Utah Reserve Study
Call us at (801) 839-4371 for your reserve study needs.
The Utah legislature adopted specific statutes related to reserve studies in the Spring of 2010 that requires most associations to have a reserve study completed by July 1, 2012.
Now that it's a requirement, you should turn to an experienced industry professional reserve study team. Facilities Advisors, Inc. 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. We can usually have an experienced, credentialed reserve consultant on site within two weeks, and the report delivered to your shortly after the site visit is completed. Join the Utah associations that have already engaged Facilities Advisors to conduct a reserve study.
We offer fixed fee engagements at competitive rates; there are no charges for travel time or expenses, or any other additional costs. 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 maintenance plan, and the reports and disclosures are designed to save you time. You save time in budget preparation because we prepare summary reserve disclosures for you. Our unique reserve study comparison exhibit also saves you time by showing you where our current report differs from the previous report, no matter who prepared the prior report. It helps report users understand and evaluate what has changed since the prior report was issued.
Our Goals for your Reserve Study
Our primary goal is to make sure that your reserve study complies with statutory requirements.
Our second goal is to make your reserve study something more than simply the fulfillment of a statutory obligation. We believe that the reserve study should be a functional tool used in the financial management of the association. This means that the reserve study needs to be realistic. Too often, we hear from new clients that they don't believe their prior reserve study was correct. We believe that the reserve study should be a reflection of the Association's actual maintenance plan. Therefore we will ask you questions about recently completed and planned future reserve expenditures. While none of us can accurately predict the future over the next 30 years, the association's facilities manager usually has very concrete short-term plans (over the next 1 to 3 years). We attempt to incorporate that plan into the reserve study, otherwise the reserve study serves little purpose.
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.