Property Condition Reports ASTM E2018 -15
What is ASTM E2018-15?
The American Society of Testing Materials (ASTM) developed a Standard Guide for Property Condition Assessments (PCA) to define good commercial and customary practice for conducting property condition assessments. The guideline is the industry standard adopted by the commercial real estate industry. ASTM E2018 outlines a recommended scope of work, procedures, roles of the involved parties and qualifications of the due diligence inspector/consultant. The use of the guideline is recommended by all major lenders as it clearly identifies good procedures for due diligence reporting. Our Certified Master Inspectors have a background in commercial building construction along with several years of property inspection experience. In addition to our extensive list of credentials, our firm is insured for Errors & Omissions along with Commercial Automobile, General Liability, and Workers Compensation.
What is Included with a Property Condition Assessment?
- A property condition assessment will include all the major components in the building and property.
- Our assessment will provide an estimate of the life expectancy of all the major components, as well as a detailed list of deficiencies with recommendations regarding the upgrades, repairs and replacements.
- This comprehensive and efficient report will also present you with cost estimates for significant items and a narrative description of the current condition of the property.
What will be Inspected?
- Structural Frame
- Fire Protection
- Life Safety
- Interior Elements
- Building Envelope
- Site Topography
- Storm Water Drainage
- Paving, Curbing & Parking
Call us at (561) 570-6311 to schedule an appointment to have your Commercial Building professionally inspected by one of our Certified Master Inspectors.
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