Technical Due Diligence surveys
Mitigate risks, securing your investment and maximizing your return with professional technical analysis.
Technical assessment for Informed Property Decisions
Hemisphere’s property technical due diligence (TDD) is a comprehensive investigation report of a building or real estate portfolio’s physical and technical aspects. Performed by our professional technical team, alongside with our specialized partners in Property construction and Facility Management, its primary purpose is to identify potential risks and urbanistic/construction issues before a real estate transaction, minimizing uncertainty for potential buyers, investors, or lenders.
Our Technical Due Diligence process
Property Documentation
Analyze the current licensing, technical info, energy certificate, land registry and tax registry. Confirm registered areas against the registered ones and in accordance with Measurements Standards (IPMS) – IPMS for Retail Buildings; IPMS for Industrial Buildings; IPMS for Residential Buildings; IPMS for Office Buildings
Asset Inspection
Structural health of the building, condition of the common areas, condominium maintenance activity, potential safety hazards, existent building amenities, property layout description, equipment features, construction/finishes description and technical survey that will include thermography trials, pressure tests on the water supply, hydrometer inspections for water damages, sewerage inspection and punctual surveys on rooftops.
Technical conclusions & advisory
Disclosure of the trial results, hidden risks and validation of technical assumptions; assessment of required capital investments (short-, medium-, and long-term periods), aligned with the client’s strategic objectives and in compliance with applicable regulations.
Final Report
Delivering a thorough, clear and comprehensive report with detailing the survey process and the final conclusions.
Frequently Asked Questions
Here are some of the most common questions about our TDD services.
What is the purpose of property technical due diligence?
The main purpose of a property TDD is to provide an independent, expert assessment of a property’s physical condition and technical status before a transaction. This helps investors, buyers, or lenders make an informed decision by revealing potential risks and liabilities that could result in unforeseen costs or delays. It provides a solid basis for negotiations by quantifying risks and giving a clearer picture of the property’s long-term value.
Is technical due diligence mandatory for a property transaction?
Is not legally mandatory but it is highly advisable. While not required, skipping a TDD, exposes buyers to considerable risks. The depth and scope of the TDD can be adjusted to fit the specific needs of a transaction, from a limited review of key issues to a full-scale forensic investigation.
What specific areas does a property TDD report cover?
A property TDD report covers a wide range of technical and physical aspects: Structural integrity; Building systems; Regulatory compliance; Environmental risks; Future costs (CAPEX); Documentation analysis.
How does a property TDD benefit sellers or developers?
TDD is not just for buyers. Sellers or developers can also benefit by commissioning a “vendor TDD”. Presenting a clean TDD report demonstrates transparency and provides greater credibility, strengthening the seller’s negotiating position. A TDD provides a realistic assessment of the property’s condition, helping to set a more accurate and defensible asking price.
Interested in technical due diligence surveys?
Hemisphere’s Services
We provide a comprehensive range of independent valuation and advisory services, including:
Market valuation for all types of asset classes in any geographies, providing transparent, regulated and internationally benchmarked valuations across all property types.
Property Valuation
Market or investment value and advisory of a given asset according to its urbanistic classification and/or investment KPI’s, assessing the economic and financial feasibility of any real estate project.
Development Appraisals and Advisory
Valuation and/or advisory of all types of hotel/leisure assets nationwide assessing actual operating figures and/or estimates for a Reasonable Efficient Operator (REO) supported by hospitality partners.
Hotel Valuation & Advisory
Property value intrinsic to the business carried out therein. Market values result from a periodic analysis of all associated costs and revenues, whether perpetual, temporary, or variable.
DCF Valuations (business-driven assets)
We can provide AVM values for residential units using technology that includes our own algorithm based on market comparable and a unique database.
Automated Valuation Model (AVM)