Commercial properties can net an average annual ROI of 6% to 12%. However, this ROI can be greatly lessened should the integrity of your commercial building’s aspects fail. Luckily, though failure in a building’s structure and/or facilities may be inevitable, there is a way to mitigate the damage with a commercial building evaluation.
With a commercial building evaluation, an engineer or architect will examine and evaluate all the aspects of a building’s infrastructure. These include areas such as plumbing and roofing. You can then focus maintenance efforts on these areas.
If you’re still not convinced, read on to learn about the other benefits of this service.
Avoid Any Accidents
Issues within a commercial building’s systems can result in more than just inconvenience. They can also cause injury and/or death. For example, an inefficient electrical system can cause a disastrous fire.
In the best version of this scenario, you will only have to pay for minor repairs to your commercial building. In the worst version, you may be unable to restore your property, and any victims of the accident will sue you. Either situation will result in financial loss.
Any professionals you hire to evaluate your building will ensure the building safety levels of your property. Should they find anything amiss, you can solve the issue before an accident occurs.
Understand Maintenance Costs
Getting the best ROI for your commercial sites depends upon a careful balance of earnings and expenditures. The absence of a structural evaluation can make it difficult to determine future maintenance costs. You may find later that you’ve charged too little for rent.
A commercial building evaluation helps you better plan your finances. You can learn how much you’ll need to maintain the building in the future. You can then set your rent rates accordingly.
Helps Create Safe Renovation Plans
Building renovations can increase your ROI. This fact may cause you to consider adding features to your commercial sites. For example, you may want to add another floor or a garden on the roof.
Unfortunately, however, your building may be unable to handle your dream renovation. Without a proper building evaluation, you may not find this out until an accident occurs. For instance, the weight of another floor can cause your building to collapse.
A building evaluator should inspect your building before you decide on a renovation. This professional can make sure that your building can handle your dream renovation. He or she can also make recommendations for other changes you can make.
Get a Commercial Building Evaluation and Other Services From Us
Putting a commercial building evaluation on your budget can be a difficult choice. After all, you can’t see any future losses you can accrue without one. However, you should understand that it’s best not to take any risks.
When you feel that you need a commercial building evaluation, consider hiring our services to fulfill your need. We also offer several commercial building services, including restoration, painting, epoxy flooring, and more. Contact us now when you’re ready to begin your project.