Community Association
For a community association, Kipcon can provide you with a wide range of services. Through constant innovation, Kipcon continues to lead the industry by delivering the highest quality, cutting-edge engineering and inspection services a variety of categories including engineering analysis, design and specifications, bidding, contract administration, peer reviews, transition and conversion reports, reserve studies and updates and more. A Kipcon Reserve Study is a comprehensive report of major common element components that will require replacement and acts as a road map to plan for the budget of your community association that meets all legal, fiduciary and professional requirements. It also minimizes the need for special assessments and enhancing property resale values.
Kipcon is distinctly versed in all aspects of Reserve Study development. Following the Community Associations Institute standard, Kipcon offers three levels of service for the community association including a full reserve study, an update with a site visit, or a paper update with no site visit. When your community association receives a Kipcon Reserve Study, you can be sure that it has been prepared in conformance with the national standards. In fact, all Reserve Studies will be prepared under the direction of a Kipcon staff member who has obtained CAI's Reserve Specialist designation.
A community association is charged with the responsibility of maintaining the property value of their common elements. They must begin by developing a funding plan for future repairs and/or replacements of major common-area components. A reserve study is a professional budget-planning tool that involves a physical, as well as a financial, analysis that does just that. One the estimated remaining useful lives of the association's components have been determined and the current status of the association's reserve fund has been identified, the reserve study report establishes a stable and equitable funding plan to offset the anticipated future major common-area expenditures.
With 25 years of experience in providing reserve studies, Kipcon is the ideal choice to provide your community association with the results to meet your needs. All of their reserve studies are performed under the direction of and are reviewed by both a Reserve Specialist and a licensed Professional Engineer. All of the reserve studies are prepared for your community association in conformance with the National Reserve Study Standards of the Community Association's Institute (CAI). In fact, Mitchell H. Frumkin who serves as Kipcon's president was chairman of CAI's National's Reserve Professionals Committee when it developed these standards as well as the Reserve Specialist designation.
A reserve study has many uses but not all of them are created equally. For the reserve study that is performed with the expertise, experience, and accessibility to meet the needs of your community association. Kipcon works with you to establish the funding goal ahead of time and then concentrate on strategies to achieve that objective. They also present multiple projections so the association can immediately see the result of continuing their present funding as well as the range of funding plans which can be selected. Go to www.kipcon.com to learn more about the services that KipCon can provide to your community association.
