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Property Condition Assessments (ASTM E 2018-01)

Pelican Property Inspections, Inc. performs ASTM E 2018-01 PROPERTY CONDITION ASSESSMENTS.

Scott Kaylor is a member of ASTM Technical Committee E50 (Real Estate Assessment and Management) that reviews and updates the ASTM Standard E 2018 on Property Condition Assessments.

This type of inspection is an in depth evaluation of a commercial property. This inspection is based on interviews with management and local agencies, a review of available documents, and an examination of the building and site. The physical examination is similar to our typical comprehensive commercial property inspection. However, a PROPERTY CONDITION ASSESSMENT also includes a general codes compliance evaluation, repair and maintenance issues, capital expenditures, and opinions of probable costs of corrective action. Our report provides a worksheet with estimates of probable costs for repair/replacement that require immediate, short term, near term and long term attention. This repair/replacement reserves worksheet provides the probable costs for the next ten years.

The physical condition of a property is the utmost concern to our clients. Significant physical deficiencies, such as a failed roof or obsolete HVAC equipment, adversely affect the profit margins of investment properties. Our clients benefit from our reports by limiting the potential for financial loss when investing in a commercial property. A Pelican Property Condition Assessment provides our clients with the ability to make an educated decision with regards to their investment.

ASTM

Our typical Property Condition Assessment Includes:
Site Foundation Superstructure
HVAC Plumbing Electrical
Exterior Interior Roof
ADA Safety Issues Parking

Pelican Property Inspections performs Property Condition Assessments throughout Central and Southwest Florida. Please contact our office at (727) 556-0542 for a quote and to schedule an inspection.

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Telephone: (727) 556-0542
Fax: (727) 572-5417