A smart buyer will conduct a property inspection prior to closing on any commercial property. There are a lot of potential issues with commercial properties and the cost to repair and maintain buildings can be significant. It is important to get the facts of your potential investment while you are still in the buying process. There is no one better at assessing all types of commercial and industrial properties than Donofrio & Associates, LLC.
Inspections are conducted by our experienced team led by a Naval Academy graduate with an MS in Building Systems from the York Institute with over 35 years experience in building structural, mechanical, and electrical systems. It will include all the following:
Experienced Commercial property owners, occupants, and investors know the importance and benefits of hiring a professional and highly-qualified commercial building inspector to perform a Commercial Inspection or Reserve Study.
The Reserve Study consists of the Physical Analysis and the Financial Analysis. The Physical Analysis assesses the current condition and repair or replacement cost of the major common area components the association is obligated to maintain. The Financial Analysis contains an evaluation of the association’s Reserve balance (measured by Percent Funded) and a recommended Funding Plan to offset the anticipated replacement cost of the major common area components the association is obligated to maintain.
Reserve Study: It’s the LAW
Reserve Studies are required per the Condominium Act (55-79.39) and the Property Owners’ Association Act (55-514.1) at least every five (5) years with an annual review. We are here to help you stay in compliance with this law.
Donofrio & Associates, LLC. has a unique Reserve Study System that provides a cost-effective and easy to interpret report, providing a powerful and valuable tool for building/property managers and owners.
Our team and analysts are spearheaded by our founder a graduate of the U.S. Naval Academy with an MS in Building Systems from the York Institute and over 35 years experience in building structural, mechanical, and electrical systems.
We will provide an analysis and spreadsheet detailing immediate needs and projected reserve requirements for periods of 10, 20, or 30 Years.