Building Condition Report
Obtaining a building condition assessment is an essential step toward making informed decisions that can significantly affect your purchase of a real estate property or investment into a project.
SCS Corp. provides Building Condition Reports for lenders and real estate investors to help you make informed decisions. Depending on the level of report requested, SCS Corp. will analyze any size and type of facility and bring in the necessary engineering & trade expertise to determine the building or property condition.
A Building Condition Report will be provided with a detailed overview of the findings. An important component of the Building Condition Report is the Immediate Repairs Table. The Immediate Repairs Table identifies short-term capital needs (recommended within the next 90 days), deferred maintenance, and failing or damaged building systems. Then provides opinions of probable costs to correct the items identified.
Examples of immediate repairs include a lack of fire extinguishers, a failing roof system, general maintenance for mechanical systems, needed internet connectivity upgrades, or visible structural damage.
The final written report identifies what needs to be repaired, replaced, or upgraded. The report will also estimate the building elements and systems' lifespan and will include a list of recommendations for repair or replacement, with estimated costs.
Depending on the level of report requested, a Building Condition Report assesses the condition of the following:
- Site condition and integrity - including pavement, curbs, loading docks, walks, landscaping, irrigation, site drainage, exterior lighting, walls, fencing/railings, signage, and exterior amenities
- Structural systems conditions – including foundations and structural framing of walls, columns, intermediate floors, and roofs
- Exterior building envelope integrity - including roofing systems, exterior finishes, stairs and steps, exterior doors, windows, and flashings
- Interior building component assessment of mechanical spaces, common areas, and tenant areas
- Systems assessment - Heating, ventilation, air conditioning, plumbing, fire protection, and electrical systems
- Americans with Disabilities Act (ADA) compliance
- Local code compliance issues
- Environmental studies
….so you can feel confident.