Property Condition Assessments
When lenders and real estate investors need Property Condition Assessments, they can count on Comprehensive Zoning Services. During the Property Condition Assessment process, a Comprehensive Zoning assessor evaluates a site to fully understand the condition of the building. A Property Condition Report is created, discussing each building system and its condition. Then, CZS can deliver Recommendations and Discussions and a Physical Needs Reserve Table, which can help clients better understand the current condition of a building and the impact it has on an asset’s financial performance. CMBS Lenders, insurance lenders, and portfolio lenders routinely order Property Condition Assessments (PCA) or Commercial Building Inspections.
Property Condition Assessment Scope Field Work:
On-Site Assessment
Interviews with City Building Department Building
Systems Evaluated: HVAC Systems, Elevators ,Plumbing, Boilers, Electrical, Fire Suppression Systems
Building Evaluation: Foundation Structure or Interior Finishes Building Envelope
Site Improvements Evaluated: Pavement Drainage Landscaping Signage Lighting ADA Access
CZS can also perform an Energy Audit in conjunction with a Property Condition Assessment, identifying how energy efficient a building is and how to increase efficiency and reduce consumption costs.
CZS PCAs meet the requirements of rating agencies such as Standard and Poor’s, while also complying with the scope of work defined by ASTM E2018 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process. Comprehensive Zoning Service’s PCAs discuss all major building systems and site improvements and also identify capital needs and prices for any failing or damaged building systems and life safety issues.
Equity PCAs. When Real Estate Investors want to avoid risk and be sure an investment is safe, they can count on Comprehensive Zoning Services PCA. Each PCA can be tailored to an asset and particular concerns. Comprehensive Zoning Services creates extremely thorough assessments where all major systems are tested and evaluated. Comprehensive Zoning Services can save investors money by identifying major building deficiencies prior to a client taking ownership.And while the CZS team is experienced and knowledgeable, any assessments can be enhanced by the network of specialists we consult with in every building system. These specialist’s reports can then be added into a PCA, creating another level of certainty for investors.