Team Engineering works with property managers to evaluate the current condition of all major building systems and components. The engineer’s assessment will take into account building materials used, construction quality, remaining useful life and ultimate replacement costs of the material or building components. A thorough Reserve Study is critical to getting an accurate projection of repairs for budgeting.
Life-cycles in dollars and cents. The data from the engineer’s assessment is entered into a computer program which calculates annual reserves that will be needed at the time when the capital expenditure is expected to occur. With this knowledge, property managers and their clients have a snapshot into future liabilities that may put a strain on their current reserve fund. By comparing current funding levels with these forecasted expenditures, we can provide useful projections that indicate where shortfalls may occur.
If short falls occur, funding options are developed by Team Engineering for the property manager to discuss with their clients and choose the option that works best for them. As these repairsand upgrades are implemented, we update the projected reserve budget for a condominium association on an annual basis. A major review every 5-7 years is a good strategy for maintaining a healthy reserve fund.
Effective cost management is the hallmark of a successful property manager. Team Engineering helps to keep the reserve fund
locomotive on track!
I’ve had recurrent problems with ice dams and ceiling leaks since 2008. Because previous repairs were unsuccessful in preventing recurrences I asked... [ READ MORE ]
After researching three other engineering firms, our neighborhood association hired Team Engineering to prepare a capital survey for us. We made the r... [ READ MORE ]
Brian Hansen came out to look at a house I almost bought. His knowledge and written account of what he saw showed my wife and I that maybe this was n... [ READ MORE ]
I worked with Brian Hansen. He is extremely professional and was very innovative in finding solutions to issues I was having. I highly recommend him! ... [ READ MORE ]
Besides being qualified, skilled,and professional, Team Engineering is focused. They listen. John turner and Dan Martel must have dozens of appointme... [ READ MORE ]