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What is a Real Estate Property Condition Assessment?

A Property Condition Assessment (PCA) is the visual assessment of a building performed to evaluate its physical condition. It is critical to understand the costs, risks, and opportunities related to a commercial real estate transaction.

Typically written to the most current ASTM standard, the scope can go as in-depth as necessary to fit your needs. Once a PCA is complete, it will generate a Property Condition Assessment Report of the building and its condition.

This includes an Immediate Repairs Table and Replacement Reserve Table, which will help you understand how the building’s condition will impact the financial performance.

Determining Cost-Effective Solutions

PCAs focus mainly on maintenance and repair costs and are usually performed to support financing activities. During a Debt PCA (also known as a Baseline PCA), we evaluate the physical condition and provide recommendations on potential future costs incurred during the building’s maintenance.

We carefully examine major structural, electrical, plumbing, and HVAC components of a property, as well as site improvements, for overall condition and identification of immediate repairs.

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Determining Cost-Effective Solutions

PCAs focus mainly on maintenance and repair costs and are usually performed to support financing activities. During a Debt PCA (also known as a Baseline PCA), we evaluate the physical condition and provide recommendations on potential future costs incurred during the building’s maintenance.

We carefully examine major structural, electrical, plumbing, and HVAC components of a property, as well as site improvements, for overall condition and identification of immediate repairs.

Comprehensive Real Estate Maintenance Checks

Our team interviews site personnel, performs document reviews, and conducts walk-through surveys, noting the physical condition of the building systems as well as:

  • Site and Grounds
  • Structural Systems
  • Building Envelope
  • Interior Building Components
  • Mechanical Systems
  • General Regulatory Compliance – Including Americans With Disabilities Act (ADA) and Review of Any Outstanding Building or Fire Code Violations

The PCA report also describes the building’s overall condition and identifies deferred maintenance, deficiencies, or violations observed.

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