Property Condition Assessments
UES utilizes quality trained and experienced property inspectors and engineers to perform our Property Condition Assessments (PCA’s). Using in-house professionals allows UES to address your issues quickly, confidentially and in the most cost-effective manner.
UES has provides services for Freddie Mac, Fannie Mae, various financial institutions, mortgage brokers and several high profile life insurance companies located throughout the United States. In addition, UES has completed numerous projects for the Department of Housing (HUD) in the states of California, Texas, Florida, Kansas and Missouri.
Types of properties inspected include office and industrial buildings, warehouses, retail centers, mobile home communities, condominiums, townhouses, apartment complexes and retirement/assisted living facilities. UES is also experienced in providing draw inspections for construction projects.
Each report addresses, in general, the Americans with Disabilities Act (ADA) and can be modified to accommodate a full ADA compliance study if necessary.
All Property Condition Assessments (PCA’s) encompass, but are not limited to the following criteria:
UES follows the most current American Society for Testing and Material (ASTM) requirements for all site inspections. A typical site inspection is a multi-faceted process consisting of an exterior, interior, land and mechanical assessment along with the inspection of all amenities. Pictures are taken of the various components and are included as an appendix in the published PCA. Those can include;
Roofs, envelopes, foundations, windows/entrances, exterior stairs, balconies/patios.
Corridors, hallways, interior stairs, living spaces, flooring, appliances, ceilings, walls, interior doors.
Flatwork, pavement, parking (including handicap access), landscaping, drainage, free-standing/retaining walls, lighting, fencing, signage, refuse areas.
HVAC components, domestic hot water, plumbing, electrical, vertical transportation, fire safety, utility services.
Building structure, including foundation and envelope if applicable, condition of the amenity, life safety concerns, barriers to access.
Owner or key personnel interviews are conducted to obtain the following information concerning:
•General condition of the property
•Recently completed/current capital improvements or plans
•Age of the building components if not readily available
•Known issues or concerns which may lead to increased maintenance costs
UES performs extensive research using city and county records and personnel interviews to determine if any known violations or concerns have been reported for the following areas:
•Building code compliance
•Fire department interviews
•Seismic zone verification
•Flood zone certification
In addition, UES attempts to obtain copies of previous property condition and environmental assessments as well as surveys to aid in the discovery and research of property-related issues.
UES has developed reporting that is widely accepted within the industry. All work is performed in compliance with the client’s scope of work and reports that may be customized to meet the individual client’s needs. This flexibility is the reason UES is often considered an integral part of the development team.
The published PCA includes the following items:
Capital Improvement Budget
Immediate repair summary
•Building and zoning certifications
Fire department certifications
•Immediate needs summary
•Seismic zone certification
•Description and condition of each property component
Replacement reserves summary
•Flood zone certification
•Replacement reserve schedule (including cost per unit and total monthly reserve calculations)
Appendices and figures appear at the end of each report and detail the following:
Immediate needs costs, replacement reserves with Expected Useful Life (EUL), Remaining Useful Life (RUL), anticipated replacement schedule and a total capital expenditure over the term as well as an inflated cost per unit and monthly reserve, pictures organized by inspected component, UES personnel resumes, a copy of UES liability insurance certificate, site or plat maps, floor plans, seismic zone map and FEMA firmette maps.