Property Condition Assessments
Understanding essentials If you own, buy and sell commercial real estate, it’s important that you understand and follow the baseline property condition assessment process. A thorough PCA, conducted by a qualified field observer, will provide you with the information you need to make fiscally sound decisions about the condition, deferred maintenance items and costs of properties that you own or may be interested in purchasing. A PCA, as defined in ASTM standard E 2008-15, consists of the following steps: Documentation review and interviews; Walk-through survey; [...]