Reserve Studies are done for many common-interest-developments and provide Community Associations with more than just a long-term funding plan to prevent over or underfunding.
A Reserve Study should also contain suggestions for routine maintenance that will extend the useful life of various site or building components, as proper maintenance and appropriate reserves are intimately connected.
The reality of it is that not all Reserve Study preparers are equal. It would be important to have a Reserve Study prepared by a Community Association Institute (CAI) Reserve Specialist (RS) – this designation proves that professionals are qualified to perform studies in conformance with the national standards of CAI.
Yingst Engineers & Associates, Inc. employs a Reserve Specialist with over 18 years of expertise in the preparation of Reserve Studies, and, all Reserve Studies are performed under the direct supervision of licensed Professional Engineers.
A Reserve Study done by Yingst Engineers & Associates, Inc. always includes maintenance suggestions to help extend the remaining useful lives of common area assets.
When a newer Community Association moves from developer to board control, a qualified engineering investigation (Transition Study) is required to assess the condition of common area assets. The Transition Study has become common practice for a newly-formed Association, yet it’s not so common to partner with an engineering firm that has extensive litigation experience and regularly provides expert witness testimony.
Yingst Engineers & Associates, Inc. specializes in litigation support with construction-related legal disputes that often arise during Transition Study projects, and has over the years established itself as an expert in the industry.
While many consulting firms specialize in the preparation of Reserve and Transition Studies, only a full-service engineering firm can perform the necessary follow-up work that often results from the initial Reserve or Transition Study projects.
Some of these additional engineering services include:
- Stormwater management analysis and design
- Retaining wall analysis and design
- Sinkhole analysis and remediation
- Preparation of designs and specifications for Community Association related projects
Yingst Engineers & Associates, Inc. is unique in that it employs both Professional Engineers and Registered Architects who can assist the Community Association with follow-up engineering or design projects.
A family-owned engineering consulting, commercial inspection and residential inspection company, Yingst Engineers & Associates, Inc. has been providing expert engineering analysis for residential and commercial buildings, pre-purchase and home inspections, and design services for over 25 years.
To learn more about our expert services, contact us today.