Search
Archives

ASTM E2018 Standards for Property Condition Assessments

As with other ASTM Standards, there is a timeframe in which the standards must be reviewed by a committee and updated as necessary. The recent changes to the PCA Standard, promulgated on November 5, 2015, were minor, affecting items such as rewording, new definitions and the re-organization of several subsections.

However, there are some notable revisions. These include:

Revised Accessibility Appendices (ADA and FHA)

The most notable change in the standard is the replacement of the tiered approach pertaining to ADA Accessibility in the 2018-08 standards with new guidance for a limited “Baseline Evaluation”.

The baseline ADA due diligence is a Visual Accessibility Survey consisting of a limited scope visual survey and completion of The Uniform Abbreviated Screening Checklists (2010 ADA and FHA) provided in the Appendix as guidance. It excludes the taking of measurements or counts and is subject to representative sampling. A detailed study of the conformance of properties with the requirements of FHA is beyond the scope of this guide; however, an opinion of conformance is sometimes requested in connection with the Property Condition Assessment. Supplemental assessment may be needed to satisfy the risk tolerance and desired level of due diligence of some users.

New ASTM E2018 Definitions

A Physical Condition is now defined in Sect. 2.3.24 as “the physical state of a property, system component or piece of equipment. Within the context of the assessment, the consultant may offer opinions of the physical condition of the property, or of systems, components and equipment observed. Such opinions commonly employ terms such as good, fair and poor, though additional terms such as excellent, satisfactory and unsatisfactory may also be used.”

Long Term Cost (Replacement Reserve Tables)

The long term cost/replacement reserve tables are common to the PCA and an expected service by most PCA users. Previous E2018 versions, excluded referencing reserves/ long term costs, which has now been added to the Additional Scope Consideration, Section 8.5.3, recognizing that most PCAs include some level of assessment of long term costs.

Fill out the form below to download the handbook.

Form #1 - Redirection to PDF

Form #2 - Sends email containing the link to the PDF

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

eNewsletter - NV5 Real Estate Transaction Services

Contact NV5 Real Estate Transaction Services

Download NV5 2022 Compliance Calendar

Please fill out the form below. After successful form submission, you will be redirected to the requested file. Thank you.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
We are an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status. We ensure nondiscrimination in all programs and activities in accordance with Title VI of the United States Civil Rights Act of 1964. If you need more information or special assistance for persons with disabilities or limited English proficiency, contact MaryJo OBrien at (954) 495-2112. Persons with hearing-and speech-impairments can contact the NV5 by using the Virginia Relay Service, a toll-free telecommunication device for the deaf (TDD). Call 711 for TTY/TDD.
This field is hidden when viewing the form

Hyperspectral Imaging - Technically Speaking

Our internal innovation and development team constantly analyzes new technology and develops solutions to meet our client’s challenges. Our Technically Speaking series is one way we share our technical findings with the professional community. 

Please tell us a little about yourself by filling out the form below, and we’ll share the document with you, thanks!

Accuracy Part 1- Technically Speaking

Our internal innovation and development team constantly analyzes new technology and develops solutions to meet our client’s challenges. Our Technically Speaking series is one way we share our technical findings with the professional community. 

Please tell us a little about yourself by filling out the form below, and we’ll share the document with you, thanks!

Prune Optimization Webinar Recording

NV5 Geospatial releases a new predictive modeling platform for vegetation management that uses existing lidar and historical data to identify the relative level of asset risk from trees by quantifying the potential for causing asset damage. 

Please tell us a little about yourself by filling out the form below, and we’ll share the document with you, thanks!

Topobathy Lidar - Technically Speaking

Our internal innovation and development team constantly analyzes new technology and develops solutions to meet our client’s challenges. Our Technically Speaking series is one way we share our technical findings with the professional community. 

Please tell us a little about yourself by filling out the form below, and we’ll share the document with you, thanks!

Contact Geospatial

Contact Geospatial