A reserve study is an informative report that's geared to benefit developers, property managers, condo associations, or for anyone interested in investing in a piece of commercial or multifamily property. Sometimes known as a Physical Needs Assessment, Full Reserve Study, or a Capital Needs Assessment, these physical inspections of a property provide invaluable information on the current condition of a property and what it will cost to keep the property properly funded for years into the future.
Our primary goal in all of our assessment services is to make sure your report is complete and clear. You have enough to do without having to decipher technical jargon in an effort to understand the objectives within your assessment report. By having a simpler and more comprehensible report, you can be better informed about the state of your property or association, and the work it will need in the future.
Depending on your preferences or requirements, we offer three different services to help you accomplish your assessment:
This assessment is an extensive report in the ASTM E2018 Format or other state agency requirement and covers all aspects of the property's financial and physical planning from present-day through the next 20 years. The ASTM standards technical report is the industry standard for technical assessments. This format captures every location and every condition, including any code violations. It also reports on issues with handicapped accessibility, damage to the structures, or mechanical problems. We include any plans you might have for major rehabilitation, green building upgrades, and energy conservation projects. Our detailed reports include recommendations for replacement reserve and budgeting requirement
A Full Reserve Study for Home-Owner Associations and Condominiums includes a full site visit inspection of the association, including a complete inventory of all of the association assets, and an evaluation of the remaining life and needed funds for an assessment of the replacement reserve requirements. US Housing Consultants performs Reserve Studies throughout the country on associations large and small, and we offer competitive pricing, fast turn-around, and accurate reporting for your association.
This is a detailed assessment of a property's physical condition, including a complete breakdown of each of the major systems and components. We estimate the remaining useful life of different aspects of a property and what it will cost to meet the physical demands for the property in the years to come. After our inspection, we provide an easy-to-read assessment that can be used for financial planning, applications for funding, internal planning for maintenance costs, and a general analysis of the condition of properties. Our inspections are thorough with a detailed report, but one that includes only the information that is relevant to your short-term and long-term planning.
These are simple site visits where we inspect a sampling of units on multifamily properties and evaluate the condition of properties for potential investors. This is a lean and targeted inspection. It's a perfect solution for a pre-purchase evaluation for investors or financial institutions. It's also a great choice for stakeholders who are interested in determining if their assets are being managed properly. If needed or wanted, we can add a replacement reserve financial breakdown to our report.
This is a review of your property's public areas and units that have been set aside for handicapped and disabled persons. We can create a full review of your compliance with ADA/UFAS and create a transition plan for how you can best achieve the full barrier-free design. We can give you a breakdown of all of the actions that need to be taken and the costs for making the modifications.
Whichever assessment you decide is best, you can be assured that we will be working closely with you to make sure our inspection meets your needs, timeline, and budget.
Call US Housing Consultants now for more information and to set up an appointment (877) 228-0003