Why Hire a CAI Reserve Specialist for Your Capital Reserve Fund Study?

BUSTAMANTE ENGINEERS STAFF • August 10, 2020

Are You Putting Your Most Valuable Assets in the Hands of the Most Qualified Professionals?

Community associations rely on qualified reserve specialists to assist them in extensive reserve planning to keep their communities running smoothly. A reserve study professional's goal is to give client association boards the tools to anticipate and prepare for the repair and replacement of their communities’ common elements. The National Reserve Study Standards provide a consistent set of terminology, calculations, and expectations so reserve study providers and those they serve together can build a successful future for millions of community association homeowners across the country.

Why You Should Hire Credentialed Professionals

A Community Association operates as a truly specialized type of organization. Board Members have fiduciary responsibilities which compel them to make decisions that can have profound financial and social impact on their neighborhood. One of the primary responsibilities of a community association is to protect, maintain, and enhance the assets of the association. To accomplish this objective, associations must develop a Capital Reserve Fund Study - a multi-year plan to help anticipate and responsibly prepare for timely repair and replacement of the community’s common elements. Receiving professional and accurate advice or guidance on important issues can make the difference between prosperity and distress.

Reserve Specialist Designation

Community Associations Institute (CAI) designations help ensure that study providers have the knowledge, experience, and integrity to provide the best possible service to your association. If your provider holds a CAI designation, he or she has made a substantial commitment and investment in their education and career, and your community's welfare. To help ensure that you have the expert guidance you need to manage your community's assets most effectively, look for professionals with the designations and certifications.

The Reserve Specialist designation is awarded to qualified reserve specialists who, through years of specialized experience, can help ensure that community associations prepare their reserve budget as accurately as possible. Reserve Specialist designees must meet comprehensive requirements including preparing at least 30 reserve studies over the last three years, holding required degrees, and complying with strict rules of conduct outlined by CAI’s Professional Reserve Specialist Code of Ethics.

Reserve Specialists Build Long-Term Relationships with Community Associations

Every proactive community association should have a properly funded reserve account to provide funding for replacement of their infrastructure. BUSTAMANTE ENGINEERS principal engineer retains a Reserve Specialist designation from the CAI. With every project, whether small or large, old or new, a licensed engineer will be in charge of the capital reserve fund study. Each capital reserve fund study will include three phases: Physical Analysis, Reserve Analysis and Meeting Participation.

Interested in our Reserve Fund Study Services? BUSTAMANTE ENGINEERS is here to help!

Whether a 20-story high-rise building in the city or a 200-unit residential community in the suburbs, future financial preparation is an integral element in the life of the community. Capital improvements help keep a community looking fresh and prevent deterioration. BUSTAMANTE ENGINEERS will work with your association to create a Reserve Fund Study that is tailored to the needs of your community and will continue to work with the association to answer questions years after the study has been completed. Click to contact us online to discuss our Capital Reserve Fund Study Services today!

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