Buying A Commercial Building - Inspections Are Not Just For Homes

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Buying a commercial property is usually a major investment. Individuals and businesses that plan to buy a commercial building need to make sure that the investment is sound.  It is, therefore, important that proper commercial building inspections are carried out.

Many people do not realize that investing in commercial properties can be much more complicated than buying a residential property. Typically, residential home inspections deal mostly with how the building will function and how their interior looks. However, with a commercial building the focus is on how much money the building will generate over a period of time.

What are some of the factors to consider when inspecting a commercial building?

1. How will it function in five years’ time?
   One of the main considerations when inspecting a commercial building is the state of the buildings structure and the condition of its fittings. Attention should be focused on five main areas:
   • the electrical system
   • the plumbing fittings
   • heating
   • air conditioning
   • the roof
2. How much income can the building generate?
   Rent money, for example, will be taken into consideration in the purchase cost.
3. Is the building’s location optimal for its intended purpose?

Location can make or break a business. For example, if the business relies on foot-traffic, it should be in an area where people have easy access. Location, of course, can greatly impact on the selling price of a building.

The main difference between a commercial building inspection and a residential property inspection is the amount of work that will need to be done to the building for it to serve its intended purpose. Typically, the internal decorating and fittings are not taken into account.

If you are planning on buying a commercial property, make sure that you enlist the services of a company such as Alliance Home Inspection in Surrey, BC, as they have the expertise in both home and commercial building inspections to ensure your inspection are professionally carried out.