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A properly developed due diligence
program can yield significant cost savings to buyers in terms of
liabilities avoided and
cost adjustments to a particular
transaction if information from the due diligence investigation is
used properly
and in the early stage of the transactional process.
DUE DILIGENCE PROPERTY CONDITION ASSESSMENT
with Opinion of
Probable Costs
 |
Inspection Today ---
Wednesday, March 10, 2010
report on your desk next week |
We make due diligence simple...
We provide every due diligence service
that you need - every form of environmental assessment and also
property condition assessment including comprehensive building
structure and systems inspection - and estimate of probable cost.
We'll customize any service to meet your needs and budget and we
work in every city and town in the USA. Whether you have
just
one property or dozens across the country, we're ready to serve
you with every due diligence service that you'll ever need.
Whether you're planning to buy, lease, sell or lend on one
building in your home town or dozens of properties from coast to
coast,
our business model will work for you. We offer
personal service: Call for a quote and the person you talk
to is the person who will perform your inspection and assessment
from start to finish. He'll be where and when you need him,
every time you call.
Property
Condition Assessment
We offer Property Condition Assessment and very thorough
Commercial Building Inspection and
Industrial Building Inspection including structure, building envelope including roof,
sidewalls and doors and windows; interior finishes including
floors, walls and ceilings; mechanical, electrical, plumbing,
HVAC; fire suppression and life-safety systems. Our
comprehensive inspections also include the property: walks, roads,
drive and parking areas and landscaping including storm water
runoff and drainage. In addition to current
condition we can estimate remaining useful life expectancy of
important components and systems, provide optimum maintenance
protocols, recommend upgrades for energy efficiency and cost
savings and prepare cost estimates for required near-term repair
and replacement. This information is all developed for your
use; we provide you with all the information
that you, your
attorney and your lender need to structure a favorable real estate
transaction, or to develop short-term or long term forecasts for
property you currently own or
lease.
Property Condition Assessment can be as limited or as
comprehensive as you require and will typically include assessment of
most of the following:
- Structure – concrete, steel and wood
components
- Roof system including surface material,
condition, age and remaining useful life
- Building envelope – roof and sidewalls
including windows and doors
- Interior finishes – floors, walls and
ceilings
- Heating, ventilation and air conditioning
- Electrical system and components
- Plumbing system and fixtures
- Fire suppression and life safety systems
-
Landscaping including planted and natural areas
-
Hardscape - walks, roadways, drives, parking areas
- Storm water drainage
Contact Us
CONTACT OUR SENIOR INSPECTOR DIRECTLY
CALL
NOW
Edward Devine
(585)
738-5080 Report
Standards
Our
Property Condition Assessment (PCA) is designed to meet or exceed
ASTM E-2018-08 Standard Guide for Property Condition Assessments:
Baseline Property Condition Assessment Process. One of the major differences between a Due Diligence Property Condition Assessment
and a Comprehensive Commercial and Industrial Building Inspection is
the inclusion of Opinions of Probable Costs to Remedy Physical
Deficiencies. While many real estate buyers, investors,
lenders and attorneys require the dollar cost to repair or
otherwise return a property to good safe functional condition
this information is not typically included in Commercial and
Industrial Building Inspection protocols but is included in
Property Condition Assessment.
Customized
Inspection
ASTM E-2018-08
Standard for Property
Condition Assessment allows for a variable level of due
diligence. Not every property warrants the same level of
assessment which allows us to customize your report consistent
with good commercial and customary practice based in part on your
purpose for ordering PCA; type of property, age of the
improvements; your own expertise and risk tolerance and time
available to receive and review your Property Condition Assessment
Report. As with any due diligence service is to your advantage to
contact us to discuss your needs as soon as possible. Based
on the level of assessment that you require, the more time we have
to plan, the more comprehensive information we can provide.
ASTM E-2018-08
Standard for Property
Condition Assessment: Baseline Property Condition Assessment
Process is conducted according to the following Scope of Work:
-
Walk-Through
Survey - Observation and limited testing of each system and
component and physical deficiencies, if any. A general
description of tenant-owned equipment is also included.
-
Document
Reviews and Interviews - Review of available documentation can
include building plans, service records and certification of
required periodic inspection and testing such as boiler
inspection, sprinkler system inspection, fire alarm system
inspection and recharging fire extinguishers. Facilities
management and/or maintenance personnel are interviewed.
-
Out
of Scope Items - this is one of the customizable features and
also includes observations of unexpected or previously
unidentified conditions such as structural repairs, repaired
or unrepaired fire damage and evidence of removal of hazardous
substances such as asbestos that may have left dangerous
particulate in the air.
-
Opinions
of Probable Costs - Identification of material physical
deficiencies and suggested remedies along with opinions of
probable costs.
Your
Due Diligence Budget
We
will work with you to design your Property Condition Assessment to
meet your needs and budget. While too little information
will not suit your purposes we work hard to not over-design your
assessment to keep assessment costs in line. You can be
assured that every assessment we do will include some information
that you weren't expecting because we approach each assignment
with a 110% attitude - we are committed to providing superior
value.
Our
Qualifications
Our Senior Inspector is uniquely qualified to
the task of Property Condition Assessment. With university
degrees in architecture, engineering and post-university training
in commercial and industrial building inspection as well as 24 continuous years of
experience in all 3 disciplines you can expect a broad and
in-depth assessment and report. While architects, engineers
and building inspectors all approach a property from slightly
different perspectives, our senior inspector is uniquely qualified
to view your property from all three perspectives.
