that the purpose of commercial building inspection is to identify any potential problems that could lead to financial losses. It is important to hire an outside commercial property inspector who has no personal interest in the property, neither the seller nor the buyer.

The inspector should provide a written report that includes a detailed description of the comprehensive survey, a list of documents obtained and reviewed, and any other pertinent information collected during the inspection. Commercial general liability insurance should also be taken into account as it covers any accidental damage suffered during the inspection. The cost of inspecting commercial buildings depends on the size of the property and the percentage of the sales price. For example, larger properties such as warehouses require more time for a thorough inspection, which translates into increased costs. With a commercial building inspection checklist in hand, you can verify that every aspect of your commercial property is thoroughly inspected.