Capital Reserve Studies

Jul 06, 2022

Financial Planning for Your Property

It’s that time of year when Community Associations will soon be looking toward preparing their budgets for their next fiscal year. That process often involves the provision of a Capital Reserve Study or Update.

In the State of Maryland, House Bill 107 (effective October 1, 2022) requires certain cooperative housing corporations, condominiums, or homeowners associations to have a reserve study conducted of the common elements and to update the study every 5 years.

As we have done in the past, Becht Engineering BT, Inc. will be offering client friendly rates this Summer/Fall for the updating of any Reserve Study previously prepared by Becht. Additionally, even if you require the update of a study from another resource, or if you require an original study for a property which currently does not have a Reserve Study, as our valued client we are also happy to offer very competitive pricing on Full Reserve studies. We are typically able to provide a draft of your Report shortly after completing our on-site inspection of your property. We can also facilitate virtual conference meetings with Managers and Boards to review or ask questions pertaining to the study.


As a Board Member or Community Manager, you may wish to relay this offer on to your colleagues, and as always, feel free to contact us to discuss this offer along with any other engineering needs that your communities may be in need of. We can also offer in-person lunch & learns for your convenience. 


Click here to fill out our online Request for Proposal form or contact us today at 800.772.7991 or information@bechtbt.com for a user-friendly and comprehensive Reserve Study of your property.

We prepare Reserve Studies for:


Residential
  • Townhouses
  • Condominiums
  • Homeowner Associations

 Institutional
  • Hospital/Healthcare Facilities
  • Religious Institutions
  • YMCAs

 Industrial/Commercial
  • Commercial Properties
  • Industrial Complexes

 Resort
  • Time Share Developments
  • Hotel and Motel Complexes
  • Outdoor Resorts

We can assess the following items and provide life spans and replacement costs for:


  • Roofs
  • Facades/Siding
  • Balconies/Decks
  • Stoops/Stairs
  • Foundations
  • Garages
  • Pools
  • Retaining Walls
  • Concrete/Pavement
  • Fencing
  • Elevators
  • Mechanical Systems
  • Electrical Systems
  • Plumbing/Fire Protection Systems

Reserve Study features include:


  • User friendly and easily understood
  • Provide 30-year cash flow scenarios
  • Based on industry standard cost estimating
  • Provide two industry standard calculation methods to determine the necessary annual contribution to the reserve fund


Our professionals can:


  • Provide immediate inspection services to determine the condition of your facility
  • Prepare corrective designs and details in CAD
  • Assist you in determining a suitable course of action 


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