You may be ready to invest in some commercial real estate in Florida, but it’s wise to tread carefully as you complete your due diligence. One of the most important steps in this process is the commercial building inspection, which will help ensure you make a sound investment. Evolve Property Inspections is a non-biased third-party participant in your investment, and our goal is to provide you with an accurate overview of the property’s condition. Let’s look at five red flags you should watch for when your commercial property inspection report comes through.
The structural integrity of a commercial building is essential for its safety, longevity, and value. Unfortunately, Florida's extreme temperatures and weather conditions can take a toll on building structures. Commercial building investors should be on full alert for any signs of structural issues noted in the inspection report, such as foundation cracks, sagging roofs, or uneven floors.
Commercial buildings often have flat or low-slope roofs, making them more vulnerable to extreme heat. Any signs of damage, such as missing shingles, pooling water, or visible sagging, could indicate costly roof repairs ahead and even potential damage to the interior. This is something to take into consideration in the negotiation process.
The building's HVAC system will be thoroughly evaluated by the inspector to ensure that it is functioning efficiently. If the system is older or hasn't been properly maintained, that could lead to higher energy costs for the building owner and uncomfortable conditions for building occupants. It would be wise to carefully consider the estimated remaining lifespan of the HVAC system before you invest.
Aging electrical systems and faulty wiring can present a significant safety hazard for occupants inside commercial buildings. In fact, that is why Miami-Dade County established a code requiring buildings to undergo a specific electrical recertification process, depending on the age and condition. Evolve Property Inspections offers level II electrical infrared thermal imaging inspections to satisfy that requirement.
One of the biggest red flags in any building is when there are signs of water damage because this can result in costly structural damage or even mold growth. Unfortunately, plumbing issues are common in commercial buildings, especially older ones. The inspector will check for leaks and water stains as they assess the condition of the plumbing system and fixtures.
You can trust Evolve Property Inspections to help uncover any significant flaws with your commercial investment's essential components. Our certified master inspectors have been assessing buildings for over a decade, and we are meticulous. Contact us today at (305) 506-8969 to request a quote or to schedule your commercial inspection. We serve clients in Miami-Dade County and the surrounding areas of Kendall, Pinecrest, Coral Gables, and Broward County.
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