What Does the Commercial Inspection Process Look Like?
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Report
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Commercial Property Maintenance and Investors
When investing in commercial real estate it is essential to examine all the information pertinent to the value of the investment. The importance of the relationship between maintenance and the long-term value of the property is often not given enough attention. Maintenance is an important part of the long-term profitability of a commercial property. Proper maintenance is essential in keeping commercial properties and their components in good working condition.
Preventive, predictive, corrective, deferred, emergency, and call backs–as well as direct and indirect maintenance activities–are all part of the proper maintenance for a commercial property. Evaluating maintenance’s impact on property value–which is often overlooked in favor of saving money–is also a part of proper maintenance. If the maintenance program is driven by corrective or deferred maintenance, the result is unplanned downtime and high expenditures for repair or replacement. This emphasizes the importance of a preventive (or preventative) maintenance (PM) program.
Most investors look at the cost of operating the property for the prior fiscal year, taking into consideration any maintenance or replacement expenditures on major components, as well as, looking at capital improvements in the past five years. However, this does not capture the full picture of the actual condition of the property and its components. Part of the due diligence process in considering a property for purchase includes a physical inspection of walking around and inspecting the inside and outside of the property.
This is when a Commercial Property Inspection can provide an overall evaluation regarding the true condition of the property. The inspection will provide an objective view of the overall status of the property’s physical health and identify areas where maintenance has been deferred and/or neglected. This knowledge will enable the investor to properly plan and project a PM program and other maintenance-related expenditures that will help to ensure a solid return on their investment.
Trust your next Commercial Property Inspection to John Boveri, Certified Commercial Property Inspector, with experience.
Check Out a Home’s Commercial Property Inspection Services are conducted by its parent company, JMB Property Resources, LLC. The inspector, John Boveri, has over 18+ years of experience in managing and assessing the maintenance of commercial properties including 40+ retail centers. He has extensive experience in the area of preventive maintenance planning and has successfully formulated cost-effective budgets which included addressing unique situations with creative solutions that contained costs. John’s extensive knowledge brings valuable insights into the inspection process resulting in a more comprehensive evaluation.
Proper Maintenance Protects Property Values™
What We Inspect
Our inspection services conform to the International Standards of Practice for Inspecting Commercial Properties (ComSOP) and The American Society for Testing and Materials (ASTM). A visual inspection of the following readily-accessible elements will be assessed during the walk-through survey:
- General Topography & Parking Area
- Exterior Elements & Landscaping
- Foundation & Structure
- Roof & Drainage & Penetrations
- Decks & Balconies
- Doors & Windows
- Interior Finishes
- HVAC
- Plumbing
- Electrical
- Insulation
- Storage
- Cooking Area
- Life Safety
- Fire Protection
Commercial Property Standards of Practice
We inspect the property according to the International Standards of Practice for Inspecting Commercial Properties.
Easy to Read Reports
High-quality images in HTML and PDF formats.
Email Delivery
We will send you an email with a link to the report.
Mobile-Friendly
Our modern reports can be viewed on your phone or tablet.
Opinion of Cost
Upon request, JMB Property Resources, LLC, (JMB) can provide an Opinion of Cost for recommended repairs including replacement and unit costs based upon a combination of construction cost guide data, JMB’s experience, and discussions with property managers, facility engineers, and/or individuals who are familiar with the local market.
Generally, repair or replacement items that total less than $1,000 are considered routine maintenance items and are not included in the itemized list of recommended repairs or as immediate needs, unless they are associated with a regulatory compliance, safety issue, or in the opinion of JMB have the potential to significantly impact the marketability of the property to prospective tenants or purchaser.
Useful life estimates of components are based on published sources, industry standards, and JMB’s professional experience in evaluating life and performance of elements, components, and systems. Expected remaining useful lives for the building and components assume the current level of maintenance and capital improvements are maintained and the recommendations in this report are implemented.