Property Condition Report
A comprehensive property condition report (PCR) is your key to understanding the condition and long-term maintenance costs associated with any prospective or already owned/occupied building. Whether you are purchasing, leasing, or managing such an investment in commercial real estate, we will perform an ASTM-compliant (e2018-15) property condition assessment (PCA) and thorough inspection to help inform your next move.
Components of a Commercial Property Condition Report may include:
- Structural Assessment: Evaluation of the building’s structural components such as foundation, walls, roof, and floors to identify any signs of damage or deterioration.
- Mechanical Systems: Inspection of HVAC (heating, ventilation, and air conditioning), plumbing, and electrical systems to ensure they are functioning properly and meet current codes and standards.
- Environmental Concerns: Assessment of environmental factors such as asbestos, mold, lead paint, or other contaminants that may pose health risks or legal liabilities.
- Life Safety and Code Compliance: Verification of compliance with building codes, fire safety regulations, ADA (Americans with Disabilities Act) requirements, and other applicable standards.
- Site Conditions: Examination of the property’s exterior areas, including parking lots, sidewalks, landscaping, drainage systems, and any other site features.
- Documentation and Recommendations: Compilation of findings into a detailed report with photographs, diagrams, and recommendations for repairs, upgrades, or maintenance actions.
- Immediate Repairs Table and the Replacement Reserve Table. This table is provided in the PCR and helps the client understand how the condition of the building will impact the asset’s financial performance.
Overall, a Commercial Property Condition Report provides stakeholders with valuable insights into the condition of the property and helps them make informed decisions regarding purchase, sale, leasing, or investment.