Physical Needs Assessment (PNA)
The Physical Needs Assessment (PNA) is designed to address all existing conditions,
outstanding maintenance issues and to identify any building code violations.
PNA reports can be modified according to a clientís particular inquiry. Upon completion
of the physical assessment of the property, AEIís professional staff will provide the client
any recommendations to correct any conditions that may affect the health or safety of
current or future residents. AEI will then formulate and present our recommendations with a
budget to enhance the physical and aesthetic condition of the property to maximize its position
in the market place.
The PNA can be an essential tool in determining the subject site value and
approximate cost in possible repairs and/or investment in the property.
AEI’s PNA report provides our clients with an assessment of the subject property’s overall condition and can be modified according to a client's particular inquiry.
The report discusses the following components of each site:
- Site and Grounds - pavement, curbs, loading docks, walks, landscaping, irrigation, site drainage, exterior lighting, walls, fencing/railing signage and exterior amenities.
- Structural Systems - Foundations and structural framing of walls, columns, intermediate floors and roofs.
- Building Envelope -Roofing systems, exterior finishes, stairs and steps, exterior doors and windows.
- Interior Building components (FF&E) - Interior finishes of common areas and interior finishes. Condition of soft goods will not be assessed.
- Mechanical, Electrical and Plumbing (MEP) Systems - Property-owned electrical, heating ventilation/ air conditioning, plumbing and conveyance systems.
- Safety and Code Compliance - Life safety, fire suppression systems, and general visual review of property compliance to the Americans with Disabilities Act (ADA). AEI will also contact the local building, zoning, and fire department / authorities to identify any currently outstanding building or fire code violations at the property.
These components are carefully examined for condition, remaining useful life, general code conformance, life cycle costs, sufficiency for their intended use, and extent of defects and depreciation. In addition to a written report discussing the physical assessment of the property, AEI provides immediate/short term cost tables outlining the costs associated with correcting the deficiencies that require immediate attention, mainly code, life safety or ADA deficiencies. AEI also formulates and presents a second set of cost tables which outline the recommendations and costs associated with ongoing maintenance and upkeep over the evaluation (loan) period.
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