If you’re planning to invest in a commercial property, it is important to have a property inspection to identify any problems that could affect its value or safety.
Now you may be wondering, what does a property inspection include?
As a trusted commercial property inspection company, we at LiteHouse Commercial will follow the International Standards of Practice for Inspecting Commercial Properties (ComSOP) – the industry-accepted commercial inspection guidelines and a proven process and system.
As a baseline, the assessment includes the following services:
Walk-Through Survey
This is the portion of the service where our inspector thoroughly visually examines the property’s physical condition.
The assessment is focused on the building’s critical systems and components, including the following:
● heating and ventilation systems;
● cooling system;
● plumbing system;
● mechanical and electrical systems;
● roof surface, drainage, and penetrations;
● exterior elements and fixtures;
● general topography of the building site;
● parking areas and sidewalks (to check for barriers to accessibility);
● wood decks and balconies;
● basement, foundation, and crawlspace;
● doors, windows, and interior;
● life safety components;
● kitchen area, including storage; and
● other site-specific areas of concern.
Depending on the scope of the project, our commercial inspector may use a team of specialist consultants who provide expertise in relevant areas during the walk-through survey.
Document Procurement and Review
Our commercial inspector requests and reviews documents and records about the property for this portion of the service.
Some relevant documents may include:
lease agreements
Certificates of Occupancy
repair invoices
and maintenance records
We will also interview the person(s) with the most knowledge about the condition of the building. Many potential deficiencies can be identified in a building this way and in reviewing its history.
Inspection Report
The final product of our commercial property inspection is the written report.
It will contain concise details from the walk-through survey, documents procured, the results of interviews conducted, and any other third-party reports ordered as part of the commercial property inspection.
The inspection report will basically include a detailed summary of the inspector’s findings.
This will provide you with an inventory of the building’s major systems and components and an evaluation of their functional and physical condition.
These findings will highlight the property’s strengths and potential deficiencies, along with deferred maintenance issues.
This can be used to understand and address the issues that will impact the building from a physical standpoint and financial perspective, as well as the health and safety of the building’s occupants.
Schedule a Commercial Property Inspection Today
Commercial property inspections are an important part of purchasing, selling, or investing process.
At LiteHouse Commercial, we offer high-quality commercial property inspection services that help you make sound decisions.
By understanding what is a property inspection and what to expect, you will be prepared and make the most out of the inspection process.
If you're ready to schedule a commercial property inspection, contact us today, and let us discuss the specific needs of your project.