Property Condition Assessment
Uncover risk. Plan with confidence. Make informed investment decisions.
At KOW Building Consultants, our Property Condition Assessments (PCAs) provide commercial lenders, equity partners, and real estate investors with a clear view of a property's physical condition and its associated capital needs. Conducted in accordance with ASTM E2018-24, Freddie Mac, or Fannie Mae our assessments help you reduce exposure, identify deferred maintenance, and forecast capital expenditures across your portfolio.
What Is a Property Condition Assessment?
A Property Condition Assessment (PCA), also referred to as a Property Condition Report (PCR), is a third-party inspection of a property’s building systems, components, and site features. It’s a crucial part of real estate due diligence—used by lenders, buyers, and developers to evaluate potential risks and protect their financial investments.
A typical PCA includes:
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A walk-through survey of the building and site
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A review of available documentation (drawings, permits, maintenance records)
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Interviews with facility staff (if applicable)
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A final Property Condition Report, including a 10, 12, or 15-year capital reserves table and Immediate Repairs list
Who Needs a PCA?
Our PCA services support a wide range of decision-makers across the commercial real estate industry:
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Lenders evaluating risk before loan origination
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Developers acquiring stabilized assets
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REITs and fund managers performing asset due diligence
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Insurance providers requiring baseline risk analysis
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Owners planning future capital improvements or refinancing
What’s Included in a KOW Property Condition Assessment?
Our team of engineers, architects, and building inspectors perform a detailed visual inspection of the following major systems:
Site & Exterior Features
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Pavements, parking, drainage, topography, retaining walls, signage, landscaping
Structural Systems
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Foundation, framing, roof deck, load-bearing elements, visible structural cracks
Building Envelope
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Roof coverings, façade, doors/windows, waterproofing, flashing, caulking
Interior Finishes
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Common area walls, ceilings, flooring, finishes, tenant space conditions (where accessible)
Mechanical, Electrical & Plumbing (MEP) Systems
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HVAC equipment (age, capacity, condition), electrical panels & systems, domestic hot water systems, piping condition
Fire/Life Safety Systems
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Fire alarm, sprinklers, emergency lighting, extinguishers, code compliance
Vertical Transportation
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Elevators and lifts, condition of cabs and controls, inspection status
Accessibility & Code Compliance
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ADA, FHA, and local building code compliance (basic review)
Deliverables You Can Depend On
Each KOW PCA includes:
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✅ Full Property Condition Report (PDF)
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✅ Immediate Repairs Table (critical costs within 0–12 months)
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✅ Capital Reserve Table (10-year forecast of capital needs)
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✅ Photo log of observed conditions
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✅ Optional recommendations for additional studies (e.g., structural, MEP deep-dive, or Phase I ESA)
All reports are ASTM E2018-24, Freddie Mac, or Fannie Mae compliant, lender-ready, and formatted for easy underwriting and financial modeling.
Why KOW for Property Condition Assessments?
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Industry-Trusted: We've supported hundreds of lenders and owners with PCAs for acquisitions, refinancing, HUD loans, and more
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Highly Experienced Team: Professional engineers, inspectors, and construction experts with deep CRE knowledge
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Clear Reporting: We prioritize clarity, relevance, and actionable insights
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Fast Turnarounds: We meet tight due diligence timelines—often within 7-10 business days
Start Your PCA with KOW
Whether you’re underwriting a loan, acquiring a new asset, or refinancing your portfolio, we’ll help you understand the condition, cost, and risk before you commit.
Email Us: incoming@kowbc.com
Call Us: (855) 966-5888
Other Services We Offer
Property Condition Assessments
Commissioning
Enterprise Green Communities
CNA E-Tool
Phase 1 ESA
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