What can we do for you?
We will meet or beat any local or
national provider's price for the same combination of services.
We respond promptly and work quickly to produce expert,
professional reports. We have more than
24 years experience
and have delivered nearly
15,000 inspection and assessment
services. You do the math - we're the
1 source for all your
due diligence requirements. Call our number now
585-738-5080.
Ordering
Information
Whether you require only a baseline report or much more, Due
Diligence Property
Condition Assessment is customized to meet your own
specific needs and requirements, based on the recommendation of
your real estate attorney and requirements of your lender. PCA can
be expanded to include additional items from our proprietary protocols
for Commercial
Building Inspection and Industrial
Building Inspection such as repair and replacement costs,
life cycle assessment, forecast of future maintenance including
recommended schedule suitability of the building and property for future renovation and
addition and more.
Contact Us
CONTACT OUR SENIOR INSPECTOR DIRECTLY
CALL
NOW
Edward Devine
(585)
738-5080
You can also request a quote
or more information by
email
and we'll respond promptly.
Cost Savings
Remember that a complete due diligence
process includes environmental assessment. Phase 1 Assessment
is indicated for most properties but the lower cost and fast (1
week or less!) Environmental Records Search and Risk Assessment is
appropriate as a preliminary report for many properties and may be
all that you need for "low risk" properties.
We're
Phase 1 Environmental Assessment experts. Order any
Environmental Assessment product as part of your Property Condition
Assessment and we'll discount each service. See our Pricing
Policy below.
Environmental
Site Assessment
Complete
information available at Phase
1 Environmental Assessment
Most
banks and other lenders now require environmental assessment prior
to loan approval for your protection as well as their own.
Hidden environmental contamination can render a property useless
and the potentially high cost of environmental cleanup and
personal and property injury claims can be financially
devastating.
Since
the enactment of the Comprehensive Environmental Response
Compensation and Liability Act (CERCLA) in 1980, the commercial
real estate industry has had to deal with the harsh reality that a
current owner OR
operator of a contaminated property could be held responsible for
cleanup of the contaminated property - regardless of whether the
owner or operator had anything to do with causing the
contamination. Congress enacted the Superfund and Reauthorization
Act (SARA) amendments to CERCLA in 1986 to provide liability
protection to innocent landowners who unwittingly purchased
contaminated property.
Now
commercial
real estate purchasers can now be insulated from liability by one
or more of the
provisions of the Comprehensive Environmental Response
Compensation and Liability Act (CERCLA).
CERCLA offers the following protections:
-
Bona
Fide Purchaser Liability Protection
-
Innocent
Landowner Liability Protection
-
Contiguous
Property Owner Liability Protection
In
order to be qualified to apply for any of these protection commercial real estate
purchases must perform what EPA calls
All Appropriate Inquiry
(AAI). As a practical
matter All Appropriate Inquiry is performed as part of a complete
Phase 1 Environmental Assessment.
When
the Assessment is correctly and fully completed by a qualified
Environmental Professional the purchaser can apply for CERCLA
liability protections should they ever be necessary. Contact
us for further information.
Services for Sellers
Sellers
often choose Due Diligence Property Condition Assessment or
Commercial
Building Inspection or
Industrial
Building Inspection and
Phase
1 Environmental Assessment to determine what conditions need to be addressed to
prepare property for sale. In
this situation a seller can consider at their option correction or
price adjustment for defects and deficiencies.
Without the pressure that is likely later in the sale
process the seller has the freedom to choose the best correction
and shop for the best price. A
buyer will likely still want to have his own due diligence inspection but
the seller will know what to expect and will have the documentation to refute any erroneous or overly stringent
findings.
Experience
Lifespace Corporation has 24 years building, property and
environmental inspection and assessment experience on all types of
real estate: commercial and industrial buildings including apartment,
condominium and other residential property and office, call
center, warehouse, distribution, manufacturing, hotel
and motel, restaurant and club, bank, retail, mall, plaza call
center, gas station and automotive service
plus land
including vacant land, agriculture land and forestry land.
Superior Service
Whether
you choose
Property
Condition Assessment or Commercial
Building or Industrial
Building Inspection, you will receive the
same high standard of care and detailed report that we
developed and continuously improved over 24 years of prompt,
professional service to every state in the U.S.A.and
we will customize our service to meet your needs and expectations
at the lowest possible cost.
We have what you need
We'll customize your Property Condition Assessment and Environmental Assessment to fulfill your needs and meet your
expectations on time and on budget.
Discounts
Discounts are available when you order multiple Due Diligence services at the same time
including Phase
1 Environmental Assessment,
Phase I Audit,
ESA,
Vapor Intrusion Assessment
(VIA),
Commercial Building Inspection or
Industrial
Building Inspection and Property Condition Assessment
(PCA). See our discount policy below.
Your Property
Condition Assessment Report covers all all of the structure,
building systems and components normally included in a
conventional Building Inspection PLUS
dollar costs
to remedy
physical deficiencies. PCA can also include additional information
such as the the remainder
of serviceable life expectancy, a schedule for maintenance, repair
and replacement and recommended upgrades. Property Condition
Assessment is indicated for:
-
Purchase
-
Sale
-
Sale/Leaseback
-
Lease
-
Asset
Management
-
Financing
-
Refinancing
Contact Us
CONTACT OUR SENIOR INSPECTOR DIRECTLY
CALL
NOW
Edward Devine
(585)
738-5080
You can also
request a quote by
email
and we'll respond promptly.
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