property condition assessments
A Reserve Study is a physical and
financial review of an Association's major common area items. The
Reserve Study outlines how condominium and homeowner Associations can
prudently prepare for the ongoing renewal of their common areas. Based
on a professional assessment of property conditions, the Association can
plan for repair and replacement costs and establish reserves, which
should in turn reduce the need for large special assessments or unseen
expenses.
Construction Decisions, Inc. is a leading provider of Reserve Studies in the Northwest Region. Since 1992, our experienced team has provided thousands of in-depth reviews of property conditions, assessing the cost and timing of expected expenditures. We use trusted published cost estimating data and also use local suppliers and contractors to assure accurate projections. Our Reserve Study Reports are compliant with the state mandated requirements and meet the Community Association Institute's (CAI) Standards.
Our services include, but are not limited to:
- inventory development of common area items requiring replacement
- visual inspection (condition assessment of common area items)
- 30 year reserve cash-flow and replacement projection
- property report, including photo documentation, of capital reserve items
- maintenance guide
- UPDATING reserve studies (CDI and competitor reports)
State Laws
Washington State
Senate
Bill 6215 (Condominium Associations- Reserve Accounts and Studies).
Oregon State
Chapter 100 -
Condominiums
We are committed to and involved with our customers on an ongoing basis. We provide a number of options for continuing service and would ask you to enquire further about these choices. Our user-friendly reports are well illustrated, providing visual connection to the technical data presented. We aim to provide a timely and cost-effective 'roadmap' to financial security
CALL FOR A FREE ON-SITE CONSULATION TODAY OR
REQUEST A PROPOSAL.
