Property Condition Assessments (PCA) & Property Condition Reports
We perform Property Condition Assessments and Property Condition Reports for lenders and real estate investors. During the Property Condition Assessment, our commercial building inspectors assess the subject property in order to understand the condition of the building. A Property Condition Report is generated discussing each building system and its condition. The most important parts of the Property Condition Assessment is the Immediate Repairs Table and the Replacement Reserve Table, which help the client understand how the condition of the building will impact the asset's financial performance. Our Commercial Building Inspection PCA reports comply with the scope of work specified in ASTM E2018 and includes a comprehensive visual inspection of the building's construction including the following:
Roof condition and remaining useful life
Elevators and conveyance systems
Our Commercial Building Inspections are done by a single experienced building inspector and/or a team of inspectors. While our inspectors are very knowledgeable, our assessments can be enhanced by our network of specialists. We maintain relationships with expert specialists in every building system. The specialist reports can then be folded into our Property Condition Report. Phase I Environmental Site Assessment (ESA) reports can be co-ordinated with our inspection.
TYPES OF COMMERCIAL PROPERTIES
PROPERTY CONDITION ASSESSMENT (PCA)
A commercial inspection can discover:
Improper maintenance or worn systems
Equipment nearing the end of its useful life
Building code violations
ASTM is a recognized leader in the development and delivery of international voluntary consensus standards. Our Commercial inspections are designed in general accordance with ASTM E2018 professional standards and can be customized to meet your particular needs.