Investing in a commercial property can set you back quite a bit. Making such a huge decision should involve the right amount of planning. It is also wise to research the property in detail so you don’t lose money. Commercial properties usually involve:
- Commercial mortgage-backed security
- Insurance lenders
- Portfolio lenders
Since most of these departments don’t have a lot of time in hand, conducting a commercial inspection in Cape Coral, FL, for the property before investing is a smart move.
What Does A Commercial Inspection Include?
A commercial inspection tends to monitor four main aspects. This includes the electrical system, the HVAC, the mechanical system, and the plumbing system.
The inspector will check to see if all these systems are in working condition. If not, they will provide an estimate for repairs.
The check will also include inspection for fire safety alarms and sprinkler systems. The commercial inspection also includes checking the exterior of the property. This comprises office building inspection, the outer walls, roofing, parking lot, landscape, and other structures.
In some instances, the inspector may call in a roofing expert if they notice something out of the ordinary.
The commercial property interior is checked for two major components – the local building codes and safety-related risks. This includes observing the bathroom, kitchen space, floor, and walls. These details later come in handy when an interior designer is called in for renovation.
Lastly, the inspector will review the documents such as the certification, permits, floor plans, and provide a full-disclosure report. When put together, this helps determine the value of the property.
The inspection of a commercial building is very different than that of residential space, and there are many details involved. Ideally, a business inspection cost is about 1% or 2% of the property’s value.