PROPERTY CONDITION SURVEY
Our clients are well informed of the "warts".
When you are considering financing or investing in an existing property, it is essential to obtain a thorough assessment of the property’s condition. There is nothing worse than when a developer or investor purchases a property only to find out shortly thereafter that the roof system is deficient or there are structural issues that must be addressed prior to use. By utilizing the Property and Building Condition Survey method, our clients are well informed of the “warts.”
DCMI’s Property and Building Condition Survey is performed in accordance with the ASTM E2018-08 standard which is the industry baseline method. During our Property and Building Survey, DCMI identifies physical deficiencies that include the presence of conspicuous defects or material-deferred maintenance of a subject property’s material systems, components, or equipment observed during the field observer’s walk-through survey. Subsequently, we prepare an opinion of the probable cost to remedy physical deficiencies within our well-formatted and easy-to-understand Property and Building Condition Survey.
Thorough property investigation includes original construction and subsequent permits, zoning compliance, and Americans with Disabilities Act compliance. Followed by a physical assessment of the structural and core site, exterior and interior systems with an estimation of the remaining useful life of each relevant system, and cost to replace/rehabilitate upon expiration via a ten-year Capital Expenditures. Critical and code deficiencies are also identified during this comprehensive property analysis.
Physical inspection of structural and core operating systems [site, exterior and interior] for critical and code deficiencies with an estimated cost to remedy.
Physical inspection of the structural systems [e.g., foundation and slab, roof] for critical and code deficiencies with an estimated cost to remedy.
Please click here to request a proposal for a Property Condition Survey.