Property Condition Report/Assessment
A Property Condition Report/Assessment (PCR/PCA) is used to determine the physical condition of any improvement to a subject property. Hillmann Consulting, LLC will inspect major property components and systems to evaluate their condition and adequacy. Our final report will note our professional recommendations regarding any corrective work and the costs associated with that work. Our report also includes recommendations as to the replacement and repair reserve budgets.
Property Condition Report/Assessments are generally associated with commercial real estate. They are performed in both equity and debt markets and may be used to negotiate the purchase price. These reports are very detailed and generally cover major areas, including the building site, building envelope, structural elements, interior elements, roofing systems, mechanical systems, plumbing, electrical, elevators/escalators, and any obvious notable environmental conditions visible by the naked eye.