Common Sense Physical Needs Assessment
Physical Needs Assessment
A study which is an informative report that's geared towards anyone interested in investing in a piece of commercial or multifamily property, e.g. developers, property managers, or condo associations. Known as a Physical Needs Assessment, or a Capital Needs Assessment, or maybe a Full Reserve Study. These physical inspections of a property provide invaluable information on the current condition of a property and what it will cost to keep the property properly funded for years into the future.
At Apollo Energies, our consultants primary goal is to make sure your report is complete and clear. We feel you have enough on your plate having to decipher technical jargon in an effort to understand the objectives within your assessment report. By having a simpler and more comprehensible report, spelled out in laymens terms, you can be better informed about the state of your property, and the work it will need in the future.
Capital Needs Assessment (CNA)
This assessment is an extensive report in the ASTM E2018 Format or other state agency requirement and covers all aspects of the property's financial and physical planning from present-day through the next 20 years. The ASTM standards technical report is the industry standard for technical assessments. This format captures every location and every condition, including any code violations. It also reports on issues with handicapped accessibility, damage to the structures, or mechanical problems. We include any plans you might have for major rehabilitation, green building upgrades, and energy conservation projects. Our detailed reports include recommendations for replacement reserve and budgeting requirement
Due Diligence Inspections
These are simple site visits where we inspect a sampling of units on multifamily properties and evaluate the condition of properties for potential investors. This is a lean and targeted inspection. It's a perfect solution for a pre-purchase evaluation for investors or financial institutions. It's also a great choice for stakeholders who are interested in determining if their assets are being managed properly. If needed or wanted, we can add a replacement reserve financial breakdown to our report.
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