Property Condition Assessments
Commercial Assessments' Property Condition Assessments are performed in accordance with the ASTM Standards of Practice E2018-08. Sometimes referred to as Property Condition Reports, Physical Needs Assessments, Physical Condition Assessments, or Physical Condition Surveys, PCAs are a visual and non-destructive assessment of: the site and grounds, structural systems, the exterior envelope, including doors, windows and signage, roofing systems, mechanical systems, electrical systems, interior components (concentrating on non-cosmetic considerations) and if applicable, pool/spa and components.
Depending upon the size and complexity of the property, Commercial Assessments will assemble an expert team to accurately assess the condition of the property and components. We will complete our PCA within one day, whenever possible.
The purpose of a PCA is to evaluate the performance of the principle building systems. The secondary purpose of a PCA is to assign preliminary capital expense budget line items for observed currently deficient conditions and projected budget line items for elements of the facility which are expected to exceed their estimated useful lives (EULs) within a five-year projection (excluding physical plant expenses associated with normal operations, modifications, or interior finish issues).
Commercial Assessments' PCA report includes detailed descriptions of the existing physical components, observed current conditions in need of repair, immediate repair or replacement cost projections, five-year projection of anticipated major capital costs, and color pictures.
Other services are available upon request in addition to your PCA. Our services include FHA Accessibility Compliance Evaluation, complete research of government records for building or fire code violations on file, and many other services.
Sample Reports
