{"id":1460,"date":"2018-05-04T14:04:56","date_gmt":"2018-05-04T14:04:56","guid":{"rendered":"http:\/\/genispecprod.wpengine.com\/?p=1460"},"modified":"2018-12-10T13:20:26","modified_gmt":"2018-12-10T18:20:26","slug":"maintenance-work-condominium-2","status":"publish","type":"post","link":"https:\/\/genispec.com\/en\/blog\/maintenance-work-condominium-2\/","title":{"rendered":"Buying a Commercial Building: Inspection Tips"},"content":{"rendered":"[et_pb_section bb_built=&#8221;1&#8243; fullwidth=&#8221;off&#8221; specialty=&#8221;off&#8221;][et_pb_row][et_pb_column type=&#8221;4_4&#8243;][et_pb_post_title _builder_version=&#8221;3.0.95&#8243; title=&#8221;on&#8221; meta=&#8221;on&#8221; author=&#8221;on&#8221; date=&#8221;on&#8221; categories=&#8221;off&#8221; comments=&#8221;off&#8221; featured_image=&#8221;on&#8221; featured_placement=&#8221;below&#8221; text_color=&#8221;dark&#8221; text_background=&#8221;off&#8221; \/][et_pb_text _builder_version=&#8221;3.0.95&#8243; background_layout=&#8221;light&#8221;]\n<p><span style=\"font-weight: 400;\">So you think you have finally found the right commercial building for your business. And you\u2019re convinced that it will meet your needs and permit you to assure the future of your business. Before jumping into the purchase process, however, the Business Development Bank of Canada (BDC) maintains it is vitally important to avoid unpleasant surprises by performing <\/span><a href=\"https:\/\/www.bdc.ca\/en\/articles-tools\/money-finance\/buy-lease-commercial-real-estate\/pages\/buying-commercial-building-dont-forget-about-due-diligence.aspx\"><span style=\"font-weight: 400;\">due diligence<\/span><\/a><span style=\"font-weight: 400;\">. In this context, the inspection of a commercial building is highly beneficial and could have a significant impact on your business decisions.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Why have a commercial inspection done?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Although it is important to choose a<\/span><b> commercial building<\/b><span style=\"font-weight: 400;\"> based on factors such as location, available equipment, and zoning, it is equally important to have the building condition assessed in order to learn about necessary renovations and maintenance to be scheduled .<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pre-purchase inspection of the building is the best way to discover this information.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At Genispec Inspections, <\/span><a href=\"https:\/\/genispec.com\/en\/building-inspection\/residential-structural-engineer\/\"><span style=\"font-weight: 400;\">commercial building inspection<\/span><\/a><span style=\"font-weight: 400;\"> includes all of these elements:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Building envelope (building facades)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Structure and exposed parts of foundations<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Underground parking garage<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Mechanical systems<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Electrical systems<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Fire safety and prevention systems<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Plumbing systems<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">All this, in order to provide you with the best information about the actual condition of the building. What\u2019s more, every inspection report submitted by our inspectors is tailored to the requirements of financial institutions for the purchase or refinancing of your commercial building. The inspection results provided in our reports can have an impact on your company\u2019s business activities as well as on operating costs.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Commercial building inspection could influence your purchase offer<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If the pre-purchase inspection of the commercial building you\u2019re hoping to buy reveals a major weakness or flaw, you can then evaluate whether it is better to cancel the transaction or to negotiate with the seller. In both cases, you will avoid significant expenses because, by negotiating with the seller, you can reduce the amount of your offer to purchase and\/or require the seller to solve the problem.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Commercial building inspection could inform your business strategy<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">With the inspection report in hand, you will be better able to forecast which renovations need to be done and you will be able to modify your projects in accordance with the inspector\u2019s recommendations. This will ensure that building renovations will not hinder the smooth running of your business. Without an inspection report, you risk encountering unforeseen problems that could delay some of your business operations and adversely affect your strategy.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Commercial building inspection helps you predict maintenance costs<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The inspection report also serves as a maintenance guide. This enables you to adequately plan your maintenance budget and to maintain the building in good condition.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Commercial building inspection enables you to ensure safety<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Since certain structural deficiencies could be dangerous for your employees or visitors, knowing the condition of the building means that you will be able to reduce risks and\/or prevent accidents by completing corrective work. As an example, the evaluation of electrical circuits could greatly reduce the risk of fire.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Commercial building inspection is an essential element of due diligence<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">During the due diligence process, which also includes the evaluation of several less tangible aspects, the inspection of a <\/span><b>commercial building<\/b><span style=\"font-weight: 400;\"> provides a thorough assessment of the condition of the building&#8217;s materials and components. Among the non-material aspects to be evaluated are the history of the property in order to be aware of all the liens and obligations attached to it; the security of the income stream from one or more tenants, including a study of their credit histories and payment habits; the insurance policy to see if any claims for damages have been filed, indicating possible construction defects.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">In conclusion<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Now that you have a better understanding of how an inspection fits into the due diligence process when you\u2019re <\/span><b>buying a commercial building<\/b><span style=\"font-weight: 400;\">, you will also understand the importance of using professional inspection services and following their advice.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Genispec Inspections inspectors specialize in the inspection of:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Industrial buildings<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Commercial or semi-commercial buildings<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Condominiums<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Hotels and motels<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Multi-unit apartment buildings<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">By entrusting your commercial building inspection to us you will be protected against numerous contingencies. As a result, you will be free to focus on developing your business, so <\/span><a href=\"https:\/\/genispec.com\/en\/contact\/\"><span style=\"font-weight: 400;\">contact us<\/span><\/a><span style=\"font-weight: 400;\"> without delay.<\/span><\/p>\n<p>&nbsp;<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section bb_built=&#8221;1&#8243; fullwidth=&#8221;off&#8221; specialty=&#8221;off&#8221; _builder_version=&#8221;3.0.95&#8243; background_color=&#8221;#036e8c&#8221; background_image=&#8221;https:\/\/genispec.com\/wp-content\/uploads\/2018\/01\/fd_bleu.jpg&#8221; parallax=&#8221;on&#8221;][et_pb_row][et_pb_column type=&#8221;4_4&#8243;][et_pb_cta _builder_version=&#8221;3.0.95&#8243; title=&#8221;Trust our building engineers&#8221; button_text=&#8221;Request a Free Quote&#8221; url_new_window=&#8221;off&#8221; use_background_color=&#8221;off&#8221; background_layout=&#8221;dark&#8221; custom_button=&#8221;off&#8221; button_icon_placement=&#8221;right&#8221; button_url=&#8221;https:\/\/genispec.com\/?page_id=84&#8243; \/][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p><div class=\"et_pb_row et_pb_row_0 et_pb_row_empty\">\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div> So you think you have finally found the right commercial building for your business. And you\u2019re convinced that it will meet your needs and permit you to assure the future of your business. Before jumping into the purchase process, however, the Business Development Bank of Canada (BDC) maintains it is vitally important to avoid [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"Welcome to WordPress. This is your first post. Edit or delete it, then start writing!","_et_gb_content_width":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-1460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Buying a Commercial Building: Inspection Tips | Genispec Inspections Blog<\/title>\n<meta name=\"description\" content=\"So you think you\u2019ve found the right commercial building for your business. 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