Services

Three Exemplary Levels of Service

Reserve Studies evaluate the many components of your common area property – mechanical, structural, electrical, plumbing, and other essential systems – and forecast their repair and replacement costs out over 30 years. We prepare custom reserve study reports – required by law in many states – for condominiums, homeowners associations, town homes, co-operatives, community development districts, and commercial property.

We offer the following levels of reserve study services. Have a question about what level of service is best for you? Call us 800 543-8670. We’re happy to help!

LEVEL 1

Full Reserve Study with Onsite Inspection

Our Full Reserve Study Includes an onsite inspection where we measure and completely evaluate all your common area inventory. Your report includes:

• Component Inventory
• Condition Assessment (based on onsite visual inspection)
• Estimated Useful Life and Remaining Useful Life
• Estimated Replacement Cost • Fund Status
• Funding Plan

IDEAL FOR: New associations, associations that have never had a reserve study done, associations that would like a “fresh look” at their common area inventory.

LEVEL 2

Reserve Study Update With Onsite Inspection

We can perform a Reserve Study Update with an onsite inspection on any Reserve Study completed in previous years by any company. Your report includes:

• Review and Adjustment of Prior Reserve Study
• Component Inventory
• Condition Assessment (based on onsite visual inspection)
• Estimated Useful Life and Remaining Useful Life
• Estimated Replacement Cost
• Fund Status
• Funding Plan

IDEAL FOR: Associations that have already had a Reserve Study done, want to comply with state requirements to keep it updated, and are confident nothing is missing from their component inventory.

LEVEL 3

Reserve Study Financial Update

We can perform a Reserve Study Financial Update on any Reserve Study completed in previous years by any company. Your report includes:

• Review and Adjustment of Prior Reserve Study
• Component Inventory
• Condition Assessment (based on onsite visual inspection)
• Estimated Useful Life and Remaining Useful Life
• Estimated Replacement Cost
• Fund Status
• Funding Plan

IDEAL FOR: Associations that have already had a Reserve Study done, want to comply with state requirements to keep it updated, and are confident nothing is missing from their component inventory.

Three Year Loyalty Savings Plan

Save Time, Save Money

Get all your Reserve Study needs taken care of over three years – at a discounted rate. Our three-year series contract includes one onsite inspection (Level 1 or Level 2) and two financial updates (Level 3). Your reports include:

• Component Inventory
• Condition Assessment (based on onsite visual inspection)
• Estimated Useful Life and Remaining Useful Life
• Estimated Replacement Cost
• Fund Status
• Funding Plan

Typically, Reserve Studies have a three-year cycle. In year one, you begin with a new Reserve Study from scratch (Level 1) or a Reserve Study that leverages your previous component measurements (Level 2). Then in years two and three you do a financial review and reserve study update (Level 3). The year you decide to complete the inspection is up to you.

Interested?