Property Condition Assessments

Property Condition Assessments

A Property Condition Assessment evaluates the condition of a building's electrical, mechanical, and structural systems for use in due diligence, refinancing, insurance underwriting, and asset management decisions. Engagements come from lenders, buyers, and existing owners evaluating a building prior to a transaction or financing decision.

What a Property Condition Assessment Covers

A Property Condition Assessment evaluates a building's electrical, mechanical, and structural systems and documents their condition in a report prepared to ASTM E2018 standards. The report is used to support due diligence, refinancing, insurance underwriting, and asset management decisions.

Multidisciplinary Team

Vilano Engineering assembles a multidisciplinary team of Florida-licensed engineers to complete the assessment, addressing structural and mechanical components alongside the firm's electrical evaluation. An electrical-only assessment is available outside Florida in the firm's other licensed states.

Where We Work

Full Property Condition Assessments are available statewide in Florida. Electrical-only assessments are available in each of the firm's eight licensed states: Arizona, California, Florida, Georgia, Idaho, North Carolina, New York, and Texas.

What to Have Ready

Before engaging the firm, gather the documents relevant to the assessment: existing building plans or as-builts, prior inspection or maintenance records, and any known issues or areas of concern.

Frequently Asked Questions

What does a Property Condition Assessment cover?

A Property Condition Assessment evaluates a building's electrical, mechanical, and structural systems and documents their condition in a report prepared to ASTM E2018 standards.

Who typically orders a Property Condition Assessment?

Lenders, buyers, and existing owners order Property Condition Assessments for due diligence, refinancing, insurance underwriting, and asset management decisions.

Does the firm evaluate every building system, or only electrical?

For a full assessment, Vilano Engineering assembles a multidisciplinary team of Florida-licensed engineers, addressing structural and mechanical components alongside the firm's electrical evaluation. An electrical-only assessment is also available.

Where does Vilano Engineering provide Property Condition Assessments?

Full assessments are available statewide in Florida. Electrical-only assessments are available in each of the firm's eight licensed states.

Is a Property Condition Assessment the same as a turnover engineering study?

No. A Property Condition Assessment supports a transaction, financing, or asset management decision and can be ordered at any time. A turnover engineering study specifically addresses the transition of control from developer to association.

Vilano Engineering, LLC is a licensed engineering firm providing building recertification and safety inspections, infrared thermography, electrical design, expert witness services, developer turnover, and property condition assessments.

Nicholas Strachan, PE

Licensed Professional Engineer — Arizona, California, Florida, Georgia, Idaho, New York, North Carolina, Texas

Certified Level II Thermographer

Licensed Plans Examiner — Florida

25+ years in engineering design, inspection, and quality assurance

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