If you're planning on buying, leasing, or maintaining a commercial property, it's recommended that you schedule a property condition assessment with a professional building inspector. Much like a home inspection provides information about a home’s potential needs after the buyer's offer has been accepted, these reports inform potential commercial property buyers of the current condition of the building. Learn more about this process and how it'll benefit you below.

What a Property Condition Assessment Covers

During these assessments, also known as property condition reports, the building inspectors must report any material physical deficiencies or deferred maintenance of the building. This includes everything from overall site improvements to roof maintenance, structural framing, mechanical, plumbing, and electrical installations. Professionals will evaluate the current condition of these areas and include anything that's in poor condition in the report.

On top of the current condition report, property condition assessments also include a list of issues that need to be fixed. For example, they may point out leaks, dead outlets, flickering lights, or sewage blocks. 

How These Assessments Are Beneficial

If you already own or manage a commercial building, an assessment will provide insights into any potential risks that need to be addressed for optimal performance. It also guides you in deciding where you should spend money on maintenance now, rather than continuing to put it off.

For anyone looking to invest in a commercial property, it gives you a better overall understanding of hidden costs, such as required maintenance, that aren't represented in the asking price. Additionally, finding out what kind of work needs to be done will ensure you know whether or not the property is a good fit for the price. Finally, you'll be able to understand any risks that come along with the property so you can address them now to avoid expensive legal damages caused by health and environmental hazards.

 

Whether you’re managing or investing in a commercial property, you’ll benefit from a property condition assessment from the experts at New Home Inspectors in Huntington Station, NY. For more than 30 years, their certified and insured team of commercial building and home inspectors has helped business owners throughout Long Island understand the condition of their properties. They’ll perform a thorough inspection and provide a detailed report so you’ll have the confidence you need to move forward. Call (631) 368-1800 to request a report, or visit them online to learn more about their services.