PPA's Services

Property Performance Assessments serves the North Texas region and provides several types of inspection service to our clients. Commercial and Residential Real Estate Inspections, Mortgage Lender Inspections, New Construction Inspections, Real Estate Consulting Services, Insurance VIP Inspections, Risk Assessment Inspections, Adjusting Property and Casualty Insurance claims, Disaster Housing Inspections and other services.  If it needs inspecting, PPA has the experience and knowledge to inspect it. 

Residential Property Inspections

According to statistics from the “American Society of Home Inspectors” (ASHI), and the “National Association of Home Inspectors” (NAHI), only about 10 to 15% of homes sold ten years ago had real estate inspections performed. Today, more than 50% of the houses sold in the United States are inspected and more homes are expected to be evaluated in the future.   Because of the increased cost of home ownership, technological advances in building construction, materials and a multitude of financing options, it is essential to have residential properties inspected. This includes newly built constructions as well as older dwellings.  Since some older construction practices and materials are construed as antiquated by today’s standards that can pose some safety hazards, it is in the best interest of the real estate buyers, owners, sellers and other interested parties to be aware of certain defects that are not always obvious to the untrained eye.

Commercial Property Inspections

Mortgage Lenders' Inspections

Today, many mortgage lenders are requiring inspections for the properties they mortgage.  With the current escalation of foreclosures, lenders are interested in the current condition of the property they have a financial interest in. Property Performance Assessments can determine the current condition, occupancy and other information.

• Property description

• Occupancy Status

• Property condition

New Construction Inspections

New Construction inspections are often referred to as "Phase Inspections" and are extremely critical when building new construction.  However they are often overlooked since home owners assume that phase inspections are being performed by city code inspectors on the homes  they are having built.  This is not always the case though.  It is rare to have phase inspections performed by city or municipal inspectors if the property is being built outside of city limits.  Many builders admire this situation since it saves  in construction cost by not having to pay for code inspections or procure building permits.  A home that is being constructed without proper phase inspections performed is a loosing proposition to the home buyer.  Most construction problems can be eliminated if all homes are inspected in phases while being built.  PPA's inspects the following in seven phases.

• Foundation form framing and underground utilities

• Poured foundation, rough framing and roof decking

• Rough plumbing, electrical and mechanical

• Exterior facade, fenestrations and roof covering

• Interior drywall, cabinets, and plumbing fixtures

• Interior doors, floor covering, trim and fixtures

• Final inspection of appliances, electrical, mechanical, and plumbing,

If it is mandatory to have homes inspected by municipalities when being built inside city limits, doesn't it make since to have phase inspection performed where construction is outside city limits and are not regulated by code officials?

Real Estate Consulting

PPA provides consulting services for buyers as well as sellers of commercial and residential properties.  Sellers greatly benefit from this service since we identify specific problems that are deemed as  "in need of repair".  This valuable services accomplishes the following:

• Properly prepares real estate for sale

• Helps maintains original selling price of property

• Limits liability for non-disclosure of property conditions

• Minimizes stumbling blocks often associated when negotiating contracts and offers. 

• Alerts sellers of potential and/or immediate safety issues

• Encourages potential buyers to waive the inspection contingency during option periods

• 120 day home warranty at no charge

Usually, real estate buyers are going to have the property they are buying inspected. It's in a sellers best interest to have a pre-listing inspection conducted prior to having a buyer's inspection performed.  PPA can assist it's clients with this process.

Insurance VIP Inspections

Many insurance carriers and their underwriters are requiring a Voluntary Inspection Program (VIP) inspection performed.  These inspections are generally requested when a property has sustained damage and an insurance claim has been paid to repair it. This inspection is usually ordered when a home owner's policy is written or renewed. 

When a VIP inspection is performed and the property meets the criteria of being in average or better than average condition, then a certificate is issued and will usually be sent to the insurance carriers.  This allows insurers to properly set the premium for coverage.

Risk Management Inspections

These are inspections ordered by an insurance carrier's underwriter so as to identify conditions, exposures and hazards to a risk (property) that they will write coverage on.  Risk Assessment Inspections are requested prior to renewing insurance coverage or extending coverage for a risk.  A typical risk assessment inspection observes and details the following:

• Documents type of Construction

• Describes Hazards on and around premises

• Assesses Exposures

• Determines Physical Condition

The information PPA collects for it's insurance clients is used to determine Insurability of property and determine the premium for insurance coverage.

Property and Casualty Inspections

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