Property Condition Assessment
Acquiring new buildings in New York is a major investment. One of the most important factors to consider is the condition of its enclosure, from foundation to roof, windows, and exterior walls. A Property Conditions Assessment is an invaluable due diligence tool that provides a comprehensive evaluation of a property’s physical condition. It helps you anticipate costs, meet safety regulations, and ensure long-term performance.
Questions to consider:
How will the building perform over the next decade?
Is the existing building envelope durable, or will it lead to high maintenance costs?
How can you reduce exposure to rising energy costs?
Where does the building stand in the FISP cycle, and what work is needed for compliance?
What impact will Local Law 97 have, and how can you meet evolving energy standards?
Who benefits from a Property Conditions Assessment?
Real Estate Investors & Developers – To evaluate a potential purchase and anticipate future costs.
Building Owners & Property Managers – To review existing property portfolios, plan budgets, and navigate compliance.
Architects & Engineers – To make sure new designs meet energy and structural standards.
Co-op & Condo Boards – To make informed decisions on upgrades and maintenance
Lenders & Insurance Providers – To assess long-term risks before financing a property.
Want help assessing a building or buildings you own or are thinking about buying?
Why Property Condition Assessment Matters
With nearly 30 years of experience assessing building enclosures, we can help clients determine project viability by quickly identifying existing issues and estimating both immediate and future repair costs. Our assessments also support long-term portfolio management, helping property owners to budget and plan effectively.
What We Offer
Comprehensive Evaluations: Full analysis of building enclosures, including structure, cladding, and windows.
Cost Forecasting: Estimates for current repairs and potential future expenses.
Compliance Guidance: Insight into FISP and Local Law 97 requirements.
Portfolio Assessments: Strategic planning and budgeting support.
Energy Efficiency Considerations:
Insulation & Thermal Performance – Evaluating walls, roofs, and windows for heat retention and efficiency.
Air Infiltration & Ventilation – Identifying leaks and inefficiencies that increase energy costs.
Window & Glazing Efficiency – Assessing outdated windows that contribute to energy waste.
HVAC Impact – Ensuring the building enclosure supports efficient heating and cooling.
Renewable Energy Potential – Exploring options like solar panels and green roofs.
CANY’s Involvement
Step 1: Initial consultation and site assessment
Step 2: In-depth analysis of the building enclosure system(s)
Step 3: Cost estimation and compliance evaluation
Step 4: Strategic recommendations and ongoing support
Key Benefits
Expert assessments backed by decades of experience
Transparent cost estimates with no surprises
Guidance on FISP and Local Law 97 compliance
Long-term strategies to reduce maintenance and energy costs
Energy efficiency recommendations to reduce operating expenses
FAQ
How do you conduct a condition assessment?
The assessment is usually conducted by a walk-through inspection, including the use of binoculars and high-powered cameras, and/or mathematical modeling. Factors considered include building age, design, and materials used.
Do you assess residential as well as commercial buildings?
Yes, we work with both commercial and residential properties.
Can you help with budgeting for future maintenance?
Yes, we provide cost forecasts to help clients plan ahead.
How does Local Law 97 affect my building?
Local Law 97 sets limits on carbon emissions for large buildings. We assess compliance and recommend upgrades to improve efficiency.
