Property Condition Assessments

 

A Property Condition Assessment (PCA) is a survey of a property by an architect, engineer, or commercial building inspector in order to understand the condition of the building. A Property Condition Assessment Report (PCR) is generated and discusses each building system and its condition. Different lenders can have varying requirements regarding a PCR, but a common guide is the ASTM E2018 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process.

The most important part of the Property Condition Assessment Report is the Immediate Repairs table and the Replacement Reserve Table, which helps the client understand how the condition of the building will impact the assets financial performance. Safety concerns usually show up in the Immediate Repairs Table along with failing or damaged building systems, while maintenance issues that can be deferred will be in the Replacement Reserve Table.

Scope

  • Site Assessment
  • Interviews
  • City Building Department

Building Systems Evaluated

  • HVAC Systems
  • Elevators
  • Plumbing
  • Data and Telephone
  • Boilers
  • Electrical
  • Fire Suppression Systems

 

Building Evaluation

  • Foundation
  • Structure
  • Roof Diaphragm
  • Interior Finishes
  • Building Envelope

 

Site Improvements Evaluated

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