Utah Reserve Studies
Call us at (435) 393-6259 or (970) 946-2352 for your reserve study needs.
1) We wrote the book on reserve studies - "Reserve Studies - The Complete Guide"
2) We wrote the standards on reserve studies - ICBI's Generally Accepted Reserve Study Standards - Facilities Advisors CEO Gary Porter is also president of the International Capital Budgeting Institute (ICBI)
Now that it's a statutory requirement to have a reserve study, you should turn to an experienced industry professional reserve study team to get the job done. The Utah legislature adopted reserve study statutes in 2010, the same year we opened our Salt Lake City office.
Facilities Advisors International has been preparing reserve studies nationwide since 1982. We have prepared numerous reserve studies for all types of associations; condominiums, planned developments, timeshare associations, and cooperatives. Our experienced reserve consultant lives in the Salt Lake City area, and can generally schedule to be on site within two weeks, and the report delivered to your shortly after the site visit is completed. Join the hundreds of Utah associations that have already engaged Facilities Advisors to conduct a reserve study.
We offer fixed fee engagements at competitive rates; there are never added charges to our proposals. Plus, you will have access to our web-based software at no cost for a full year, so you can update your reserve study annually, or engage Facilities Advisors to update the study at a reduced cost.
Our reserve study reports are unique - they are designed to meet your statutory requirements, to serve as a budget for your long-term maintenance plan. Our easy-to-read reports and disclosures make the reserve study transparent to all readers.
Benefits of selecting Facilities Advisors, Inc. for your Reserve Study:
- Competitive fees
- Easy-to-read reports
- Internet-based software available to our clients
Competitive fees - We are able to provide competitive fees because of our extensive experience and dedication to using technology to make our services more efficient. This also translates into time savings and the ability to keep fees competitive. We are the only reserve study company to have developed software to electronically capture component data on site, which reduces the amount of time necessary to gather component data and translate that information into a reserve study report.
"Scoping" the reserve study is perhaps the most important decision in the process, as it determines at what level of detail the reserve study should be prepared. Hint - it should be prepared at the level at which money is expended by the association, as that is the ONLY way the reserve study can ever be correlated to your association financial statements. We ask you questions and help tailor the reserve study to your unique association. Our internet-based software, with a multi-dimensional database structure (hidden in the background) and capabilities for three category levels plus major and minor components, gives us the ability to provide data at the correct level, and still be able to "roll up" the data into concise reports.
Responsiveness - We are responsive to your needs. If you request changes to your report, we will make them. After all, it is your report.
Easy-to-read reports - Our approach to reporting is unique in the industry. We focus on telling you where you're at now, and showing you the 30-year plan to provide funding for your future expenditures. We also provide any statutory and regulatory disclosures. We give you the information you need to (1) prepare your budget, and (2) communicate summary in formation to your board of directors and members.
Internet-based software - At the end of the reporting process, we provide you with access to (and training) the same internet-based software we used to prepare your reserve study. This allows you to keep your reserve plan up-to-date, and save money in the future by (1) proactively planning reserve projects, and (2) minimizing future reserve study costs based on your update of component information.
Call us today for a free proposal. (435) 393-6259 or (970) 946-2352
You win with our unique approach to reserve studies; competitive fees, easy-to-read reports, a component structure tailored to YOUR association, and access to our internet-based software. This is not just an Excel workbook, we give you access to the same software we use to perform your reserve study - the most powerful software in the industry, which has been tested by an independent CPA firm for accuracy of calculations. We work WITH our clients to help you achieve the best outcome.
Send us the RFP form for a free proposal.
Our services for condominium and homeowners associations are described in our on-line brochure.
Our services for timeshare associations are described in our on-line brochure.
Visit our national office web site at www.reservestudyusa.com to see our full range of services as well as sample reports.