What is included in a Property Condition Report?
The Field Observer preparing the report will note any material physical deficiencies or deferred maintenance for the following:
- Site improvements
- Structural framing and building envelope
- Life safety/fire protection
- Interior elements
- ADA compliance
The report will identify deferred maintenance and categorize these issues, based on severity into either “Immediate Needs” or “Short Term Costs”. A Replacement Reserve Table is also included in the scope of a PCA. The Replacement Reserve will typically estimate the building’s capital replacement schedule over the designated evaluation period.