When people think of properties, they often don’t think about the intricate details of the structure, but the truth is, commercial property surveyors do. These professionals specialize in evaluating and analyzing commercial properties, which can include anything from office buildings to shopping centers.
Most people are familiar with residential property appraisals, which involves determining the value of a home, but commercial property surveyors do something similar. They appraise the value of commercial properties, but they also go a step further. They evaluate the land, buildings, and other improvements on the property.
The job of a commercial property surveyor involves surveying the entire property to identify any potential issues, such as boundary disputes, encroachments, and zoning changes. They use specialized tools and equipment to gather information about the property, including topography, drainage, and other features that can impact value and safety.
One of the ongoing responsibilities of a commercial property surveyor is to keep up with changes in local and national laws that can impact a commercial property’s value. For example, zoning laws and permit regulations can change quickly and have a significant impact on a property’s value.
In addition to evaluating the physical property itself, commercial property surveyors also assess the local market to determine the best use for the property. This may involve identifying what the market demands for similar properties, such as rental rates or vacancy rates for office space.
Another critical role of commercial property surveyors is to identify potential hazards and safety issues. They may evaluate structures to determine if they are up to code and safe for occupancy, identify environmental concerns, and assess the risk of natural hazards such as floods or earthquakes.
Commercial property surveyors also play a significant role in the due diligence process during a property sale. They evaluate the property to identify any issues that may impact the transaction, such as easements, rights of way, or liens. Their role is to help ensure that the transaction goes smoothly and that both the buyer and seller understand the property’s value and potential risk.
To become a commercial property surveyor, you need to have knowledge and skills in several areas. Most professionals in this field have a background in engineering, architecture, or a related field. They also need to have excellent analytical skills and be good at problem-solving. Attention to detail is critical, as commercial properties can have complex legal and regulatory issues that need to be addressed.
Communication is also an essential skill for commercial property surveyors. They need to communicate their findings to clients, colleagues, and other stakeholders in a clear and concise way. This includes providing recommendations on how to address any issues that may be identified during a property survey.
Commercial property surveyors play a vital role in evaluating and analyzing commercial properties. They are responsible for assessing the value and safety of the property, identifying potential hazards and safety issues, and keeping up with changes in local and national laws that can impact the property’s value. If you’re interested in becoming a commercial property surveyor, it’s essential to have excellent analytical skills, attention to detail, and good communication skills. This career can be a challenging and rewarding one for those who pursue it.
