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Property Condition Assessments and Reports

Understanding engineering due diligence is an important part of the property transaction process.

By Erika Petty | Updated on June 07, 2013

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Engineering due diligence is an important part of the property transaction process. Like environmental due diligence, there are a variety of engineering due diligence products to assist in evaluating an asset. Engineering due diligence can provide a wealth of knowledge about the physical condition of a property. During a Property Condition Assessment, the building systems are evaluated for short and long term expenditures. This assessment can give the buyer or lender a clearer understanding of the expected short and long term investments needed to maintain a property. In some cases, the PCA report can provide insight into whether or not an acquisition is prudent. If the expected costs are too high, the buyer may choose to seek out alternative investments.

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