Property and Facility Condition Assessment

When preparing to purchase a property, investors often look to property condition professionals to assess the site and determine any deficiencies that may affect the financial viability of the property.

This evaluation serves to warn investors of unseen problems with a property, as well as gives them a bargaining position to negotiate a fair value for the property. SBSA’s professionals are qualified to fully evaluate properties for this purpose, and estimate costs to cure based on the findings. SBSA’s team of experts works interactively, both during and after the physical evaluation phase of the project, to provide a comprehensive assessment in a timely manner.

Additionally, like property condition assessments, reserve studies are specifically tailored to Homeowners Associations to evaluate the condition of their property and the common elements that the HOA may be responsible for. These recommendations include both ongoing maintenance to the physical site, and value-based financial recommendations for the allocation of funding.

SBSA’s assessments comply with both the ASTM Standard Guide E-2018-08 and Standard and Poors’ (S&P) Property Condition Assessment Criteria.

Reserve Studies | Property Condition Assessments | Capital Expenditures | Transition Studies | Cost Analysis

---