Reserve Study Consultation And Training Services

If you are in need of Reserve consultation and training services there are several qualifications that the company you select should have. They should be able to provide comprehensive consulting services for all of your property reserve planning (based on thorough investigations), repair and maintenance projects, construction, and design. They should also have a full complement of building facilities assessment specialists, inspectors, designers, engineers, and architects available to preform your Reserve study. They should have highly skilled speciality/general contractors and other professionals on call to assess critical components including property infrastructure, grounds maintenance, landscaping, exterior painting, siding, and roofing.

They should be able to provide you with a Reserve studies primer to help you make sure that they understand that a Reserve study is made up of two parts: 1) The evaluation and analysis of the association’s Reserve balance, income, and expenses (Financial Analysis), and; 2) The information about the physical status and repair/replacement cost of the major common area components the client is obligated to maintain (Physical Analysis). Following these recommendations will help ensure a client with smooth budgetary transitions from one fiscal year to the next, and either eliminate or decrease the need for unexpected assessments.

The financial analysis should consist of a the funding status and the funding planning. The physical analysis should consist of life and valuation estimates, condition assessments, and component inventory. There are numerous websites dedicated to this profession but the one firm that stands out and should be strongly considered is the Seattle reserve study firm. Regardless of who you select to provide Reserve study consultation and training services it is important that they have the ability to give property owners, board members and community association managers assurance that a funding plan is in place to pay for property expenses identified early and those that are anticipated in the future...read more...