# What is a Property Condition Assessment (PCA) and Why Do I Need One?

A detailed investigation of a property is part of a Property Condition Assessment. It's similar to a home inspection, but considerably bigger. A PCA assesses the property's current physical state and offers an expert judgement on the property's future expected recommendations.


## Who Needs a Home Inspection?

The PCA is one of the most prevalent types of commercial real estate inspections. As part of wider due diligence processes such as acquisitions and appraisals, lenders, insurers, and property investors may request one. The findings of a property condition evaluation also aid many stakeholders in determining a building's capital needs.

### Lender

PCAs are frequently required by lenders since any potential issues could damage the property's value or the borrower's ability to pay their mortgage.

### Buyer

A buyer is interested in concerns as well, and will likely use the PCA as a bargaining tool if they will need to replace or repair particular items in the home.

## How to Complete a Property Condition Assessment in Four Steps

**In-Person Interview** - This is the first step in the process. A contractor will make an appointment to talk with someone on the premises, preferably someone who is familiar with the building's history and the locations of its components.

**Owners Survey** - As part of the interview, we ask the owners to complete a survey that covers topics such as roofing warranties, past major capital needs, and so on.

**Physical Walk-Through** - After that, we'll do a thorough physical inspection. A contractor will walk through the entire property, taking photos and noting details such as elevations, neighbouring properties, site characteristics, building systems, and more. Looking for [property assessment with bids](https://www.sgpnow.com/products/property-assessment-with-bids) service in Ohio? Visit SGPNow's website.

**Research & Document Review** - Contractor will then perform property research and document review. To collect documents on past building code or life safety issues with the property, we will visit or file right-to-know applications with local agencies such as the fire marshal, planning, or building code official.