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You are here: Home » Resources » Articles » Property Condition Reports: Spend a Little to Save a Lot

July 18, 2011

Property Condition Reports: Spend a Little to Save a Lot

By Joseph Derhake, PE

How Much Would You Pay to Uncover Hidden Problems at an Investment Property?

Property Condition Reports can identify crucial information. What would you pay to uncover hidden problems at a potential investment property? Would you pay $10,000 to discover a $500,000+ problem? Real estate investors can find out crucial information about an asset by having a Property Condition Report done. A Property Condition Report, akin to a commercial building inspection, is an evaluation of all improvements at a property including the building and building systems.

Continue reading the GlobeSt blog here.

About the Authors

Joseph Derhake, PE

Joseph Derhake, PE

Chief Executive Officer
Joe Derhake, PE, serves as CEO of Partner Engineering and Science, a global environmental, engineering, and energy consulting firm. A registered Professional Engineer for over 25 years, Mr. Derhake has touched thousands of commercial real estate projects, from development and transactional due diligence to site remediation, asset optimization, ESG initiatives and more. His clientele includes many of the world’s largest lenders, real estate investors, and corporations. Mr. Derhake is a registered civil engineer in multiple states. He holds a bachelors degree in civil engineering from Michigan State University and Masters in Business Administration from University of Southern California.
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