Commercial Real Estate Inspections
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by: RogerFrost | Total views: 33 | Word Count: 488
As a member of NACBI our inspectors represent the best of the best with experience and professionalism for our respective trades. NACBI members follow the industry nationally accepted guidelines of ASTM International for Property Condition Assessments and Infraspection Institute standards of practice for infrared thermal imaging Inspections.
Commercial property and building inspections (also known as Property Condition Assessments or PCA's) are important for clients seeking to know the condition of a property or real estate they may be purchasing, leasing, or simply maintaining.
The PCA has been divided into four steps: Perform document review (drawings, maintenance records, etc.).
Perform a walkthrough survey of the property. Prepare costs for remedies recommended. Document findings and costs in a written report. Few properties are in perfect condition. Like used cars, older properties require maintenance and repair over time. An inspection can clue you in to areas of concern, improve your negotiating position and provide you with an assessment of the current condition of the property for future reference.
Commercial real estate was one of the hardest hit sectors of the U.S. economy during the recession. It is seen as a strong indicator of economic health and how it performs greatly effects the rest of real estate sales. It looks as though this industry is gaining strength due to an important commercial firm showing great growth for this quarter. According to CB Richard Ellis, the world's largest commercial real estate services firm, sales are up 12% to $61.2 million for this economic quarter. This growth has come with business growth in most sectors and especially office space rental throughout the world, including America.
A Phase II ESA is an assessment of a property conducted in accordance with the regulations by, or under the supervision of, a qualified consultant to determine the location and concentration of contaminants on the property. A Phase II ESA is generally undertaken under the following circumstances: If the property is used, or has ever been used, in whole or in part for an industrial use or any of the following commercial uses: a garage; a bulk liquid dispensing facility, including a gasoline outlet; or for the operation of dry cleaning equipment.
If a potentially contaminating activity is identified on, in or under the property during the Phase One ESA. A Phase II ESA is made up of the following five components: planning the site investigation; conducting the site investigation; interpretation and evaluation of the information gathered; preparation of a written report; and submission of the report to the property owner/client.
The Commercial Building Inspector provides inspection services to most of Southern Ontario. With the experience of inspecting Plaza's, Industrial Buildings, Warehouses, Offices, Combined Occupancies, strip plaza's, churches, schools and hospitals, the Commercial Building Inspector can provide the expertise to protect your Commercial Property investment. As a Certified Building Code Official with the Ontario Building Officials Association and an experienced Thermographer in infrared technology your inspection will be detailed and comprehensive.
About the Author
Learn more about Commercial Building Inspections in the GTA and Mississauga. Stop by The Barrie Home Inspector's site where you can find out all about Barrie Home Inspector and protect your Real Estate investment.
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