property condition assessment
When a real estate purchase, refinance, or other investment is being considered for an existing building, it is critical to have an expert survey the elevators and escalators and identify foreseeable capital expenditures. BOCA Group performs a visual survey of the elevators and escalators to evaluate whether they are code-compliant and in good working order. Clients receive a report with detailed information about the current equipment, its condition, remaining reliable life expectancy, and estimated capital expenditures for upgrades expected over a particular period.
BOCA Group also performs due diligence design reviews of planned new buildings for investors, to verify that the project team is specifying appropriate elevator and escalator systems for the project.