A reserve study your HOA can rely on
Maintaining the condition and value of your association’s assets and fulfilling your Board’s fiduciary responsibilities are important. At Criterium Engineers, we understand that. And we know buildings. For the past 65 years we have built an enviable, national reputation for consistently delivering a valuable, professional Reserve Study that serves as an effective tool to help manage your association.
The Community Association Institute (CAI) says this about Reserve Studies: “One of the primary business duties of Community Associations—planned communities, condominium associations, and cooperatives—is to maintain and preserve property values of residential units and the common property… The funds that are set aside for this purpose are commonly called Reserve Funds, Replacement Reserves, Replacement Funds, or simply Reserves.”
With extensive engineering expertise and a commitment to effective communication, Criterium Engineers will help you satisfy those duties prescribed by CAI.
Request a Proposal!Real engineering expertise applied in real time
Every Reserve Study performed by Criterium Engineers is conducted and/or reviewed by a licensed, Professional Engineer, something very few companies can claim. In fact, our experienced engineers perform hundreds of Reserve Studies every year as part of more than 15,000 building inspections we perform annually. We know buildings. And we understand the importance of clearly communicating our findings with Boards, committees, and property managers, through reports and meetings.
We are your community engineer
Most condominium associations prefer to work with an engineering consultant that knows their community. We have a local presence in 22 states and Canada, ensuring your Criterium engineer has local expertise with buildings, maintenance costs, and other considerations.
Clear communication with your homeowner association
We do more than write your report in a clear, easy-to-understand way. We attend association meetings to help you present and explain our study results to your community. Your personal Criterium engineer will be by your side every step of the way.
Meeting—and exceeding—requirements and regulations
A standard CAI compliant Reserve Study focuses on your assets; describing quantity, condition, expected useful life (EUL), remaining useful life (RUL) and probable replacement costs. Our financial analysis measures the impact of maintaining and replacing these key components over the next 20-30 years and recommends a reserve funding strategy to make sure adequate funds are available when needed.
Upon request, we can provide even more. Our Enhanced Reserve Study can:
Include a Property Condition Report with comprehensive descriptions of critical components and systems like plumbing, HVAC, roof and siding, and common interiors.
Suggest accessibility improvements to amenities and assets, providing a guide for good property management.
Propose alternative solutions that upgrade instead of replace existing components, so properties operate more efficiently.
At Criterium Engineers, we want every Reserve Fund Study to be the start of a long-term relationship. From follow-up studies to engineering consulting, we can continue to help you support the physical and financial health of your homeowner’s association.
For the life of your association™
The value of a Reserve Study provided by Criterium Engineers is best revealed in maintenance cost savings, smart investments in improvements, and peace of mind. Request a proposal by clicking on the button below for your next reserve study. Contact Criterium Engineers to turn an in-depth review of the assets for your association into a clear picture of your community’s financial health.
Request a Proposal!