ASTM Property Condition Assessment near Newnan, Georgia
An ASTM Property Condition Assessment, also known as a Property Condition Report or Commercial Building Inspection, is a thorough examination of a commercial real estate asset that encompasses all upgrades and systems in each of the property’s buildings. It’s frequently requested as part of the due diligence process for a commercial real estate purchase. ASTM property condition assessment can assist lenders and buyers in determining how the property’s condition and site renovations will effect the asset’s financial performance. As soon as the loan application is received, the lender or buyer may be responsible for commissioning an ASTM property condition assessment with an approved provider. The property condition assessment provider must next determine who has the most knowledge of the property and send them a pre-inspection survey. This survey will ask questions such as the age of the roof, the age of the windows, whether there is aluminum wiring or galvanized tubing, and so on in order to gather as much information as possible prior to a site visit.