Hiring a commercial property inspector is an important part of buying, selling, or owning a building. Having relevant and accurate information about the condition of a building can be useful in each of these circumstances:
1. When an individual is preparing to buy a building and wants to know the true status and value of his investment.
2. When a person already owns a building, but wants to know the status of their building, which will allow them to take preventive measures or reassess their investment.
3. When a person is preparing to sell a building and wants to know the true status and value of their investment.
In each of these circumstances, the property owner requires information that can only be provided by a commercial property inspector, which makes the process of hiring a commercial property inspector quite important. Therefore, the tips in this article are intended to help commercial buyers, investors, and homeowners obtain an accurate assessment of their investment to protect and grow their investment portfolio.
Six tips:
1. First of all, it is critical to make sure your commercial property inspector is licensed, be it from National Property Inspectors, the Council on International Codes, the National Association of Certified Home Inspectors, the state, or another trusted standards association. and reputable.
2. Do your research. Social media sites like Yelp and Google Reviews provide unfiltered reviews of commercial property inspection companies. Although business owners can control the reviews that appear on their business website, they cannot control the reviews posted about their business on social media sites like the examples above. These are the best places to familiarize yourself with the companies you are considering; however, don’t let a bad review dismiss a company, seek a general consensus.
3. Find out more! Follow-up of company references. Of course, the references any business owner gives you will have a positive review to share, but they may be able to answer specific questions you have about work styles, principles, and various other concerns.
4. Make sure your commercial property inspector’s equipment is up to date and meets current standards of practice. Advances in technology such as thermal imaging systems have improved an inspector’s ability to identify water and air leaks and should be on your list of requirements. Also, make sure your commercial property inspector has the proper training in using advanced equipment – ask for credentials!
5. Analyze your payment options. Some home and commercial inspectors are small businesses, often family-owned, and may not be able to accept credit cards. If you plan to pay by credit card, make your intentions known up front so that you can decide to choose another company or another payment option.
6. Communicate effectively. Be clear about your expectations for the commercial property inspection and discuss obstacles. Inspectors are not expected to move potentially harmful objects, such as heavy machinery or hazardous materials.
If you are unsure whether to hire a commercial property inspector or not, make the smart choice and go ahead with an inspection. For homeowners, preventive maintenance is always more profitable than repairs, which can also slow down productivity. Plus, whether you’re interested in buying or selling commercial property, an inspection will give you the information you need to accurately evaluate your investments.