A no-site-visit based Reserve Study Update is our least expensive professional level of service. This is because there is no site inspection, no measuring, and no photographic inventory. We rely on the credibility of an existing Component List from a prior Reserve Study. The prior Reserve Study may have been prepared by Association Reserves or a competitor. Component information (i.e., Useful Life, Remaining Useful Life, and Replacement Cost) is “updated” at the office, based on a thorough review and a series of telephone or email interviews with applicable personnel. Reserve Study Update-NSV is an appropriate level of service in years when a site inspection is deemed unnecessary. This could be because the weather has been mild, the Component List is short or uncomplicated, or there have not been any major or recent repairs or replacements. It is on the basis of the updated Component List that we are able to calculate your current Reserve Fund Strength. Finally, we craft a custom Funding Plan that allows for timely repairs and replacements, with an emphasis on avoiding special assessments.
Reserve Study Update
- Sep, 21 2017
Free Reserve funding plan ebook, good pre-read for next Tuesday's webinar: https://t.co/pNM24SQr19
- Sep, 20 2017
How can there be more than one Reserve contrib for the same assoc? Find out Tues, webinar w CE Credit: https://t.co/mGV4AxZmCe
- Sep, 18 2017
It's budget time of year... webinar training Thurs to be at the top of your (Op & Reserve) game! https://t.co/xFAKycvQKZ