What is a PCA or Property Condition Assessment?
A Property Condition Assessment (PCA) is an on-site evaluation of a commercial building and its associated site elements. It is primarily conducted for clients engaged in property acquisition, leasing, or ongoing property maintenance. The resulting report offers detailed descriptions, identifies deficiencies, and provides recommendations, including estimated costs for the repair or replacement of impaired or failing building systems and safety-related issues.
These assessments serve as invaluable tools for establishing essential budgets and anticipating expenses within the realm of commercial real estate. In some instances, lenders may require PCAs as part of transactions to ascertain the viability of the investment. It is important to note that a PCA report conducted by Inspection Services Group Inc adheres to the national standards established by the American Society for Testing and Materials (ASTM) and complies with Internachi's Commercial Standards of Practice.
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:
- SITE
- STRUCTURE
- ROOF
- EXTERIOR WALLS, WINDOWS, DOORS
- INTERIOR
- MECHANICAL
- ELECTRICAL
- FIRE & SAFETY