A multi-family investment property purchase can be a source of long-term financial security. A multifamily inspection is an absolute necessity to aid you in decision-making and negotiations during your investment property purchase. A comprehensive building inspection identifies defects or issues and can spare you unexpected and costly repairs.
Benefits of a Multifamily Investment Property Inspection
- Increased negotiation ability during the transaction
- Savings or credit negotiated during the transaction
- Prediction of upcoming expenses
- A detailed list of needed repairs
- Knowing the complete condition of all major systems of the building
- Decreased maintenance and repair surprises
Our Multifamily Investment Property Inspection Includes the Following:
- Mechanical Inspections – Mechanical inspections consist of inspecting the systems that provide comfort to your tenants. Those systems include plumbing, electrical, and heating ventilation and air conditioners or HVAC systems. These systems can be costly to replace and can take up a significant portion of your repair and maintenance budgets if they are in poor shape.
- Roofs – The roof of any building is essential to a solid investment property. Replacing roofs can be one of your biggest replacement items and can make a big difference in your insurance coverage. Make sure you know how much life is left on the roof and if the end of its useful life is approaching.
- Foundations – Solid foundations can make or break your investment. Problems can be hard to spot and easy to cover up. Foundations on older buildings, in particular, can be very costly to repair or replace.
- Unit Inspections – Walking through each unit is critical in determining the property condition and the quality of your tenants. With the new Rent Control laws in California, you want to be sure you are not inheriting problematic tenants with which you will be stuck. We recommend inspecting each and every unit interior.
- Inspection Report - Armed with a comprehensive, detailed investment property inspection report, you can be assured that you know the exact condition of the property before you move forward with your investment.
- Consultation - A consultation with the inspector is always included with every inspection, in case you have any questions or concerns regarding your inspection.
For more information, see the Additional Resources below, or call us at (626) 415-8883. We'd love to hear from you and answer any questions you may have.