Many people take unnecessary risks and ultimately make bad investments by not performing proper due diligence. Whether you’re the purchaser of a property or a broker helping a client, you must learn about the inspection part of the real estate due diligence process so that no items are overlooked. Learning about the inspection is like…
A commercial property inspection is defined as: the process of an inspector collecting information through visual observation during a walk-through survey of the subject property, conducting research about the property, and then generating a meaningful report about the condition of the property based on the observations made and research conducted by the inspector. A commercial…
Here are some guidelines that commercial property inspectors can pass along to their clients to help them prepare for their commercial property inspection. Preparing for a Commercial Property Inspection The client should do the following: 1) Visit the property on multiple occasions and at various times of the day (and night, if possible) before the…
Commercial property inspections are performed for first-time buyers and longtime investors who want to add to their portfolio. It’s one of the smartest decisions they can make during their due-diligence contingency period. Regardless of a client’s experience in buying commercial real estate, the commercial inspection is an investment, and investing should never be done haphazardly…
Specialty real estate inspections are performed on a variety of property types, including self-storage facilities, car washes, gas stations, churches, schools, amusement centers, restaurants, museums, and libraries. Specialty real estate inspections are conducted for different types of real estate transactions and clientele, include building owners, net lease occupants, and commercial property investors. Commercial inspectors understand…
A commercial real estate lease is one of the biggest financial obligations for any company. Whether the client is starting a business that requires a storefront or expanding their business locations, they should always have the physical condition of the property examined by a commercial inspector before entering into or renewing a lease agreement. A…
Retail property inspections are performed on a range of commercial spaces, from small facilities like pad sites and individual suites, to large complexes like malls, shopping centers, and power centers. The clientele for these inspections includes investors, lessors, and current and prospective lessees. Retail markets are competitive for all businesses, both for their product or…
Office real estate inspections are provided for a range of commercial businesses. These include various business professionals, medical and dental practices, tech firms, and more for different types of real estate transactions. Such an inspection can occur before the purchase or sale of a commercial property, or at any time during the lease of the…
A multi-unit residential property inspection is performed for a range of clientele, including mortgage lenders, investors, condominium associations, and property managers, and for a variety of different real estate transactions, or as part of a standard maintenance and repair strategy. Unlike most commercial properties, a multi-dwelling property experiences continual usage as long as the unit…
Industrial building inspections are performed on many types of commercial spaces, including manufacturing facilities (both light assembly and heavy manufacturing), warehouses, flex spaces, commercial condominiums, distribution centers, art studios, showrooms, and similar buildings. Commercial inspectors understand that industrial buildings are dynamic. They encompass many different types of production and storage, and, in some cases, operate…
Hospitality real estate inspections are performed for hotels, motels, resorts, and convention centers for a variety of clientele, real estate transactions, and as part of a standard maintenance and repair strategy. Commercial inspectors recognize that hospitality real estate is dynamic. Such a property hosts and serves guests and its workforce 24 hours a day, 365…
What Is a Triple-Net Lease? A triple-net lease, also referred to as a net-net-net lease and NNN lease, is a lease agreement where the lessee (a single tenant) is responsible for paying the lessor (landlord) on a net-net-net basis for the following: real estate taxes; insurance; and property maintenance. Technically, the lessor owns the building…
Hire a Commercial Property Inspector for Luxury Home Inspection or Estate Inspections Although a luxury home or estate is still technically a residential property, these properties may be designed and built with commercial applications or contain commercial features, such as substantial square footage, multiple HVAC systems, and commercial kitchen equipment. A commercial property inspector is…
A lot can go wrong while you are away or in-between tenants. This periodic inspection is designed to keep you apprised of what is happening at your vacant, abandoned, or partially occupied property and alert you to anything that might require immediate action. This inspection is useful for absentee owners, abandoned buildings, vacation homes, and…
The key to selling commercial real estate or selling commercial real estate fast is having a seller inspection performed on the property. What is a seller inspection? A seller inspection, also referred to as pre-listing inspection or pre-inspection, occurs when the seller of a commercial property is the inspector’s client. A seller inspection is most…
“Green” describes features, technologies and products that increase efficiency in a building’s energy and water usage, help protect the health of its occupants, and reduce the commercial property’s impact on the environment. Green buildings are healthier, more environmentally friendly, and economically smarter than average buildings. Green features: improve energy efficiency; reduce pollution; provide healthier air;…
Standard Accessibility Inspection Service for Existing Commercial Buildings Various laws around the world require public accommodations to provide goods and services to people with disabilities on an equal basis with the rest of the general public. Some of the laws and standards for accessibility include: Americans with Disabilities Act (ADA) Americans with Disabilities Act Accessibility…
Many buildings, including schools, high-rises, health care facilities, hospitals, churches, office buildings, factories, and warehouses are likely to have fire doors. Should a fire occur, the health, safety, and welfare of building occupants and emergency responders depend on the regular inspection of fire doors. The goal of a commercial fire door inspection is to provide…
Thermal imaging, also referred to as infrared scanning and thermography, is used by many energy auditors. It is a technology that allows commercial building and property inspectors to show clients things about a building that no one can show using other inspection methods. Thermal imaging produces images of invisible heat energy emitted from objects and…
So, you’ve moved your business from your home into a retail or commercial space, but now you’re stuck paying rent. Frustrating as it may seem, it may be in your best interests to continue paying for the right to use someone else’s space and let them deal with the headaches involved in ownership. Or, maybe the…
Once you’ve made the decision to move your home office into a commercial space (and have already secured a location – see our other article on Renting Versus Buying), you’ll need to make a to-do and to-buy list in order to make your new office functional, with little lost time for productivity. It will take two…