Our Services
Our work exceeds Community Associations Institute Reserve Specialist standards. We are committed to providing an outstanding product. Properly funded reserves are the best way to maintain Association assets and protect property values. A well-developed reserve fund plan is essential in achieving this goal.
Level I+ A full condition assessment and reserve fund plan:
We will conduct a condition assessment of the common components under Association ownership based on visual evaluation including measuring and quantifying. If appropriate, we will meet with Management or Board members at the site to obtain their input. Compiled data will be programmed to produce a written report and financial tables. The report will be provided in both electronic and paper medium. Upon request, a meeting will be conducted with Management and the Board to ensure understanding of all issues. If revisions are requested, they will be made and a final report re-issued.-
Level II+ A full condition assessment and reserve fund plan update:
This service differs only in that we do not re-measure or quantify except where changes have occurred. Mason & Mason will perform this service only on an original Mason & Mason report.
-
Level III+ Administrative Update:
In order to update rapidly changing conditions and costs, Mason & Mason will provide this service up to three years after the initial Mason & Mason report. This service does not involve a condition assessment. The information is usually obtained in writing from Management or the Board and generally involves a telephone conference call. In some cases, a conference to review the previous report will be conducted.
-
Residential & Commercial Development Services
In the interest of helping developers in establishing reserve fund plans prior to and during construction, Mason & Mason will review site plans and construction drawings for the purpose of developing preliminary reserve fund plans. Quantities will be determined and initial funding can be programmed during the early years of large projects. Upon transition to the Association, the reserve fund plan should be updated and include a condition assessment. This is a sure way to have the community properly funded from the beginning and eliminate potential legal problems for the developers.
General:
In many cases, after the Board and Management have had time to digest and understand the report, Mason & Mason can provide alternative funding plans including bank loan analysis to address long-term funding goals.
Mason & Mason does not provide transition studies or warranty inspections as these services should be provided by professional engineers. Our opinion is that reserve analysis should be kept separate from construction defect issues.
Client Comments
" My experience with your firm was outstanding, and your reputation in the industry validates my personal opinion."
CMCA, AMS, former General Manager, The Promenade, current manager of The Belvedere
" You took the time before your inspection to meet with us and get as much information as possible on the building, equipment and past projects, making for a very thorough analysis. The Board still needs to meet with you to finalize the report, which by the way, they are thrilled with, and so are the residents. This is the most comprehensive study the building has ever had and is a great asset for future planning. "
General Manager, ProCAM, The Madison Condominium
