A
comprehensive reserve study can be a critical tool for any administrative
property board. This study includes an in-depth physical and financial analysis
of a property or group of properties. This analysis allows for the
determination of what a fair reserve contribution is. Reserve studies can also
offset the steadily ongoing deterioration of association assets by focusing
attention on those assets before they require major repairs.
Facilities
Advisors Inc. was established in order to provide for the complete facilities
maintenance needs of common interest realty associations or other
organizations. They have more than 20 years of experience working hand in hand
with condominium associations, homeowners associations, planned developments, and
more. They have helped condominium complexes, hotels, churches, schools, and
governmental properties perform and compile a comprehensive capital reserve study.
If
you are part of a homeowners’ association and are looking for a consulting firm
that has extensive experience in a variety of reserve fund studies, then you
can rely on the professional team Facilities Advisors Inc. Their advanced
Facilities 7 software makes it easy to financially manage any number of
integrated facilities. The software provides users with resources for long term
capital budget replacement, capital improvement planning, operations
management, asset management, insurance tracking, depreciation, project
management, and more.
A
properly organized reserve fund study can help you adequately prepare for any
unexpected major property repairs by letting you know when they are estimated
to occur. The establishment of a reserve fund is a great way to financially
stay on top of ongoing maintenance projects. Reserve studies will provide you
with a recommended multi-year reserve funding plan, an evaluation of the
strength of your current reserve fund, and a listing of the major property
assets that must be funded through reserves. To learn more, visit www.reservestudyusa.com.
No comments:
Post a Comment