What is a PCA or Property Condition Assessment?
A Property Condition Assessment or a PCA is an onsite review of a commercial building and site elements for clients purchasing, leasing or maintaining property or real estate. The report provides descriptions, deficiencies, and recommendations. It also includes probable costs for repair or replacement of damaged or failing building systems or safety issues.
These are very important tools for identifying key budgets and expenses for commercial buildings. Lenders sometimes request these for transactions to determine if the investment is worthwhile. A PCA report from the Inspection Services Group Inc conforms to national standards set by the American Society for Testing and Materials (ASTM).
How can a PCA Help Commercial Property Investors?
Our Inspectors provide our clients with a comprehensive report which details their findings. Such report identifies deficiencies they have found during the onsite walkthrough and noting areas of deferred maintenance that may require attention – and may have budget implications – in the future.
The assessment gives investors, buyers and the owner valuable information about the likely cost of ownership, and may become a basis for further purchase price negotiation. When severe problems are identified by the PCA, buyers or investors can save thousands of dollars in unanticipated repairs.
As important as a PCA is prior to a purchase, it is not the only time you may want to invest in one. A PCA can also provide valuable information when:
- Determining whether to renovate, sell, or demolish a facility
- Allocating resources across a large portfolio of properties
- Creating safety and maintenance programs for your properties
- Assessing the value of a property you own
- Forecasting and budgeting maintenance expenses
Clients can schedule regular PCAs over the expected useful life of their facilities, in order to stay ahead of maintenance. This helps them to save money by ensuring routine maintenance is not delayed and enables them to budget for these expected costs rather than having to scramble when a system or structure fails. It also creates safer conditions for occupants.
We also offer expertise from outside contracted professionals in respected areas such as electrical and commercial HVAC.
Your PCA will cover:
- EXTERIOR WALLS, WINDOWS, DOORS
- FIRE & SAFETY