Inspection Tips and Tools For Commercial Investment Property
A commercial investment property inspection and a home inspection are not the same thing. Chances are, if you’re looking at a commercial property you’re looking to invest a lot of money over a long period of time. That’s why it’s good to refer to our checklist below of what to look for when inspecting a commercial property. We’re going to make sure you’re getting the best bang for your buck.
What Happens During a Commercial Property Inspection
Commercial inspections are used to look at commercial property from both an industrial and longevity standpoint. Inspectors answer questions like, ‘Is it time to replace the roof?’ and ‘How long will it be before a new AC unit is needed?’
Stuff like industrial heating, water, and air should last longer than your typical residential property. Below are some of the most common things that are checked during a routine commercial inspection:
- Roof
- Foundation
- Windows
- Heating and/or Cooling System
- Electrical
- Plumbing
- Drive/Parking
- Parking Lot and Grounds
Advantages
Getting a commercial property inspection has a long list of advantages too. When you get a thorough inspection done, your inspector can help you prepare for your investment costs, evaluate any renovation plans you might have, and help you avoid liabilities.
And above all, an inspector can evaluate whether you’re getting a good deal or not. By looking at some of your main systems, such as an electrical system, an inspector can gauge how long it’ll take before the electrical system gives out, and how much it’ll cost to replace the system. Simply put, in the long run, a commercial property inspection will save you more money than you think.
To learn more commercial investment property tips and tools, contact us online or call (219) 322-4906 for more information.