Technical Due Diligence
Report on the Technical Audit or Technical Due Diligence of a property or project in real-estate transactions.
What is a Technical Due Diligence?
A Technical Due Diligence is the auditing of a building or project to determine its general state.
The main purpose of this is to minimise risks in the transfer of properties. To do so, during the research process for the Technical Due Diligence report, we find out the potential risks related to the ownership of the asset, including:
- If the asset complies with current regulations.
- Salvage value of the facilities and/or buildings.
- Viability of the project for the intended purpose.
- Knowledge of the current and future costs involved in its maintenance.
- Estimate of costs required to start using or operating the property and its adaptation to the market.
Who needs it?
Buyers who wish to know the risks in their investment or investors who wish to identify opportunities.
It is always convenient to know the current state of the property you are going to buy as well as its physical characteristics before buying it. This allows you to estimate the investment required for renovations or upgrades before the property can be used and avoid unexpected expenses later on.
It will also give sellers greater credibility with third parties on the current state of the property and the technical viability of the property depending on its use. The Technical Due Diligence offers the information needed to avoid unexpected expenses and is a solid base to negotiate the transfer of the property.
What makes Gloval different?
Experts with broad expertise and the necessary qualifications for each area.
We have a vast network of qualified experts spread across Spain, which allows us to meet clients’ needs without geographic barriers. We offer a custom-made service adjusted to each client’s needs and based on our professionalism, expertise and constant contact with the client.
How do we do it?
We prepare a technical report with accurate information to assess the costs and technical risks of the investment.
Our expertise in preparing the Technical Due Diligence translates into reports that meet our clients’ needs, including, among other aspects:
- Preliminary analysis of the building’s technical documentation, such as Permits/Licences, Projects, Urban Planning Legalisation, etc. We also gather administrative documents that will affect the property.
- Analysis of the state of the structures, the envelope and distribution, through a visual inspection of the property, examining any pending work if the building work was stopped or the current condition of what is finished.
- Thorough analysis of the state of the installations/systems and the work needed to maintain them.
- Appraisal of the costs and risks of the technical faults.
1. Analysis
Tell us your needs by filling in our form.
2. Order
We will analyse your order and once you approve our quote, we will assign you a technical team and ask you for the documents we need.
3. Report
Our technical team will analyse the technical and administrative documents and all the documents produced during the building work (if it is a property under construction).
We will arrange the dates to visit the property and prepare the report with a multi-disciplinary team.
4. Delivery
We will then send you the report and will remain at your disposal for any doubts you may have.
Frequently Asked Questions
For a good Technical Due Diligence, we need accurate, technical knowledge of the building processes within the real-estate sector. In this regard, the experience and sheer volume of all the appraisals made by GLOVAL make us an expert company in this type of appraisals. The qualified staff who is devoted to preparing this type of appraisal reports depending on the type and use of the property is made up of architects, architectural technicians, construction engineers and agricultural engineers.
It is not mandatory, but it does provide the opinion of a third party who is not involved in the sale/purchase regarding correct and accurate information on the current situation of the property and other aspects like regulatory compliance, deficiencies, suitability of the project, current and future costs, etc.
The more documents you provide on the property, the more accurate will the Technical Due Diligence be. It would be advisable to have documents on the ownership of the property, cadastre references, urban planning documents, technical projects, etc. In any case, we will make the checks needed depending on the scope of the report, such as making enquiries with the cadastre, the land registry, planning authorities, etc.
They trusted us...
Due Diligence and appraisal of non-strategic assets.
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