Aug 29

Property Condition Assessment (PCA)

A property condition assessments (also known as a PCA) is an evaluation of a commercial building’s major systems and components aimed at providing an owner, lessee, investor or lender an economic perspective of the properties overall physical condition, what immediate repairs should be made to the property and what systems will need to be replaced within the next ten years.

Property condition assessments (PCAs) are commercial inspections performed around guidelines established by Standard & Poors during the 1990’s which were intended to standardize the process and scope for commercial inspections. Over the years these standard operating procedures have formalized into a recognized standard known at ASTM E2018.

ASTM International is an international standards organization what develops and publishes technical standards for a wide range of materials, products, systems and services. The organization maintains over 12,000 technical standards and the specific standard established for property condition assessment is the E2018 thus the name ASTM E2018 Standard Guide for Property Condition Assessments.

ASTM Standards Worldwide

The scope of a typical Property Condition Assessment includes the following major areas:

  • Building Site
  • Foundation and Structure
  • Building Envelope
  • Roof System
  • Mechanical Systems (Including Heating, Ventilation, and Air Conditioning)
  • Plumbing
  • Electrical
  • Interior

Once the inspection, or Property Condition Assessment (PCA), is completed the formal written report is known as Property Condition Report (PCR). The Property Condition Report will include a general description of the property, recommendations for repairs or further consideration, likely costs to remedy the repairs and costs of future capital repairs.

Aug 28

National Home Inspection Examination

The National Home Inspector Examination® is the only independent, psychometrically-valid home inspector test in the county. The exam is developed, maintained and administered by Examination Board of Professional Home Inspectors (EBPHI). They are an independent, not-for-profit organization that develops and maintains exams for the real estate inspection profession. The NHIE tests a home inspectors knowledge of conducting a thorough home inspection as well as tests the skills in client relations, communications and report writing.National Home Inspector Examination Logo

Asking if your home inspector has passed National Home Inspector Examination® (NHIE) is a great way to know if he or she is really qualified to inspect your home. Not all home inspectors follow the same standards of practice, use the same report format or have the same background. Although there are national associations for the home inspection industry which have certification programs, the associations are driven by membership revenue and obtaining a certification can be easily accomplished by most any inspector regardless of their background, character, level of knowledge or dedication to the field.

Apr 09

Five Tips for Improving Your Inspection

The quality and smoothness of your home inspection depends greatly on the inspector’s ability to access all of the important areas of the home and be in a position to evaluate all of the home’s systems and components.

Below is a list of simple tasks which, if done by your seller, will make for a better outcome for all other key stakeholders.

  1. Request seller vacate property during inspection. In my years of inspecting homes, rarely has the seller’s presence helped the process and more often than not raises anxiety for your buyer and impedes the inspection process.
  2. Clear a path to electrical panels, water shut-off valves, attic hatches, crawlspace openings, fireplaces, storage rooms and sink cabinets.. Relying on the inspector to move furniture and other personal property opens the door for the inspector to not have needed access to everything or having a disgruntled seller on your hands when they seller comes home to find their belongings have been moved.

Home For Sale

  1. Replace burned out light bulbs. Having light fixtures which don’t operate leaves room for uncertainty for the inspector and ultimately your buyer and uncertainty can lead to buyer indecision
  2. Remove animals and clean up yard from animal waste. Having your buyer exposed to barking dogs or stepping on a dog pile while walking the yard can marginalize your buyer having a positive emotional experience.
  3. Make available remote controls for fireplaces and ceiling fans. Don’t count on an inspector being able to find the remote control to the seller’s fireplace or passing the fireplace off to your buyer as operable when the inspector is not able to operate fhe appliance.

Bring it all together your efforts in doing what you can to implement these tips with the seller will improve the outcome of your inspection.