A Pre-Lease Property Condition Report Pays For Itself!
Engineers provides the straightforward evaluation required for an extensive Pre-Lease Property Condition Report (also referred to as a property condition assessment) for clients looking to lease buildings of all sizes. They are especially useful for Triple-Net Lease negotiations. Be Informed! Investing in due diligence and being an informed lessee provides greater confidence in the property, […]
Top 10 Condo Building Problems
Workmanship, Quality Control & Water… Probably because I have inspected thousands of condo buildings and their units for construction defects and other issues, I am often asked by both prospective condo buyers and property managers to name the most common problems found in new condo developments. Interesting enough, new condo buildings have more hidden problems […]
Reserve Studies vs. Condition Assessment
Q: Over the past few months, I’ve heard a lot of discussion about reserve studies and condition surveys. Are these the same, and, if not, how do they differ, and why and when should our association obtain one? A: This is a great question because it is not asked often enough. I cannot count the number […]
Liabilities and Risks of Ignoring Issues: An Engineer’s Perspective
Liabilities and Risks of Ignoring Issues: An Engineer’s Perspective Question: A recent reserve study identified a number of repairs/replacements that should be addressed in the community. However, while the reserve is being funded on a monthly basis, there isn’t enough in the current reserve fund for the repairs/replacements. With inflation and knowing that owners won’t […]
Your Roof: 8 Things to Consider!
If your house, condominium or commercial office building is like most built in the last 50 years, it probably has a sloped roof with one of the following roofing materials: Each type of roofing has its unique characteristics. However, there are also some common considerations to keep in mind: Your roof has an important job […]
A Pre-Lease Property Condition Assessment Pays For Itself!
Hardy Engineers provides the straightforward evaluation required for an extensive Pre-Lease Property Condition Assessment (PCA) for clients looking to lease buildings of all sizes. They are especially useful for Triple-Net Lease negotiations. Be Informed! Investing in due diligence and being an informed lessee provides greater confidence in the property, quantitative information for tenants, as well […]
Foundation Forensics
Cracks in foundations are by far the most common structural complaint raised in either reserve fund studies or transition studies. They can occur in the youngest or newest condo building. As condo documents usually assign the maintenance responsibility of their repair to the association, board members and property managers take them very seriously. Missouri condo […]
Commercial Building Inspection – PCA Due Diligence
Buyers of commercial real estate are concerned with the financing and economics of their acquisition. Until recently, the condition of the building was only a relatively minor concern. That is changing with PCA due diligence. The initial impetus for carefully evaluating the condition of the building were the failures and foreclosures at the start of […]
Property Condition Assessment (PCA): How Long Will It Last?
Determining how long a building component will last before it requires repair or replacement is one of the primary tasks in performing a Property Condition Assessment (PCA). Other professions rely on existing tables to render such opinions. For the engineer, the assessment is much more subjective. The terms Useful Life (UL), Estimated Useful Life (EUL), […]