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Property Condition Assessment
An ASTM Property Condition Assessment or ASTM PCA is a specific
kind of due diligence, pre-purchase, pre-lease, or post-lease
inspection, performed in accordance with specifications
developed by the American Society for Testing and Materials
(ASTM). This assessment is an evaluation of building systems to
assess their physical condition, general code compliance,
capacities/adequacies, repair and maintenance issues, and
identification of potential environmental contaminants. The ASTM
PCA assessment includes:
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Review of government records
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Review of building
specifications and drawings
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Walk through survey
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Overview of the building's
major systems (HVAC, MEP, etc.)
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Recovery and deferred
maintenance costs evaluation
Property condition
assessments are critical to entities involved with the purchase
or sale of properties and buildings, as well as lending
institutions looking to provide a mortgage to a purchaser. Our
team’s unmatched experience has delivered high-quality property
condition assessments to clients from consultants to
contractors, lenders to developers, and so many more.
We excel at
performing property condition assessments for commercial and
industrial facilities and are able to provide our client with an
evaluation of the conditions of the various elements of an
existing building or property. Our team follows all standards as
outlined in the American Society for Testing and Materials
guide.
EDI can evaluate
everything from electric and HVAC systems, plumbing, site
characteristics, structural elements, interior finishes, ADA
features and roofing. We project any anticipated costs that may
be incurred in order to upgrade or replace systems and bring the
building into code compliance.
EDI is also unique
in that it has the in-house capability to perform both property
condition assessments and environmental due diligence
assessments simultaneously. This combination allows us to
perform a full evaluation of the building and property.
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