Physical Needs Assessment

The purpose of our assessments is to provide the client with a straightforward and understandable reporting of property conditions subsequent to an on-site review and to document the physical condition of the property and to identify material physical deficiencies of building systems and components. Typically these include: the structural frame and building envelope, roofing, plumbing, HVAC, electrical, vertical transportation, life safety/fire protection, and interior elements, such as appliances, flooring and interior walls and ceilings. Additionally OGI inspects site characteristics including, storm water drainage, paving, sidewalks, landscaping, and any recreational facilities. OGI’s assessments meet or exceed the ASTM (ASTM E2018 – 15 Standard Guide for Property Condition Assessments: Baseline Property Condition Assessment Process) OGI routinely conducts Property Condition Assessments and Physical Needs Assessments to identify and provide cost estimates for the following key items:

• Immediate Physical Needs – Fire and life safety issues, ADA Level I compliance, code compliance, repairs, replacements and significant deferred maintenance items which should be done immediately.
• Physical Needs Over the Term – Repairs, replacements and significant maintenance items which will be needed over the term of the mortgage and two years beyond for building components that have or will reach the end of their useful life during the lender established loan term.