Reserve Study

Condominium and HOA Reserve Studies for All Northeast Ohio including: All work by local state licensed Professional Engineers (PEs) and Reserve Specialists. replacement of capital requirements of the property. This study will serve as a working tool well The Criterium Engineers Condominium Association and Home Owners Association Capital Reserve Stu... dy combines an engineering review of building components with a financial analysis to determine what must be set aside on a periodic basis in a capital reserve fund to cover anticipated repairs/replacements of various system components within the facility in question during the next twenty years. In our analysis, we employ software developed exclusively for Criterium Engineers by KPMG. Condominium associations and other Common Interest Realty Groups will appreciate Criterium Engineers comprehensive approach to reserve studies. If your reserve is underfunded, we will develop practical alternatives that combine common sense engineering and "Big Five" accounting expertise. If your property has known problems, or if we uncover them, we are available locally to develop repair designs, bid packages, and manage construction. If you have never had a reserve study, you will have peace of mind knowing that a reliable analysis has been performed by competent professional specialists and that you have done your capital budget due diligence. The software provides Common Interest Realty Groups with an analysis of their current capital budget and reserves, future requirements, and various funding options for ensuring the viability and health of the capital reserve fund. The standard Reserve Study consists of 4 elements: manager and association Board of Directors. comment on the structure of the building. independently owned Professional Engineers in over 60 offices nationwide. To summarize the qualifications of the home office, Criterium Engineers has: * Examined more than 500,000 buildings throughout the United States. * Experience with hundreds of condominium and home owner ...Read More