Standard vs. Equity Based Property Condition Assessment

February 19, 2019

When it comes to ordering a Property Condition Assessment (PCA), it can be difficult to know which one is best for your commercial property.

ALTA/NSPS Surveys - When it’s Time to Order a PCA, Which is Best?

If you’re looking for a general report, a Standard or Baseline Property Condition report may be right for you. A Standard Property Condition Report is prepared by a generalist and is the most economical type of Property Condition Assessment. A Standard PCA is appropriate for use by lenders on newer properties or properties that are not complex. It is possible, however, that stakeholders may request a more in-depth PCA which, along with a generalist, can add multiple specialists to the team. PCA specialists can offer a greater level of knowledge on particular issues, which allows them to provide a deeper insight to the condition of the property.

What is a Specialized Property Condition Assessment?

A specialized inspection can be tailored to the client’s risk tolerance and to any known issues or specific property needs, which can include any/all of the following:

  • Mechanical, Electrical, Plumbing (MEP)
  • Facade and Roof (Building envelope)
  • Structural
  • ADA Accessibility Surveys
  • 100% Inspection
  • Elevator Assessments
  • Termite Assessments

It’s important to note there will be a distinct cost difference between Standard and Equity Based reports but depending on the circumstances and needs of the user, both should be considered before choosing a PCA.

Are you interested in learning more about our Property Condition Assessments? Request a quote today, or contact us for more information.