As you look at a building from the outside, note how it is situated on the site. Are the windows positioned to bring in natural light? How about privacy from neighbors? Can residents sunbathe in the backyard without prying eyes invading their privacy? Are the sleeping areas of the units protected from street noise? How do prevailing winter winds (or summer breezes) strike the building? How do these affect resident comfort and energy bills? In North America, a southern exposure with large windows will bring in the winter sunshine and reduce heating costs. Read more here about Commercial Property Security
Safety and security. Do you spot any safety or security hazards? Is the building situated such that residents can enter publicly viewed areas? I once owned a building where entrances to two of the units required residents to walk down a long narrow passageway with a tall fence on one side and a hedge row on the other. Although I never thought about it back then, today I would make sure that that passageway was well-lighted at night. Not only might someone fall in the dark, but the dark walkway could prove attractive to a mugger or rapist. Today, you must reasonably provide for the safety and security of your tenants whether they’re inside their units or walking up to an entryway from the street or a designated parking area. Topography. I once owned a property that was sited slightly below grade. After every hard rain, water fl owed into the garage as if it were transported there by an aqueduct. In addition to drainage, topography will affect the slope of the entrance way to the property.
Even moderate inclines can make navigation up or down difficult during snow and ice storms. Topography also can increase renovation costs and expose a site to greater risk from mudslide or earthquake. Apart from navigating driveways covered by ice and snow, does the property’s site produce any other problems for residents as they pull in and out of the property? Traffic? Does the building itself block a view of whether cars are oncoming. Even relatively slight difficulties of egress and ingress can deter people from renting units in a building-or create irksome feelings among those who do.