Property Condition Assessment (PCA) 

Our Property Condition Assessment (PCA) reports providing real estate investors, developers, owner users, and government agencies a written report outlining the existing condition of a property while highlighting any potential areas of concern.

Our inspectors are licensed engineers & architects with years of experience in both monitoring new construction and evaluating existing structures and systems.

Our focus on a detailed evaluation of construction quality and building systems allow our staff to bring a trained discriminating eye while evaluating existing properties.

SCOPE OF WORK

Falkin Associates will review the existing property and provide a written report documenting the property’s existing condition based upon visually observable components of the property. No destructive investigation or testing will be performed

Specialty Investigation and Reporting

While Falkin Associates employs some of the top professionals in the industry to perform our PCA building investigations, we also have a broad network of local and national engineers and design/consulting professionals to bring the best value to our clients. We pride ourselves on assembling the right team for each individual investment and project. Our partners allow us to provide great service and act as a one-stop shop for our clients while always delivering the precise information you need to guide your decisions.

 

 Additional Services: Additional services may be requested and will be billed hourly at an additional rate. While our PCA reports include current deferred maintenance item costs, a standard PCA report does not include a Capital Reserve Requirement Study, which may be requested as an additional service.

Report Format

A written report will be prepared to document the results of our observations. The report will include the following information in the standard format:

  • Property Description: A brief section that describes the age, size, and approximate dimensions or floor areas of the property. Observation of building materials, including structure and finishes, are also included. Site improvements are described, including the condition of pavement, sidewalks, landscaping and irrigation system. Site zoning compliance and a description of the site terrain are also provided.​​​​
  •  Structural Elements: Description of the buildings structural elements and opinion of the existing condition based on visual observations. Items of concern will be documented in the written report.
  • Building Systems: General quality and description of the major building systems is included. Our visual assessment will result in an overall opinion of system quality, maintenance, capacity, and adequacy.
  •  Observations: Our summary observations section details property strengths, observed immediate problems, current deferred maintenance items and preliminary estimates of the cost to repair them.​​​​​​

Related Projects

Gridiron condos

Historical building preservation with addition, creating new condominiums adjacent to Century Link Field Falkin Associates provided feasibility review, construction monitoring and payment control services throughout the construction phase.

Embassy suites and stadium place

Working for the equity investor, Falkin Associates provided project feasibility analysis, plan and specification review, budget approval, construction monitoring, change order analysis and approval, contractor payment control and final completion review.

joseph arnold lofts

Representing the construction lender, Falkin Associates provided pre-construction project evaluation, feasibility review, construction document review, budget analysis and schedule feasibility. During construction Falkin monitored the work in progress, schedule compliance, change order analysis and provided contractor payment control.