Are a PCA and a PCR different services?+
PCA generally names the assessment process; PCR names the resulting report. Lenders sometimes use the terms interchangeably. Confirm the required scope and report format rather than relying on the acronym.
Will every apartment or tenant space be inspected?+
Not necessarily. Sampling follows the applicable standard, lender instructions, property configuration, and observed concerns. Agency programs have their own minimums and special rules for vacant or down units. Access limitations must be disclosed; a sample should not be selected solely for convenience.
Does the report include destructive testing?+
Ordinary visual due diligence does not include opening walls, dismantling equipment, or laboratory testing. If evidence suggests a concealed problem, the report can recommend a separate investigation, with access and testing agreed before it begins.
Can I reuse a seller’s existing report?+
Only after checking its date, scope, property changes, reliance rights, and the new lender’s acceptance requirements. Possession of the PDF does not establish a right to rely on it or make it current.
Are repair estimates contractor bids?+
No. Planning-level opinions help evaluate exposure and reserves. Repair design, quantities, access, permits, and competitive contractor pricing may be needed before an owner authorizes construction.
What does a Property Condition Assessment cover?+
A PCA generally includes a walk-through survey and review of accessible site and building systems, available property information, material deficiencies, immediate repair needs, and anticipated replacement reserves for the agreed analysis period.
Is a PCA the same as a code inspection?+
No. A PCA is a visual due-diligence assessment performed to the agreed scope. It is not an exhaustive code-compliance inspection, destructive investigation, or guarantee against concealed conditions.
How are capital costs used?+
Costs are planning-level opinions intended to support underwriting, reserves, negotiations, and further study. Detailed design and contractor pricing may be needed before work is executed.
