Property Assessments
Condition Field Report
A Condition Deficiency Survey conducted by Building Consultants, Inc. (BCI) consists of the following:
- A site visit to the site and building(s), making arrangements with the borrower or property manager for access to secure common areas.
- Evaluate the following major systems for significant deficiencies:
- Site (drainage, paved areas, utilities, amenities)
- Architectural (structural, building envelope, base building interior finishes)
- Interior (layout, finishes, equipment, mechanical/electrical)
- Mechanical (elevators, plumbing, HVAC, fire suppression sprinkler) and Electrical (service, power, lighting, security, emergency)
- Provide an initial oral report to the client summarizing the overall impressions of the facility within 24 hours of the site visit.
- Provide a brief hand-written report in tabular form including a brief description of the project and property and the observed deficiencies checklist for the following major systems:
- Site (drainage, paved areas, utilities, amenities)
- Structural (Foundation, substructure, superstructure)
- Enclosure (exterior walls, insulation, windows and doors, roofing)
- Partitions and Interior Doors
- Finishes (flooring, walls and ceilings)
- Conveying Systems (elevators and escalators)
- Mechanical, Electrical and Plumbing (plumbing, HVAC, fire suppression sprinkler electrical service, power, lighting, security, emergency)
- Accessibility (general observations of site and building provisions, not a code review)
- Labeled photographs (12 to 20) depicting the overall property, typical conditions and significant deficiencies at the time of the site visit
Condition Survey
Building Consultants, Inc. can provide the following Condition Survey services:
Investigation of the facility including:
- A site visit to the site and building(s), making arrangements with the borrower or property manager for access to secure common areas
- At the time of the site visit interview tenants, property manager, maintenance personnel and/or contractors to determine history of the project, maintenance schedules, recently provided repairs, proposed work
- Take photographs of the project including:
- Overall project views
- Typical site elements such as parking lots, tot lots, exposed utility elements, drainage issues if any
- Major building elevations
- Views of the roof(s) with details of significant features
- Detail pictures of major building exterior elements such as entrances, windows, utility entrances
- Overall views of major interior areas
- Typical pictures of plumbing fixtures, appliances, equipment
- Typical pictures of HVAC equipment, elements
- Typical pictures of electrical service panels, switchgear, emergency safety equipment
- Pictures of deficiencies noted in the body of the report
- Major atypical elements if any
- Evaluate the property for significant deficiencies in the major systems
- Site (drainage, paved areas, utilities, amenities)
- Architectural (structural, building envelope, base building interior finishes)
- Interior (layout, finishes, equipment, specialties, furnishings)
- Mechanical (elevators, plumbing, HVAC, fire suppression sprinkler) and electrical (service, power, lighting, security, emergency)
Provide an initial verbal report to you summarizing the overall impressions of the facility within 24 hours of the site visit and provide a written report.
Physical Needs Assessment/Cost over Term (PNOT)
A Physical Needs Assessment/Costs Over the Term scope performed by Building Consultants, Inc. (BCI) includes the following:
Investigation of the facility including:
- A site visit to the site and building(s), making arrangements with the borrower or property manager for access to secure common areas and a representative sample of the total units; we assume a representative sample can be achieved by visiting 10% of the total units however if significant additional units must be observed additional charges may be required
- At the time of the site visit interview tenants, property manager, maintenance personnel and/or contractors to determine history of the project, maintenance schedules, recently provided repairs, proposed work
- Take photographs of the project including:
- Overall project views
- Typical site elements such as parking lots, tot lots, exposed utility elements, drainage issues if any
- Major building elevations
- Views of the roof(s) with details of significant features
- Detail pictures of major building exterior elements such as entrances, windows, utility entrances
- Overall views of major common areas
- Overall view of typical dwelling unit rooms
- Typical pictures of plumbing fixtures, appliances, equipment
- Typical pictures of HVAC equipment, elements
- Typical pictures of electrical service panels, switchgear, emergency safety equipment
- Pictures of deficiencies noted in the body of the report
- Major atypical elements if any
- Investigate the property for significant deficiencies in the major systems which are identified as either Emergency or Immediate Physical Needs in the written report
- Site (drainage, paved areas, utilities, amenities)
- Architectural (structural, building envelope, base building and/or common area interior finishes)
- Interior/Dwelling units (layout, finishes, equipment, mechanical/electrical)
- Mechanical (elevators, plumbing, HVAC, fire suppression sprinkler) and electrical (service, power, lighting, security, emergency)
- Provide an initial verbal report to the client summarizing the overall impressions of the facility within 24 hours of the site visit
- Reviewing the existing systems with industry standard or the Fannie Mae Expected Useful Life Tables, indicating the point during the term when the repair/replacement would be required, incorporating an inflation rate and determining the costs over the specified term for the major repair and replacement items.
Provide an initial verbal report to you summarizing the overall impressions of the facility within 24 hours of the site visit and provide a written report.
Energy Audit
An Energy Audit is an evaluation of a building and its energy equipment to determine the costs and potential savings of energy efficient measures that can be implemented to reduce energy consumption and includes the following:
Level I – The Walk-Through Audit
- Conduct a walk-through of the facility to inspect each of the energy using systems.
- Evaluate energy consumption data and analyze energy use and patterns and comparisons to industry averages or benchmarks for similar facilities
- Give preliminary estimate of savings potential
- Provide a list of cost saving opportunities through improvements in operational and maintenance practices
- Provides opportunity to collect information for a more detailed audit, subsequently, if preliminary savings potential warrant an expanded scope of auditing assessment.
Level II – Standard Audit (also includes)
- Quantify energy uses and losses through a detailed review and analysis of equipment, systems, and operational characteristics
- Conduct, if necessary, on-site measurements and testing to quantify energy use and efficiency of various systems
- Use standard energy engineering calculations to analyze efficiencies and calculate energy and costs savings based on improvements and changes to each system
- Conduct economic analysis of recommended conservation measure.
Level III – Computer Simulation (also includes)
- Use of computer simulation software that includes more detailed of energy use by function and a more comprehensive evaluation of energy use patterns
- Develop a computer simulation of building systems that will account for weather variables and predict year round energy use that can be used to build a base for comparison that is consistent with the actual energy consumption of the building
- Measure the effects of changes that are made to the baseline simulation which can improve efficiencies of various systems; accounts for interactions between systems to help prevent overestimation of savings.
- Most expensive level of audit due to the time involved in collecting detailed equipment information, operational data, setting up and accurate, computer model.
Provide an initial verbal report to you summarizing the overall impressions of the facility within 24 hours of the site visit and provide a written report.