Reserve Study

A professional Reserve Study is one of the most proven, cost-effective ways to maintain your property for years to come.

What is a Reserve Study?

A Reserve Study is a long-term capital plan for a property, its infrastructure, and surrounding assets. It provides an in-depth analysis of a property’s physical condition, as well as an evaluation of the financial health of the property’s reserve funds. A Reserve Study includes a detailed list of property components that are commonly owned and maintained, including component quantities, ages, conditions, and useful lives. A Reserve Study will recommend replacement times for each capital asset, dependent upon component conditions and available funding.

A long-term funding plan is established to offset the costs of repairing and/or replacing the various property components, and the Reserve Study will provide recommendations on how to best fund future capital repairs and replacement projects.

Why have a reserve study conducted?

A reserve study is important to ensure that an accurate budget is in place for future projects and to streamline scheduling of capital projects. This in turn minimizes the probability of special assessments and loans.

Your reserve study can be used to more accurately review vendor bids and to ensure that your current reserve funds will be sufficient to fund the future inflated cost of capital projects. Having a reserve study also complies with state law and statutes.
Maintains market value of property
preserves community appearance
assists in the sale of residence
REDUCES COSTS ASSOCIATED WITH DEFERRED MAINTENANCE
EQUITABLE COST SHARING BETWEEN CURRENT & FUTURE OWNERS
MAINTAIN AN ACCURATE, DETAILED INVENTORY OF PROPERTY ASSETS
PROVIDE A CREDIBLE FINANCIAL HEALTH DISCLOSURE TO FUTURE BUYERS
FULFILL THE LEGAL RESPONSIBILITY OF THE BOARD OF DIRECTORS
what is a reserve study

A macro view of your property's finances and condition is provided in a modifiable spreadsheet

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what is a reserve study

Our reserve study report provides a big picture view of the property

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what is a reserve study

Our reserve study reports then focus in with detailed photos

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what is a reserve study

Detailed information is shared for each component.

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what is a reserve study

Our reports outline an easy to follow, prioritized plan for property maintenance

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what is a reserve study

A macro view of your property's finances and condition is provided in a modifiable spreadsheet

Our reports come with a modifiable spreadsheet that enables budgetary experimentation and planning.
what is a reserve study

Our reserve study report provides a big picture view of the property

A 30 year cash flow analysis enables you to plan for the future. This serves as a plan to guide you in planning for assessments, maintenance scheduling, capital projects and inflation.

The 30 year analysis is also presented in easy to understand 5 year increments.

Property components are presented with corresponding colors.
KEY:
Reserves at beginning of the year
Suggested reserve contributions
Annual reserve adjustments
Special assessments
Estimated interest earned on invested reserves
Cumulative expenses
Projected reserves at year end
what is a reserve study
what is a reserve study

Our reserve study reports then focus in with detailed photos

Reserve Studies with a site visit include all of the information you’ll need to plan for replacement or maintenance over time, including detailed photos, replacement costs, condition and useful life and a priority rating. Our reports empower homeowners associations and property managers to make informed, effective decisions that increase property value over time.
what is a reserve study
what is a reserve study

Detailed information is shared for each component

Photos of property components with detailed notes from our degreed engineers are included in our reserve study reports.
what is a reserve study
what is a reserve study

Our reports outline an easy to follow, prioritized plan for property maintenance

Our priority rating system has been developed over nearly two decades of reserve study experience. This makes project and budget decision making straightforward and provides a guide for optimizing resources for capital projects based on the impact on livability as well as component condition.
what is a reserve study

Reserve Studies that are actually easy-to-read

Our reserve studies are known for being the most customized and detailed in the industry that you can easily understand.

Cash Flow Analysis Page

Detailed Reserve Component Page

Visually comprehensive reports

Our easy-to-read reports incorporate a 30-year cash flow graph with 5-year increment detailed expansions. The 5-year divisions show all cash flow numbers and scheduled reserve replacements for any given year.

30-Year Cash Flow Analysis Displaying Years: 1-30

This 30-year graph is a macro view of the cash flow for a property. Green represents “money-in”, Red represents “money-out”, and gray represents the reserve balance in each of the next 30 years.

Division 2: Years 6-10 of Cash Flow Analysis

This 5-year division of the 30-year graph is a micro view of the cash flow for a property. The 5-year detailed expansion shows integrated cash flow numbers, component replacement costs, and recommended replacement years.

Why choose Building Reserves?

Our engineers are highly skilled and don’t take shortcuts. Our process is what sets us apart.

Service Packages

Full New Study

Update Study With Site Inspection

Update Without Site Inspection

Pre-Construction Study

Description of Service

level of service

level i

$$$$$

level ii

$$$$

level iii

$$$

level iv

$$$$

separate service

$$$$$$

Pre-Inspection Meeting

Analysis of Property Documents & Reports

Satellite Image Showing Property Boundaries

Full On-Site Inspection

Responsibility Matrix, Defining Asset Financial Responsibility

Reserve Component Inventory

Inventory Creation

Re-Assessed

From Prior Study

From Site Plans

Inventory Creation

Reserve Component Measurements & Quantities

Re-Assessed

From Prior Study

From Site Plans

Measurement of Assets That Exhibit Construction Defect or Premature Wear

Reserve Component Condition Verified Through Photographic Inventory

Clients Reported Condition

N/A

Customized Engineering Narrative for All Reserve Components

Reserve Component Remaining Use Life Estimate

Clients Reported Condition

Industry Standard

Unit Cost Estimates

Unit Cost Established

Re-Assessed

Re-Assessed

Unit Cost Established

Unit Costs to Resolve Defects or Premature Wear

Preventative Maintenance Recommendations

Details Added Where Engineer Determines Advisable

Details Added Where Engineer Determines Advisable

Preventative Maintenance Blue-PrintTM

Available As An Add On For Additional Fee

Available As An Add On For Additional Fee

Available As An Add On For Additional Fee

Available As An Add On For Additional Fee

Not Available If Reserve Study Not Delivered

Electronic Report (PDF Format)

Detailed Report With All Component Data

Detailed Report With All Component Data

Summary Details

Summary Details

Detailed Report With All Component Data

Excel Spreadsheet Expenditures with Embedded Formulas

Report Revisions

Report Implementation & Support

Insurance Advisory Reports

Available As An Add On For Additional Fee

Available As An Add On For Additional Fee

Not Available

Not Available

Not Available If Reserve Study Not Delivered

About our reserve analysis services

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