Commercial properties are referred to those constructions wherein a min of 50% of floor space is dedicated towards commercial activities, such as retail, services, industrial areas, hotels and many others. In other words, a commercial property can also be defined as a construction site that has the potential to bring in income for the owner. These properties may vary diversely from mere tenant space to giant skyscrapers.
With context to commercial properties, these constructions are far more expensive than those residential ones. Dubai is home to magical and gigantic commercial buildings that shelter several local and global business houses. These buildings have been carefully designed and constructed to cater to various commercial needs.
The larger the investment, the greater the risk involved. And when you decide to deal with such high numbers, it's prudent to get a thorough inspection conducted to protect your investment.. As people rightly say, prevention is better than cure. Inspection will answer the pivotal questions of :
Is the property worth the investment or are there many “material” defects identified in the inspection report? Material defects are issues that negatively impact the value of the property or the safety of the occupants, and will usually cost an arm and a leg to deal with. Things such as termite and mold infestation throughout the building, MEP major faults, structural defects, etc.
GTA inspectors' commercial property audit is the solution to all such questions.
What is exactly a condition assessment audit?
A property inspection refers to the systematic assessment, review and report of a building's structures and systems. The check may also include identifying any physical deficiencies in the property that require necessary repairs or replacements.
People often confuse a commercial property inspection to a residential one. However, when we talk about commercial properties, they have their own set of specialized needs and requirements that are certainly more complicated and comprehensive.
Need Of A Commercial Property Assessment-
People may think that a commercial property inspection would be a one-time readiness for a property sale. If the property buyer has any queries before purchasing, the inspection report will help provide vital information on matters the building may need to address and help the buyer to identify issues that he/she may need to undertake after the transfer of ownership. Also, it can help you estimate the property's rental value and other overhead expenses during a rental agreement.
During post-covid times, when people are moving back towards their workplaces, this has again led to the rise of business properties gaining the attention of beholders. But these properties are the same ones locked up for the past several months due to the coronavirus pandemic.
Closed doors demand repairs and maintenance work like checking water pressure, gas leaks, insect, mold, and termite infestation. Therefore, a Commercial Property Inspection will help the premises' informed safety and maintenance programme. The report shall give the facility management team the information to forecast and budget for the future expenses and costs;
An inspection shall include a walkthrough survey of the different areas of the premises to pinpoint any deficiencies in the property or shortcomings in the documentation reviews, all of these crucial aspects will then be included in the final property condition report.
GTA Inspectors, one of the leading Dubai snagging companies, specialize in carrying out the critical assessment of your commercial properties by including a thorough inspection that includes factors such as - utilities, drainage, parking, landscaping, MEP’s, structural,, and many others.
This overview and its subsequent report will also include structural scrutiny of the building, i.e. its electrical and mechanical criteria for encompassing heating, plumbing, ventilation, insulation and cooling. During a property inspection, our Inspectors will be taking images and videos that assist in fulfilling the assessment process.
Are you looking for a perfect property analyst or consultant who can make your commercial property hunting the most pleasant, budget-friendly, qualitative and result-oriented experience?
You are indeed in the right place!
Your potential commercial properties are just a step away when you have our certified and experienced property inspectors at your service.
With assured, unbiased and honest feedback coming your way, you can be assured of quality property service in return for your precious time and trust. Connect with us now.
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