Office Buildings • Apartments • Strip Centers Warehouse • Industrial/Manufacturing • Condominium Reserve • Studies
Purchasing • Investing • Selling • Rehabbing • Lending • Due Diligence
ASTM E 2018 is the accepted standard for the baseline commercial property condition assessment. This is the standard upon which we base our commercial property inspections.
Based upon the needs of the client the standard may be modified to include such items as dismantling and operation of key systems, maintenance schedules and costs to replace systems at the end of their life cycle. All of our property condition assessments follow the baseline property condition assessment process as outlined in the ASTM E-2018 standards unless deviations are previously discussed and mutually agreeable.
One of the stated goals of the assessment per the ASTM Standards is to identify and communicate physical deficiencies including defects and deferred maintenance including the cost to remedy items over $3,000 or $10,000 in aggregate.
The process involves document reviews, personnel and vendor interviews, followed by a “Walk-Through” survey conducted by a qualified field observer. The results of the “Walk-Through” survey are then reviewed by a qualified PCR reviewer who combines it with the document reviews, interviews and established cost estimates, to generate a complete and comprehensive Property Condition Report.
We have the flexibility to custom tailor your assessment for your project, budget, client and situation.
A detailed commercial property inspection will help you to understand the current condition of the property, the life span of its systems and budget accordingly for maintenance, repair, and replacement items-older buildings can be especially problematic in this area.