What is a Property Condition Assessment?
A Property Condition Assessment (PCA) — reviews more than 30 major 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 the gold standard for customized building inspections of large commercial buildings. Lenders financing these transactions typically demand a PCR. Our reports conform to widely recognized national standards set by the American Society for Testing and Materials (ASTM), and Standard and Poor’s.
A Property Condition Assessment covers every aspect of a property:
(Including, but not limited to)
- Paving and curbing
- Structure / Roofing
- Plumbing / Electrical / HVAC
- Security / Fire safety / Accessibility
- Regulatory compliance
Our engineers look at every major component and every significant aspect of a property’s physical condition. The comprehensive inspection report our engineers produce details their findings, identifying deficiencies they have found and noting areas of deferred maintenance that may require attention – and may have budget implications – in the future.
A Customized, Client-oriented Property Condition Assessment
Criterium-McWilliam Engineers is not only technically proficient; we are also intensely client-oriented. We don’t simply tell clients what services we offer; we ask them what they need. We know that all building owners, buyers of and investors in commercial property are not alike. Many have developed their own inspection templates to match their unique investment goals and portfolio requirements, and Criterium-McWilliam Engineers is comfortable working within those individualized parameters. We will also work with clients to develop customized inspection standards and protocols that may be either narrower or more expansive than the national standards. Our engineers take these inspection protocols, whether national or customized, as a starting point – a base line that we aim to exceed with Property Condition Assessments that set the industry standard for professionalism and quality. We ask questions and listen from the beginning, so we can exceed our client’s expectations.
Wondering whether a building purchase makes financial sense? The information Criterium-McWilliam Engineers provides in a Property Condition Assessment can help you answer that question. Contact us to tell us what you need and we’ll tell you how Criterium-McWilliam Engineers can help.