{"id":22088,"date":"2023-02-16T12:58:22","date_gmt":"2023-02-16T17:58:22","guid":{"rendered":"https:\/\/billerandassociates.com\/?page_id=22088"},"modified":"2023-02-16T12:58:22","modified_gmt":"2023-02-16T17:58:22","slug":"property-condition-assessment-silver-spring-md","status":"publish","type":"page","link":"https:\/\/billerandassociates.com\/services-in-silver-spring-md\/property-condition-assessment-silver-spring-md\/","title":{"rendered":"Property Condition Assessment Silver Spring, MD"},"content":{"rendered":"

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Service Overview<\/h3>\r\n

Biller & Associates conducts Property Condition Assessments (PCA) in Silver Spring, Maryland. A PCA is intended to help educate the client in the evaluation of the overall condition of the commercial property. It is based on the visible and apparent condition of the building and its components. This assessment meets the requirements of rating agencies such as Standard and Poor’s, as well as to the scope of work defined by the industry standard for baseline Property Condition Assessments, ASTM E2018-15.<\/p>\r\n

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The assessment is designed to disclose deficiencies in the Silver Spring property that could materially affect its safety, usability or function, it will also provide maintenance recommendations. The PCA will not include destructive testing and\/or disassembly of components or systems. It will also not include an assessment or schedule of upcoming maintenance or manufacturer recommended service.<\/p>\r\n

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Estimates of probable costs for scheduled maintenance and\/or identified deficiencies are not provided due to the logistics associated with supply and contractor availability conditions. We recommend obtaining estimates or proposals from at least 2-3 qualified contractors.<\/p>\r\n

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When To Schedule the Property Condition Assessment<\/h3>\r\n

A PCA is typically ordered as part of the due diligence process when a property in Silver Spring changes hands. A lender may request a PCA before issuing a loan, or an investor\/buyer may request the assessment before purchase. It provides risk mitigation for the buyer and the lender and, potentially, an opportunity to contribute to the following:<\/p>\r\n

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