What is Included in a Property Condition Assessment?
Property Condition Assessments
With The BrickKicker Property Condition Assessments, you will feel more confident purchasing or leasing a commercial property for your place of business. We have a full-time dedicated and certified team of inspectors available to help you and your clients with your commercial inspection needs.
The BrickKicker is committed to excellence and being your consultant throughout your commercial property involvement.
Peace of mind
— for both you and your Commercial Clients —
with The BrickKicker!
What is Included in a Property Condition Assessment?Our baseline property condition assessments include:
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Additionally, our trained inspectors can provide optional services:
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What is a Property Condition Assessment?
A property condition assessment (sometimes referred to as a property condition report) is a commercial real estate due diligence project. This in-depth inspection evaluates all aspects of the commercial property to help the future owner understand the full scope of their investment, including the potential risks.
What is included in a property condition assessment? In addition to thoroughly inspecting the building itself, including its overall structure, the interworking systems are reviewed as well, such as the mechanical, plumbing, and electrical systems. Understanding the condition of all interior and exterior components on the commercial inspection checklist helps the commercial investor decide whether or not this will be a smart undertaking.
When Do You Need a Property Condition Assessment?
Anyone looking to invest in a commercial property needs a property condition assessment. Why? This exhaustive report not only illustrates the building’s pros and cons for the buyer, but for the insurer and lender as well. The details of a commercial property assessment will contribute to:
- Negotiations on purchase price: Should major issues be identified, the buyer may be able to negotiate a lower price to make up for repairs, or ask the current owner to make those repairs before purchase.
- Financial planning: In addition to assessing whether or not the property itself is in scope with finances, the buyer will need to budget for whatever findings need attention. This can include immediate repairs and ongoing building maintenance.
- Loan approval: If the property is deemed too risky of an investment, lenders may be resistant to extending financing.
- Securing insurance: Similarly, property insurance rates could be higher if the building is in considerable disarray.
Schedule Your Property Condition Assessment with The BrickKicker!
Every commercial property investor needs a property condition assessment, so request an inspection with The BrickKicker! Our team is specifically trained and qualified to evaluate commercial buildings and properties, helping you purchase your building intelligently. Contact us to get started!