Asset Evaluations and Reserve Studies
The building upkeep and maintenance is often one of the largest expenses to owners, management associations, and large corporations alike. Individual unit values and/or replacement costs are often significantly impacted by the level of maintenance and upkeep provided by the Owner and knowing what to do and when to do it is often a difficult Task. BE-CI can help.
Our process starts by performing thorough on-site observations of the components as directed by the Client. During these site observations, our experienced team of engineers and consultants will evaluate the general condition of the components to establish their current state and need of maintenance. We will also evaluate the remaining service life of the components and make recommendations for the best course of action to remedy any issues observed.
Once we’ve established the current state of the asset, we can begin to produce an accurate reserve analysis. The reserve analysis provides a “financial blueprint” for the future of an asset to make sure that Owner, management association, or investment group’s long-term plans can come to fruition financially. Knowing what to save each year to make sure you can plan on roof replacement or exterior maintenance can go a long way to avoiding surprises and unexpected building expenses. To put our findings into one place, BE-CI will provide a written report that addresses all the components observed and include photographic exhibits of each component, lastly we will include the following: Spreadsheets indicating each component’s Remaining Useful Service Life, Estimated Cost to Repair or Replace and Projected Annual Contribution, as well as, a 20-year outlook that identifies the optimum time to replace or repair/ each component.
Whether you are a large corporation that owns thousands of properties across the United States or an owner of a single building, BE-CI is your expert when looking to better understand the condition of your biggest asset and plan for its future maintenance.