Commercial Real Estate Inspections
Commercial real estate inspections have a great deal in common with residential home inspections, but there are some significant differences as well. In particular, residential home inspections tend to focus on individual performance issues, such as how long it takes for water to heat up and whether there are sufficient plugs. Commercial real estate inspections focus more on the expected life spans of the major systems within the building: plumbing, electrical, climate control, roofing, and structure.
The Five-Year Rule
As a general rule of thumb, commercial purchasers are interested in how much money they will need to spend over the next five years. Therefore, the focus is on such topics as whether the roof will last at least five years with basic maintenance, and whether the air conditioner needs to be upgraded to attract tenants.
In addition, change of use considerations must be addressed. For example, someone who buys an old retail store and plans to convert it to a bakery may not have sufficient electrical wiring to support the new, heavier load. These capital expenses should be taken into account before the purchase is made.
Calculating Life Spans
Every building is different, and there is no possible way for any inspector to make an ironclad guarantee as to how long a particular system will last. However, a highly experienced inspector with a strong background can use industry standards and the current condition of the existing systems to make a reasonably accurate guess.
Cosmetic and Other Issues
Your commercial real estate inspector will note the condition of carpeting, performance issues such as hot water heater trouble, and other important data on the inspection form. However, the primary focus is not generally on these issues in a commercial inspection.
Nonetheless, your inspector is a highly knowledgeable professional. Feel free to ask for a detailed assessment of any cosmetic or performance issues about which you have concerns. Your inspector will gladly customize your inspection to meet your needs.
Why Should I Choose Same Day Inspection?
At Same Day Inspection, we are proud of our A rating with the Better Business Bureau. We are an established Florida company with a singular mission: to be the industry leader in property inspection while maintaining our top-quality customer service and on-time reputation. We offer a comprehensive suite of inspection services across the state of Florida.
If you are ready to have your home inspected by a local company that you can trust, we invite you to call Same Day Inspection at 877-216-3949 or schedule your inspection online today.