As a property manager, it can be difficult to stay current with all environmental rules and regulations. One Source Environmental is here to help. We work closely with government agencies to ensure our rental property inspections are up to date. We provide inspections and treatment for lead paint, asbestos, mold & radon gas. We also conduct thorough due diligence inspections for prospective property buyers. Whether you are new apartment owner or a knowledgeable veteran, we are happy to walk you through each step of the inspection process.
The purpose of the Physical Needs Assessment is to identify and provide cost estimates for the following key items:
1. Immediate Physical Needs: repairs, replacements and significant maintenance problems that should be addressed immediately. (Particularly to correct any building code violations and environmental hazards, identified in the inspection and reporting process)
2. Physical Needs Over the Term: repairs, replacements and significant maintenance problems that will be needed over the next 20 years.
The assessment is based on our judgment of the actual physical condition of the improvements and the expected useful life of those improvements.
Our Inspectors have performed many capital needs assessments, from small programs to large-scale projects. Our capital needs assessments provide a comprehensive report based on your property’s needs and the area your building(s) are located in.
We have experienced inspectors who can perform Physical Needs Assessments and Comprehensive Needs Assessments in accordance with requirements from HUD, LIHTC, USDA and other organizations and are familiar with MAP, Freddie Mac and other nationally recognized formats.
Our Inspectors use the most up to date pricing guides on the market; we base our prices on generally accepted prices and practices in the housing market.
Our Inspectors also do not lump-together items on our reports. We price each item in the assessment, specifying the size, specs, model number (if applicable), and make recommendations were applicable about upgrading systems instead of simply replacing like with like.
Our approach to a Physical Needs Assessment (PNA) includes the following key considerations:
When buying an apartment property, thorough and accurate due diligence is crucial to protect your investment. If not found before closing, hidden issues can cost you large amounts of time and money. One Source Environmental performs full inspections to uncover any potential problems with the property.