Property Condition Assessments

Residential Property Condition Assessments | Commercial Property Condition AssessmentsWhat is a PCA?

Prior to 1999 there was no recognized standard for due diligence building inspections.  In 1999, the American Society for Testing and Materials (ASTM) published E2018-99, which standardized “good commercial and customary practice for conducting a baseline Property Condition Assessment (PCA)”.  E2018-99 was specifically written for commercial real estate and largely intended for commercial real estate transactions.

The PCA is an integral part of the overall due diligence process required in property transfers and re-financing. Often required by lenders, PCAs provide an analysis of a building or facility to help establish a buyer’s risk due to the condition of the facility. The analysis includes architectural, structural, mechanical and electrical systems and exterior elements such as parking structures.

What is the process?

  • Perform document review (drawings, maintenance records, etc.).
  • Perform a walkthrough survey of the structure and property.
  • Prepare costs for recommend remedies.
  • Document findings and costs in a written report known as the Property Condition Report (PRC).

Additional Issues

The following are non-scope considerations that clients may request in conjunction with the PCA process;

  • Structural Pest Inspection
  • Seismic and Sturctural Design Requirements
  • Phase I Environmental Site Assessment (ESA)
  • ADA Requirements

For questions about the PCA process or to schedule an inspection , please feel free to contact us: Call 360-393-0274