How often do you have a building inspection?

[Rashida Akhter]

I'm wanting to understand from commercial property owners & investors. Are you familiar with Property Condition Assessments i.e. building inspection of all major systems of the property? What is most helpful in these reports from an ownership point of view? 

[Steve Morris]

Well, upon purchase, I'd get one.  I've told owners how I'd use them is to set up a schedule of repairs, so you can budget accordingly.

Example if the water heaters are avg 10 years old, better plan in the next 5-10 that all will be replaced.  If roof has 5 economic years left (usually you want a 5 year cert) then budget for that.  You don't want surprises.