Assessment Question You are tasked with (i) Developing an inspection checklist to undertake a condition assessment on a dwelling. (ii) Undertake a condition assessment of a dwelling after developing...

Assignment 2 – Asset Management Plan
Jessica Johnson - 12152507
Table of Contents
Summary of Condition Assessment:    3
Comments on defects found    3
Recommended improvements: Costs and rectification timeframes    3
On-going maintenance works    3
Appendix 1: Condition Assessment Checklist:    4
Appendix 2 – Inspection Photo Evidence    7
Summary of Condition Assessment:
The purpose of this Asset Assessment Plan to grasp a full understanding of where our building/property asset is currently at, what changes and or building works need to be undertaken, recommendations on possible improvements as well as a schedule of on-going maintenance works applicable to the building. The condition assessment of unit 2 of 6 Peacock Place, Burleigh Waters has revealed certain minor and certain major repair requirements. It is crucial to consider the condition of the property in order to understand and evaluate the extent of repairs needed.
The condition assessment reveals that there is not much damage in the property. The asset does need certain minor repairs. The main concerns include down pipes in the backyard and close to the laundry area. They are damaged and need replacement along with painting of area that is damaged due to water leakage in the corners of the downpipes. Apart from this the minor damages include peeling of cornice in the bathroom, water damage in ceiling of garage, cracked tile on steps near laundry and the external power point as well, few slots not working and a loose switch. Most of these issues require minor repairs and can be done easily with a small cost being involved. But the pipes and rust and moulding need major repairs which might cost up to a few hundreds of dollars.
Comments on defects found
Currently the dwelling located at unit 2 of 6 Peacock Place, Burleigh Waters, is the only building/property asset at this time. Upon the condition assessment the building has been kept in a tidy condition, with minimal defects. There were structural defects picked up during the assessment of the building. The structural defects, though not major, if left unattended, would result in further damage which could be severe and hence negatively impact the asset value to a great extent. For instance, the peeling of cornice, if not repaired through waterproofing, will result in further peeling of the cornice in the bathroom which would be rapid and would require lot of effort and money to fix it later on. Also, issues like light switches and power points, if not repaired will result in affecting other power connections in the building. So, minor repairs also form a concern. As far as the mold formation and rusting of pipes is concerned, if it is not repaired, it could result in damaging the complete exterior structure of the building, leading to a need for complete painting of the exterior structure. This could lead to a very high cost and so needs to be repaired immediately.
Concerns
The water leakage in the garage as well as the peeling of cornice form major concerns as it requires checking of internal water pipe leakages. If not detected properly, it could lead to lot of damage...