A site-visit based Reserve Study Update is a slightly less time-consuming and less expensive level of service. This is because Updates do not include measurements and 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. All Components are inspected, for the purpose of updating Useful Life, Remaining Useful Life, and Replacement Cost estimates. Some measurements may be spot-checked for accuracy and component additions or deletions may be made. Reserve Study Update- WSV is a level of service that is appropriate for clients to choose every 2 to 5 years. Clients with long or complicated Component Lists or with major repair or replacement projects approaching or recently completed, may choose this level of service on a more frequent (1 to 2 year) basis. We document your site-visit based Component List update with a full-color photographic inventory. 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, 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
- Sep, 15 2017
Where do you go for reliable Reserve Study training, based on National Reserve Study Standards? https://t.co/ygTq7V4p2P
- Sep, 14 2017
Board members or mgmt staff need some Reserves training? Sign up for webinar next week: https://t.co/xFAKycvQKZ