Property Condition Assessments

Accurately Assess the Physical Condition of Property for Commercial Real Estate Transactions! Turn to Property Condition Assessments for comprehensive guidance on accurately collecting, analyzing, and reporting data on the physical condition of property for commercial real estate transactions. This definitive resource provides expert information for evaluating the quality of construction, integrity of building systems, and other critical components. This hands-on reference discusses the latest industry standards and explains how to appraise structural, roofing, mechanical, plumbing, electrical, lighting, and interior systems ...rate the condition of existing equipment and components...establish estimated costs for correcting physical deficiencies...uncover maintenance problems...and more. The book also shows you how to incorporate and set up a corporate website, seize business opportunities in the booming property assessment field and maximize returns. Filled with over 250 detailed illustrations, Property Condition Assessments features: Guidelines for identifying defects, deficiencies, items of deferred maintenance, and code violations Insights into litigation, dispute resolution, and expert testimony Business-building advice on presentations, marketing, and setting up an office and website Sample reports, forms, templates and letters - all needed for a successful career in this industry Inside This One-Stop Property Assessment Guide • The Property Condition Assessment Process • Building Systems: Design and Evaluation • Building Systems: Description and Observation • Business Development • Sample Documents • Standards and Guidelines • Resource Listings • Glossary of Terms •_ And Much More

In Structural Condition Assessment, editor-in-chief Robert T. Ratay gathers together the leading people in the field to produce the first unified resource on all aspects of structural condition assessment for strength, serviceability, restoration, adaptive reuse, code compliance, and vulnerability. Organized by the four main stages of a structural evaluation, this book provides an introduction to structural deterioration and its consequences, the business and legal aspects of conducting an evaluation, initial survey and evaluation techniques for various structures, and specific tests for five of the most common structural materials (concrete, steel, masonry, timber and fabric.)

Real Estate Due Diligence is the first textbook on due diligence, the cornerstone of every successful real estate deal. Due diligence is designed to uncover potential risks posed by a real estate acquisition, financing, or development project and failure to carry it out successfully can result in costly oversights and diminished investment returns. This book demonstrates how to assess and manage legal risks on properties such as office buildings, shopping centres, industrial buildings, apartments, and hotels—before the transaction closes. Real estate students and practitioners are taken through all of the essential due diligence areas, including: Titles and ownership issues Zoning and land use Liens and mortgages Condition assessments Environmental and operational concerns And lease analysis Throughout the book, major laws and court cases are used to illustrate due diligence issues and provide rich opportunities for classroom study and discussion. Practice points and comprehensive due diligence checklists help readers to go on to put their learning in practice. This book fills a gap in the real estate literature and is perfect for use as a college textbook, a practitioner’s guide, or for industry training.

The presence of various historically-deficient building materials such as polybutylene piping, fire-retardant treated plywood, and aluminum branch wiring is considered a "red flag" by real estate investors, managers, and lenders. The identification of these problematic building materials and/or conditions is vital to the legitimacy of the due diligence effort, critical to successfully operating a property, and imperative to profitable real estate investing. For those investing in real estate, managing properties, and performing Property Condition Assessments, it is important to have a good working knowledge of these materials, components, and conditions due to their history of failure and the resulting impact on safety, real estate value, and operations. The first publication of its kind, this reference book discusses 20 different problematic building materials, components, and conditions seen in commercial and residential real estate throughout the United States. This book has been designed to be used by students, due diligence engineers, and real estate professionals as a reference guide while studying, evaluating, and operating commercial properties. With over 300 images and diagrams enabling the reader to identify these problematic materials, this book discusses the following building components and conditions: 1.Acrylonitrile Butadiene Styrene (ABS) Sanitary Piping 2.Aluminum Branch Wiring 3.Cadet and Encore Electric In-Wall Heaters 4.Chinese Drywall 5.Composite Wood Siding 6.Cross-Linked Polyethylene (PEX) Piping 7.Edison Base (Type T) Fused Electrical Overload Protection 8.Federal Pacific Electric (FPE) Electrical Panels 9.Fire Retardant Treated (FRT) Plywood 10.HCFC and CFC Refrigerants in Air Conditioning Systems 11.Insufficient Apartment Unit Electrical Amperage 12.Microbiologically Influenced Corrosion (MIC) in Fire Sprinkler Systems 13.Mold 14.Phenolic Foam Roofing Insulation (PFRI) 15.Polybutylene (PB) Water Distribution Piping 16.Recalled Fire Sprinkler Heads 17.Recalled PTAC, Heat Pump, and Room Air Conditioner Units 18.Single-Ply Thermoplastic Membranes 19.Synthetic Stucco / Exterior Insulation Finish System (EIFS) 20.Zinsco/Sylvania Electrical Panels In addition, the book features examples of historical and informational exhibits including landmark class action settlement documents, notable recall claim forms, and detailed manufacturer's brochures of historically-deficient building components over the past fifty years. This first edition of the reference guide has been arranged to present the 20 historically problematic building materials and conditions commonly acknowledged in the commercial building evaluation industry. Each chapter features a different red flag with information and discussion on the following topics: A.Description of the Material, Component, or Condition B.Installation Dates C.Geographic Region D.Manufacturers and Trade Names E.Common Problems F.What to Look For During an Inspection G.Lawsuits and Recalls H.Replacement Materials I.Cost to Correct These topics provide specific data designed to be used by due diligence and real estate professionals as a reference while evaluating, operating, and investing in commercial and residential properties.