In the state of California there are some generally agreed upon standards for property inspections. One is from the California Real Estate Inspection Association (CREIA). Another is from, ASTM – The American Society of Testing and Materials. ASTM is considered the yardstick in the industry for commercial and industrial real estate inspections.
ASTM’s guideline includes a description of the acceptable standard
for a commercial or industrial real estate inspection. It outlines many
levels of what can be done. It can encompass everything from review of
documents by qualified professionals such as an architect at the local
Department of Building and Safety to having professionals examine every
system and do detailed reports for these if that is what the client needs.
It also lists out the minimum level – Base Line – for a site
visit and review of a building and the associated parking structure. The
base line inspection is generally the agreed upon inspection. This is
what is done almost 100% of the time.
When you hire Commercial Real Estate Inspectors we look at the site while paying particular attention to the Plumbing, Electrical, Heating and AC, the Structure and Roofing. We also comment on immediate drainage issues. We look for material (meaning of significant importance or great consequence to the property) defects and safety issues. We also comment on the expected useful life of systems per industry standards. We do these from a general visual stand point. You get a written report that can be well over 50 pages of information and pictures that show what we have found.
The amount of information in the report is extensive. It greatly increases the buyer’s knowledge of the building(s) and site and allows for a much more informed decision.
When you hire Commercial Real Estate Inspectors, you also get what we call a
RISK Assessment™. This covers the major systems as listed above and lets you know:
- The expected useful life left in each system.
- What immediate repairs or maintenance is needed or recommended for each system.
- What expenses you should expect to pay over the next five years other than routine maintenance for each system.
The general visual inspection for the vast majority of commercial or industrial sites will give the usual buyer and agent sufficient information to determine if they need or want a specialist to take the examination further in a specific area such as roofing or the HVAC. Recommended further review is most often in the fields of the major systems as listed above.
After many years and thousands of inspections I have personally found that the above fits almost every buyer’s needs. It puts you and your agent in a much more informed position to make your decision as to the best way to proceed.
Go to our website at www.commercialrealestateinspectors.com and see examples of our RISK Assessment.