Do you want to charge as much money as possible for the sale or rental of your commercial property? Want to keep productivity going in your building without restriction? If so, you would be wise to schedule regular commercial property inspections.
That begs the question, however: just how beneficial are property inspections for commercial properties? There are numerous benefits to inspecting commercial real estate regularly, and we're going to discuss them in detail below.
1. Catch Small Problems Before They Become Big Problems
One of the most beneficial aspects of regular commercial property inspections is that they enable you to catch small problems before they become big problems. For instance, if there's a water leak in your property, an inspection will help you identify it early in its existence. In doing so, it will ensure that it doesn't spread and thus save you seismic amounts of money in repairs.
There are all sorts of insidious problems that could crop up in this way. Schedule inspections to ensure they don't destroy you financially.
2. Keep Occupants Safe
Another reason to schedule commercial property inspections is that they'll help keep the occupants of the building safe. This includes everyone from employees to visitors and beyond.
For instance, let's say that there's an exposed electrical wire on the premises. This has the potential to shock someone. By facilitating a full-building inspection and maintenance, however, you can catch the exposed wire and thus do something about it before any incidents can occur.
3. Increase Your Chance of Filing Positive Insurance Claims
At some point in time, something's going to happen to your building that triggers you to file an insurance claim. If you don't have proper documentation of the state of your building, however, you might struggle to have that claim approved.
This is why inspections are so important. They help indicate which damage is and isn't your fault. In doing so, they increase your chances of filing positive insurance claims.
Inspections also simplify the claims process, allowing your claim to be processed as quickly as possible. This ensures timely repairs and allows you to use the full extent of your building as quickly as possible.
4. Provide You With Leverage While Selling
Let's say that you decide to sell your commercial property. To get the best price possible, you'll need to have formal documentation proving the building's worth. An inspection will provide this documentation.
So, don't hesitate to doll out some money for annual inspections. Doing so should be seen as an investment, the likes of which could make you a lot more money down the line.
Property Inspections Provide the Knowledge Needed to Optimally Manage a Commercial Property
When it comes down to it, property inspections provide a commercial landlord with the knowledge needed to optimally manage a commercial property. Not only does it help you make repairs before problems become seismic, but it also simplifies insurance claims and the like.
Do you own commercial real estate? Need help managing it? If so, a property management company can assist you.
Looking for a property management company in Atlanta? Look no further than PMI Perimeter. Contact us now to discuss your property management needs!