Property Condition Assessments (PCA) are an important tool for anyone associated with commercial real estate. The findings are useful when performing or responsible for purchasing, leasing, financing or maintaining commercial real estate.
A PCA is similar to a checkup at the doctor where you obtain a snapshot in time of your building’s condition or “health” with emphasis on any defects that are present or may become present in the near future. Following the baselines set in ASTM E2018, the PCA is broken down into the following sections: property grounds, frame & envelope, interior elements, plumbing, electrical, HVAC, life safety, roof, conveyances and utilities. Utilizing an experienced inspector, we visit the property and visually examine the building’s components both externally and internally as well as any major building equipment. Data is collected on the building and major equipment. Any information that cannot be obtained during the site visit is supplemented with a brief interview with someone knowledgeable on the property.
Once the site visit and interview are conducted, a report is generated with our findings. The first few pages of the report contain a summary of key findings with repair and replacement cost estimates. This synopsis allows for an executive to quickly absorb the findings of the report. For further detail, every component of the property is then displayed in a sectional format with all findings and photographs displayed. Lastly, all major equipment and utility information is displayed in one concise summary page.