|
A Reserve Study is a business tool that assists Building
Ownership with long-range physical and financial planning.
Each report includes a property review with an assessment
of the general condition of each major building component
and notes any observed deficiencies. Also included is a recommended
capital expenditure schedule for a 20-year time-period and
a cash-flow bar chart analysis to reflect projected expenditures
and their relationship to the annual reserve contribution
and reserve fund balances. The report serves as a guideline
for Building Ownership to manage timely repairs, to undertake
both planned and unexpected repair projects and to assist
with protecting the building's value in the marketplace.
|
