Multi-unit Investment Over Property Overview:
A client approached HPRe+D to conduct a Roof-to-Cellar inspection for their newly acquired multi-unit investment property in Harlem. The property, built in the early 1900s, had been maintained inconsistently by previous owners. The client wanted to ensure that all units were in good condition and that no hidden issues would lead to expensive repairs down the line. They enlisted HPRe+D’s comprehensive inspection service, seeking a detailed report on existing conditions, recommendations, and cost estimates for necessary repairs.
KEY SERVICES PROVIDED
Roof-to-Cellar Inspection: Our team conducted a meticulous inspection of the entire building, from the roof down to the basement, including all units and common spaces. Key areas of focus included:
Roof Inspection
Water Intrusion Risks
HVAC and Plumbing Systems
Roof Inspection
Findings and Recommendations
● Roofing Repair: Immediate attention was required to replace worn roofing materials and clear and refasten the gutters to prevent water damage.
● Waterproofing: We recommended sealing cracks in parapets and window frames, along with applying waterproofing materials to vulnerable exterior walls.
● HVAC and Plumbing Upgrades: We advised repairs to the HVAC units and replacement of aging plumbing components. The sump pump was recommended for immediate replacement to prevent future flooding.
● Metal Gate Repair: The rusting gates required sanding, rust-proofing, and reinstallation to ensure the safety and security of the building.
Estimates and Action Plan
After preparing the report, we created detailed cost estimates for each repair and upgrade. The estimates were categorized by priority to help the client make informed decisions based on their budget and urgency of repairs. The client appreciated this clear breakdown, which allowed them to prioritize the most critical repairs first.
Outcome
By opting for HPRe+D’s Roof-to-Cellar inspection, the client was able to identify multiple potential issues that, if left untreated, could have led to costly repairs and tenant complaints. The client swiftly acted on the most urgent recommendations, addressing water intrusion risks, repairing key systems, and improving the property’s overall safety and function. As a result, the client not only saved on potential future repair costs but also ensured that their investment property was better protected for the long term. The peace of mind provided by the inspection allowed them to focus on managing their investment, knowing that the property was in optimal condition.