Buying a commercial building can be a great decision if you’re serious about putting in the work. Don’t think that just because you have an idea for a business, you can walk into any commercial building and start selling your product. There are a lot more factors that go into the process that you must consider.
Here are a few tips regarding commercial buildings:
Electrical
It’s important to understand all the ins and outs of your commercial building’s electrical systems. You must determine your electrical plans for each area of your building, including each individual room, hallway, foyer, attic, basement, parking lot and other outside areas. All the equipment you plan to use needs to be inspected beforehand as well, along with the location of each device.
Plumbing
This aspect of your building will probably not be your favorite but it is still one of the most important. You need to take the plumbing extremely seriously throughout your entire building. One of the quickest ways to have your business shut down and kicked out of the building is by having a faulty plumbing system. Consult with professionals who can assist you throughout the entire process and ensure everything is up to par.
Exhaust System
The commercial fans in your building are just as important as the walls themselves. Not only do they provide ventilation for your whole structure, if properly installed, they can also save you money on energy expenses. Installing electronically commutated motors (ECMs) on a small commercial fan has been known to save approximately $200 a year per fan. Easing back on air conditioning (AC) costs can bring down energy expenses as well — proper commercial fan placement is an efficient way to do that. Demand ventilation controls can reduce the cost to operate your building’s exhaust system by up to 50%.
Fire safety is perhaps the most important aspect of building operations, as lives are at risk. Make sure that the entire building meets proper fire safety requirements and you have enough emergency exits and plans available. If there are any hazardous materials onsite at your building that you must fill out a Hazardous Materials Permit Application.