At Criterium-Cromer Engineers, we understand that the longevity of your association depends on meticulous management of your community’s assets and capital reserves. With our deep understanding of building performance over time, we provide comprehensive reserve studies that identify risks, uncover opportunities, and manage costs effectively.
Structural Integrity Reserve Study
Recent updates to Florida Statutes mandate that condominiums conduct a Structural Integrity Reserve Study. Depending on your building’s size and location, a Professional Engineer may need to inspect critical components, including:
- Roof,
- Structure,
- Fireproofing and fire protection systems,
- Plumbing,
- Electrical systems,
- Waterproofing and exterior painting,
- Windows and exterior doors,
- and more.
Our team is equipped to help you navigate these new requirements. Contact us to ensure your association remains compliant.
Why Choose Criterium-Cromer Engineers?
- Licensed Professional Engineers: Every reserve study is conducted with and reviewed by a licensed Professional Engineer (P.E.), ensuring accuracy and reliability.
- Local Expertise: Operating from our Miami headquarters, we possess in-depth knowledge of local building practices, maintenance costs, and environmental regulations.
- Clear Communication: We provide reports in an easy-to-understand format and meet with Boards to present findings, ensuring transparency with your community.
Comprehensive Reserve Study Services
Our full reserve studies include:
- Detailed assessments of property components, including quantity, condition, useful life, and replacement costs.
- Financial analysis projecting maintenance and replacement impacts over the next 20 to 30 years, with tailored funding strategies.
Partner with Us for Your Association’s Future
Investing in a professional reserve study translates to maintenance cost savings, informed improvements, and peace of mind. Request a proposal from Criterium-Cromer Engineers to gain a comprehensive understanding of your community’s financial health and ensure the longevity of your association.
Meeting, and Exceeding, Requirements and Regulations
A full reserve study covers all parts of your property, describing their quantity, condition, typical useful life, and probable replacement costs. The financial analysis measures the impact of maintaining and replacing these key components over the next 20 to 30 years and provides reserve funding strategies to make sure adequate funds are available when needed.
Upon request, we can provide even more. An enhanced reserve study can:
- Include a Property Condition Report with comprehensive descriptions of critical components and systems like plumbing, HVAC, roof and siding, and common interiors
- Expand reporting beyond common inventory elements into individually owned assets that may affect value
- Suggest accessibility improvements to amenities and assets, providing a guide for good property management
- Propose alternative solutions that upgrade instead of replace existing components, so properties operate more efficiently
- Explore and recommend alternative funding arrangements and investments, including iterative funding options analysis
For the Life of Your Association
The value of reserve studies is best revealed in maintenance cost savings, smart investments in improvements, and peace of mind. Request a proposal for your next reserve study. Contact Criterium-Cromer Engineers to turn an in-depth report on your physical property into a clear picture of your community’s financial health.