A property condition assessment is an examination of a building's, or property’s, overall physical condition. These inspections are performed by a professional inspector, who will check the property's systems, structure, and components, including the roof, walls, windows, doors, electrical and plumbing systems, and heating and cooling systems. The inspector will look for signs of damage, wear, or other issues that may affect the property's value or safety. The results of these inspections are then documented in a report that can be used by the property owner, buyer, or lender to make informed decisions about the property.

​

Property Condition Assessments

CBC performs equity-level Property Condition Assessments for lenders and real estate investors who are stakeholders with equity in the investment. CBC’s commercial building assessors document the condition of the major building systems and opine on the probable cost to correct any immediate repair needs or life safety issues. CBC follows the ASTM E2018:15 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process.

​

Our assessors will not only provide a detailed Property Condition Report with an Immediate Needs Cost Estimation Table, but they will also consult with the Owner or investors to gain a better understanding of their future intended use for the property. Our team works iteratively with investors to ensure the report is tailored to their needs.

​

Property Condition Reports

Our debt-level Property Condition Reports, also known as a PCRs, provides valuable insights into a property's condition by identifying potential maintenance and repair expenses. These assessments are typically requested for a property purchase or loan refinance and is designed to help property owners understand their expected costs for maintaining a desired level of acceptability during the loan term.

​

These specialized reports have a maintenance focus and include observation of existing materials and their current condition, determining the remaining useful life of items to accurately forecast repair or replacement costs during the loan term. CBC Debt Property Condition Reports ultimately provide a comprehensive assessment to ensure a thorough understanding of the property's condition for all stakeholders.