Before investing any money into a building when you are unsure of its value, it is important to get a detailed study of its condition. The property condition assessments report will enable you to understand the real condition and value of a property, as well as getting information about repairs needed in the near future.

The property is looked at thoroughly from top to bottom and the results are included in a final report. Color photographs are included in the report to show the general condition of the building and problems. It is especially valuable to lenders and investors who want to either loan money for it or to invest in it.

Aspects Considered

When looking at a building to be evaluated, several things are going to be carefully considered. The investigation will first consider the physical condition of the building and its equipment. It will also consider repairs that have been made and how well they were completed. Improvements to the site will be considered, as well as how practical they are to the intended purpose, and how well they meet code.

When making Property Condition Assessments about the condition of the building – it will be evaluated – inside and out. This will include the roof and systems on it, the conditions of stairs, steps, doors and windows. External features will also be looked at, such as the sidewalks, fences, loading docks, landscaping, drainage and more.

All of the mechanical systems will be looked at for compliance and condition. This will include electrical systems, HVAC systems, plumbing, fire suppression systems, lighting, back-up systems and elevators.

The structure of the building will be evaluated for soundness. This includes the foundation, the structural framing, columns and more.

Violations

In addition to the above, the local Building departments will be contacted to understand what kinds of violations have been noted. Understanding what actions were taken to remedy the problems will also be written into the report.

Deficiencies

All observed concerns will be noted in the report. It will also include a list of repairs that have been delayed and maintenance that has been put on hold.

Projected Costs

The report will also include how much each problem will cost to bring it current or to bring it up to code. The cost of basic renovations or repairs that are needed to ensure a better appearance (paint, varnish, etc.) will also be given.

The report will also cover the projected costs involved in providing repairs and bringing maintenance current. Other issues and their costs will also be included so that future costs and other possibly large costs are understood.