Creating safety and maintenance programs for your properties.Allocating resources across a large portfolio of properties.Determining whether to renovate, sell, or demolish a facility.A BCA can also provide valuable information when: When severe problems are identified by the BCA, the loan may not be approved or the buyer may back out voluntarily.Īs important as a BCA is prior to a purchase, it is not the only time you may want to invest in one. The assessment gives both the bank and the owner valuable information about the likely cost of ownership, and may become a basis for further purchase price negotiation. Most banks will require a BCA/FCA, or PCA, prior to final approval on a commercial property loan. When Do You Need a Building Condition Assessment? The BCA enables building owners, managers, and potential buyers to forecast their costs of ownership and ensure timely and appropriate maintenance. A table of expected costs to remedy those issues and deficiencies.Identification of any issues or deficiencies in that component.A brief description of each building component.Exterior components, including finishes and fixturesīased on the inspection, the BCA provider delivers a report including:.Interior components, including finishes and fixtures.
The BCA may stand alone or be part of a comprehensive Property Condition Assessment (PCA). It is often compared to a home inspection, but it provides more detailed information and is necessarily more complex due to the nature of and requirements for commercial facilities. A Building Condition Assessment (BCA), also known as a Facility Condition Assessment (FCA), is a systematic inspection, review, and report on the state of a commercial building’s structure and systems.
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