Reserve Study Tutorial Component Life                                                                                                          
 

 

 

 


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Reserve Component Life and Cost Estimates

Once the reserve items have been identified and established as the "Reserve Component List", the following information will then be determined for each item by the professionals outlined above:
  • Project Description (Fence - Paint or Fence - Replace)
  • Description/Quantity (including measurement basis such as Linear Ft, Sq Ft, etc.)
  • Useful Life (Yrs)
  • Remaining Useful Life (Yrs), where 0 is the initial planning year
  • Current Replacement Cost (includes installation, salvage, disposal, etc.)

Any assets that is worth more than 1% of the annual budget must included in the reserve study or noted why its not included.

Additional useful information such as:

  • Cost Basis (current cost by square yards, linear feet, each, etc.)
  • Freight and labor (costs to receive and install)
  • Salvage (estimated value of the item when replaced, if any)
  • Date placed in service or the date last maintained or replaced

After this information is recorded during the site inspection, it is verified or refined through research with the association’s vendors or other experts. Once all of an association’s reserve components are identified and their life and cost estimates determined a financial analysis can be performed.

Contact Information
 Pacific Crest Reserves, LLC
Anacortes, Washington 98221

Toll Free 1-866-618-7764 or Local 360-588-9956
http://www.PacCrestReserves.com

 

 

Send mail to rick@paccrestreserves.com  with questions or comments about this web site.
Copyright © 2012 Pacific Crest Reserves, LLC
Last modified: 10/22/2011

Pacific Crest Reserves is a locally owned Condominium and Home Owner Association consulting company. Our Reserve Study Analysts work with associations to create timely and accurate Reserve Studies. The Pacific Crest Reserves is an experienced consulting firm committed to providing reliable reserve solutions to Associations, regardless of size, complexity or location. We provide easy to understand information for our clients to give them new ways of thinking about how they can best manage their association assets. Our focus is Reserve Studies to associations in the Snohomish, Skagit, Island and San Juan Counties.