Pre-purchase condition survey
Commissioned by a lender or acquirer before a transaction completes. States the condition of the asset, what it would cost to put right, and what that means for the price being paid.
Clear and buyer-focused. The client is making a significant financial decision — be direct about material concerns without being alarmist. Balance technical detail with accessible language.
- 1 Executive summary An overall assessment of the asset's condition, a condition rating, and the key considerations for the prospective buyer. Highlight any material defects or concerns that could affect the purchase decision.
- 2 Asset description Full details of the asset: type, make/builder, year, dimensions, configuration, equipment inventory, and any other relevant specifications. Note the asking price if provided.
- 3 Scope of survey What was included and excluded from the survey, any access limitations, the conditions under which the survey was carried out, and any areas that could not be inspected.
- 4 Structural assessment Findings on structural condition and integrity. Cover all primary structural elements, identify any areas of concern, and provide a clear assessment of structural soundness.
- 5 Mechanical & systems assessment Condition of all mechanical, electrical, and ancillary systems. Note age, operational status, maintenance history (if available), and any defects or concerns.