Visually assessing a building's condition results in a Property Condition Report (PCR). PCAs are typically required by the lender in property transactions, however, there are buyer and owner-specific versions.

For the peace of mind that comes with understanding the possibilities, barriers and costs of lending on or purchasing a new property, you need a Property Condition Assessment.

PCAs are usually ordered by the lender during a property purchase to understand the asset's risk profile, but any property or portfolio stakeholder may find the data useful, including:

• Buyers
• Owners
• Facility Managers
• Investors
• Developers

What does property condition assessment encompass?

Property Condition Assessment is the professional inspection of commercial or large residential property for real estate due diligence purposes. The main purpose of the PCA report is to identify and evaluate all the aspects of a physical property to help people decide whether to buy or not, avoiding any potential risk. It also gives a preliminary examination of the building's interior spaces.

• Type I PCA

A qualified and experienced professional or individual engineer who inspects the property exceeds the requirements of ASTM E2018.

• Type II PCA

This assessment encompasses the Type I PCA with more details in the inspection by the experts o the relevant areas like roofing consultants, mechanical engineers, etc.

• Type III PCA

This assessment also encompasses the Type II PCA with details in the inspection by the expert subcontractors and testing of the components, where warranted and approved.

Not all Property Condition Assessments are equivalent. AMA Architects understands that every property comes with its unique challenges and opportunities, therefore we endeavor to understand your objectives and goals first so we can present you with the most accurate information possible to make the best business decision.

FAQs

What is property condition assessment?

Property Condition Assessment is an inspection of commercial or large residential property. The purpose of the PCA report is to identify and evaluate all the aspects of a physical property to help people decide whether to buy or not, avoiding any potential risk.

What is a property condition assessment report?

A property Condition Assessment report is the evaluation of a commercial property based on the inspection. It is mainly ordered as part of the due diligence process when a property changes hands. Property condition assessment services help the buyer or lender understand the property's condition before buying.

How to do a property condition report?

A property Condition Report is significant for the buyer or lender as they get to know about the property's current condition, and it also helps to resolve the damage. For making a property Condition report, you need to do a walk-through survey to observe visually, prepare a written report with all details, and file it online.