Regardless of the size or type of a commercial property, various kinds of maintenance must be performed, including general upkeep, emergency repairs, and special inspections (such as may be directed by an insurance company). But of particular importance for preserving buildings, equipment, and the grounds is preventive (or preventative) maintenance. What is Preventive Maintenance? Preventive…
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…