CAPITAL NEEDS ASSESSMENTS
What is included in a Building and Site Review?
- ADA Compliance
- Site Condition/Drainage Building Systems and Equipment
- Fire and Life Safety
- Building Envelope
- Flashing – Windows/Doors
- Rehabilitation Summary
- Maintenance Summary
- Component Cost Data
- 10, 20, or 30 -year Replacement Schedule
- Unit Summary
- Unit by Unit Inspection Information – individualized for your property
- Digital Photos
All findings are compiled and financial information is provided to you on a spreadsheet, for an easy to read scope of the property’s rehabilitation and replacement needs, from the roof to the sidewalks and parking lot. All reports and corresponding photos are provided for you digitally for quick review from anywhere, are printable, and become a historic record for future anlysis.
Reserves & Capital Plans
Every component has an expected life span, once installed a remaining useful life, and a replacement cost. A comprehensive plan will help you save for all the necessary items and not be financially surprised when it’s time to repair it. Having financial reserves not only helps with your stress level, it usually means that your building is being repaired and maintained in systematic fashion, and those buildings look better and are worth more.
Our reserve analysis and replacement schedules along with current and real world repair / replacement cost estimates will help you assemble a plan for ongoing maintenance and if needed replacement. Understanding what can be maintained and the useful life extended or if it needs to be replaced and why is a critical aspect of our analysis. Our team has more than 35 years in the industry and this real world knowledge gives our clients an advantage of prolonging the lifespan of certain components and focusing on replacement of needed items within the proper schedule. In addition, after significant repairs and/or replacement many of these existing plans need to be updated to reflect the new components installed as a part of the new useful life process and ongoing maintenance protocol.