Effective Planning for Today & the Future
Successful Condominium Associations need to have appropriate financial tools to plan for the care and maintenance of their facilities and grounds.
Identify and Estimate Anticipated Costs with a Capital Reserve Study
Capital reserve studies are one of the required financial tools for successful condominium association management. A Team Engineering capital reserve study will identify and estimate anticipated costs of repair and replacement of the major common building and grounds components. A reserve study is focused on capital (non-routine maintenance) projects, and typically projects over a twenty year period to determine the level of funding that is needed.
Begin with a Thorough Inspection
At Team Engineering, this process begins with a thorough, engineered inspection of the buildings and grounds as well as a review of plans for the complex, if available. With the condition of property identified along with the current funding levels, our engineering team develops a vision for capital projects and associated funding options.
Finish with a Full Report
Team Engineering presents a written narrative report of our findings with the funding level options for the Condominium Association or Home Owner Association’s review and consideration. Our objective is to work closely with our clients to create a report that is an effective planning tool for today and beyond.