|Looking for info on "long term reserve studies"||<– Date –> <– Thread –>|
|From: Rodchamp (Rodchampaol.com)|
|Date: Thu, 6 Feb 1997 02:34:43 -0600|
Highline Crossing Cohousing Community in Littleton, CO is completing its build-out this spring and we have started including funding for "long term reserves" as part of our homeowner fees. Long-term reserves are collected to provide funds for major capital (maintenance and/or replacement) projects such as parking areas, roofs, building exteriors, etc. Does anyone have any experience or advice on preparing a long-term reserve study? Professional engineering firms usually quote $1000-2000 to perform a study and do-it-yourself kits are available for $200-500. We would like to develop an accurate study but keep the cost as modest as possible. Preliminary efforts to get reliable replacement cost and life estimates from contractors have not been fruitful because contractors are only interested in providing such estimates for current, "real" projects. Any information or insight on this issue that anyone may have would be welcomed. Thanks! Rod Champney Highline Crossing Cohousing Community email: rod_champney [at] hp.com
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