Checklist for Property Condition Assessment

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For anyone looking to purchase or lease aThere are two types of environmental site
commercial property, or for those who currentlyassessments, the Phase I and Phase II. Phase I
own commercial real estate, there are plenty ofenvironmental site assessments, also known as
items to look for to ensure the safety of thePhase I ESA reports, can help identify potential
property. In fact, for a business owner, it canenvironmental liabilities through an inspection of the
often become a terrible headache to deal with theproperty and a review of the property’s
stress and complications of securing a place forrecords, but doesn’t involve extensive
your company. Luckily, there are plenty of waystesting or sampling of the environment. Phase II
in which an experienced assessment company canon the other hand includes the measures included
simplify the process of assessing the condition ofin Phase I, but also involves soil, ground water,
a property, and also investigate and preventand surface sampling to detect environmental
serious structural, electrical, or environmentalhazards and liabilities. These reports will also be
issues before they become a serious liability! Usehelpful in that they should also recommend options
Your Assessor as a Resourceshould problem areas be detected.
Your property assessor should be used as aForensic Engineering Could Be a Lifesaver
resource for your commercial real estateMany commercial assessment companies also
endeavors. Some may consider assessmentprovide forensic engineering services, and could be
services to be helpful, but somewhata good way to prevent future safety hazards.
unnecessary. For those who have this perception,The process of forensic engineering is a service
you may not be using their services to theirfor insurance companies and commercial property
fullest potential! First, the assessor or their staffand business owners that investigates materials,
can help inform and educate business ownersstructures, and products that do not work
about the entire process of assessing commercialproperty or fail to function as intended. This
real estate properties, and can also advise theminvestigative service is not commonly required,
of deadlines, government records, and otherbut it should be employed if you have even a
items that can affect which property you shouldslight suspicion of a potential mechanical or
procure for your business. In addition, propertyelectrical failure.
condition assessment is one of the best ways toThe benefit of forensic engineering investigation is
detect potential hidden problems within athat it could prevent catastrophic accidents, or at
property, beyond what you may see on thethe very least ensure they don’t reoccur.
surface. Having a property that provides anIf an accident does occur, such services can help
attractive environment for your business is onesave lives in the future, and also reduce legal
thing, but finding one that is safe, secure, and willconsequences should another accident arise!
also provide high standards in a building’sCompanies and individuals that provide forensic
overall condition is truly different, and a skilledengineering services are often comprised of fire
property condition assessor can provide exactlyinvestigators that can identify the origin and
that.causes of a fire to prevent a re-occurrence. Fire
Ensure an Environmental Assessment isanalysis is a blend of forensic sciences and fire
Performedscience that helps reduce the liability that a
In many cases, depending on the nature of abusiness or property owner has to endure, and is
business, such as those in manufacturing, anthe ideal solution for getting many of your own
environmental assessment may be required.questions answered following a terrible fire or
There are plenty of business owners who mayaccident.
feel an environmental assessment may beReceiving these services is important for safety,
avoidable, especially considering thesesecurity, and peace of mind. Should questions
assessments aren’t cheap! But choosing toarise about assessment services, it’s
save money and not have this performed mayimportant to contact local assessment companies
be risky since problems could arise at theor consult your board of equalization or board of
property that could expose you and yourassessors to get additional help or
business to a huge liability. Having an environmentalrecommendations for getting a fair, beneficial
assessment performed can most certainly helpproperty assessment.