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Property condition assessments (PCAs) (also known as the property condition report, or PCR) are due diligence projects associated with commercial real estate.Commercial property and building inspections are important for clients seeking to know the condition of a property or real estate they may be purchasing, leasing, financing or simply maintaining.
A professional home inspection is an examination of the current condition of a house. It is not an inspection to verify compliance with appropriate codes; building inspection is a term often used for building code compliance inspections in the United States.
Modern-day work took on its current form around the time of the founding of the International Facility Management Association in 1980, although the two were not related. Facility condition assessments became useful because of the dramatic reduction in the size of computers, coupled with a rapid increase in speed and storage.
Uniform Physical Condition Standards (UPCS) is the name used to refer to a set of standards used by inspectors working for the United States Department of Housing and Urban Development (HUD) and the Real Estate Assessment Center (REAC) to assess the physical condition of public housing units and housing units which are insured by or assisted under various programs of HUD. [1]
Building inspectors may charge a direct fee or a building permit fee. Inspectors may also be able to hold up construction work until the inspection has been completed and approved. [2] Some building inspection expertises like facade inspections are required by certain cities or counties and considered mandatory. These are to be done by ...
Examples of punch-list items include damaged building components (e.g. repair broken window, replace stained wallboard, repair cracked paving, etc.), or problems with the final installation of building materials or equipment (for example, install light fixture, connect faucet plumbing, install baseboard trim, reinstall peeling carpet, replace ...
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