Redevco



Redevco Property Management

Reserve Studies

We represent firms with offices throughout the US with expertise in providing reserve studies for condominium associations, common interest developments, country clubs, golf courses, apartments, schools and commercial facilities. We can also tailor our studies to meet your special needs (Management Plans, Business Plans, Feasibility Studies).

We can provide Detailed Engineering Reserve Studies with a site inspection conducted by a professionally licensed engineer. We can also provide Client Assisted Reserve Studies by where we assist you with the necessary tools to do your own study in house. Faced with our new economic priorities, capital reserve planning for associations can become somewhat of an endangered species. The continuing upward spiral of energy cost is placing unforeseen strains on the operating side of their budgets. Vendors, of course, have no choice but to pass along their increases in costs for fuel and material to their customers. On the income side, associations are themselves looking for ways to reduce their own costs. Driving their cars and heating their homes has created a new set of priorities for them. They are not happy candidates for increases in association fees.

As the pressure on operating costs increases, association management can be tempted to divert to the operating side what formerly had been contributions to the reserve account. However members of associations know that their roofs and roads are still going to need to be replaced on their own schedule, oblivious to the economic crunch.

The future still needs to be planned for because deferred maintenance invariably leads to reduced property value. Now more than ever, preparation of a capital reserve study by a credentialed professional to maximize performance of the common elements is essential. Tighter economic restraints call for closer collaboration between condominium management and the professionals who advise about how to sustain the quality of their primary assets.

The emerging key to achieving sustainability of assets that is closer involvement of management in the preparation of capital reserve studies than has previously been the case. Maximizing performance through collaboration pays dividends. Some boards, particularly those of smaller associations, understandably feel that the fee for a reserve study professional is something they cannot justify when budgets get tighter.

Fortunately, there is a way to engage the services of such a professional at a reduced fee. It's called a client-assisted reserve fund study. The client contributes by providing the basic data about the physical assets of the association, passes it to the reserve specialist who then analyzes the data and produces the work product. The report product details when common area components need to be replaced, what the costs will be to do so and what contributions from the memberships are needed to support the plan. The work product of our engineering firm that we represent is an interactive electronic one that allows unlimited testing of future changes in funding strategies.

A certified reserve specialist is always available for consultation during the preparation of the study.


Our goals are to earn the respect of our clients by:

* Improving curb appeal and property values
* Listen and respond to the needs of our clients
* Make every effort to keep our clients 100% satisfied

You may also contact us if you have any questions or if you have any special needs.

We will be grateful for your business and look forward to a long-term relationship with you.

Experience you can count on

* Residential
* Commercial
* Condominiums
* Country Clubs
* Golf Courses
* Apartments
* Schools



Redevco Corporation
 


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