Reserve Study Update- With Site Visit

A “Reserve Study Update- With Site Visit” is typically done every 3 to 5 years to visually document all the changes to your Component List. Check your state legislation for required frequency.

Since counts have already been conducted, measurements have already been taken, and the Component List has already been established, a Reserve Study Update- With Site Visit is less time-intensive than a FULL study.

• Our time at your property will vary, depending how long it has been since your last site visit study.
• We’ll need to speak with your management and maintenance staff about repairs & replacements that have been completed since the prior study , make observations, and re-assess the condition of your components.
• Once we’re back at the office, we’ll be in contact with your service providers and vendors, as necessary, to update your Component List, which serves as the foundation of every Reserve Study.
• The final phase of work includes re-computing your Reserve Fund Strength, re-assessing your Funding Plan, and updating your Reserve Study deliverables.
• Our funding plans allow for adequate cash flow, timely repairs & replacements, with an emphasis on avoiding the need for “catch-up” sources of funding.