The Multi-Unit Inspection Fee Calculator can help you determine what to charge for inspecting apartment complexes, condominiums, townhomes, hotels, motels, and other multi-dwelling or lodging properties.
Bids are calculated based on the cost per the size of the property and an additional flat fee per unit. The flat fee per unit accounts for the extra attention each unit requires to perform a thorough inspection, such as assessing HVAC equipment, electrical panels, kitchens, restrooms, balconies, etc. You can customize a fee schedule and store the values in your account for future calculations to more accurately and consistently bid on jobs.
Step 1: Customize Your Fee Schedule
The fee calculator will prompt you to enter the price you charge per square foot for inspecting the entire property. Keep in mind that this will include individual units, as well as any common spaces and accessory buildings (i.e., lobbies, recreation rooms, a communal pool and spa, laundry facilities, event spaces, office spaces, etc.).
Next, the fee calculator will prompt you to enter a flat fee for inspecting each unit. The flat fee accounts for inspecting the systems and components, as well as other features in each unit. For example, you may choose to charge $150 per unit in addition to the fee related to the cost per square foot.
Lastly, the fee calculator will prompt you to enter the price you charge extra (per year) for older buildings and the price you charge extra (per story) for taller buildings.
NOTE: Click the “Save Value” button at the bottom of this section to store the values in your account for future bids.
Step 2: Calculate a Fee
The fee calculator will prompt you to enter information about the property you’re bidding on, including the property’s address, square footage, number of units, building age, and number of stories.
There are several ways to gather this information:
1. Ask your client over the phone.
2. Conduct online research.
3. Search for the property on Loopnet.com, MLS, and Google Satellite.
4. Visit the property:
a. Observe it from your vehicle.
b. Schedule a meeting with the client at the property.
The fee calculator will also prompt you to enter the number of additional services or flat fees to add to the bid, such as travel expenses, specialty consultant fees, ancillary services, etc.
Step 3: Generate the Suggested Bid
The suggested bid is automatically calculated as you enter the subject property’s details in Step 3. Under this section, you can also elect to have the bid details emailed to you for reference to plug into your commercial property inspection proposal.
CCPIA’s Multi-Unit Inspection Fee Calculator will take time to customize to your business. We encourage you to experiment with its settings until you’re satisfied with the prices.
To calculate bids for other types of commercial properties like retail buildings, office buildings, industrial buildings, restaurants, schools, churches, medical facilities, or similar spaces, visit Instructions for the Commercial Property Inspection Fee Calculator.