Reserve Studies, Turnovers & Property Condition Assessments
Reserve Studies, Engineering Turnover Reports
& Property Condition Assessment
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Reserves, Turnovers & PCAs
Assessment of existing association or commercial properties to evaluate current conditions, identify necessary repairs and maintenance,
and anticipate future expenses.
and anticipate future expenses.
Reserve Studies
Reserve studies are an essential part of the association budget process. Velocity will identify components of the common elements to be included in the reserve study and estimate the replacement cost, useful life, and remaining useful life of each component. Reserve studies can be prepared using either straight line or pooled accounting methodologies.
Turnover Studies
Monitoring the installation of pile foundation systems and documenting installation parameters. Pile foundation types include driven piles, augered cast-in-place piles, micropiles, and helical piers.
Property Condition Assessments
Property Condition Assessments (PCA’s) are typically performed prior to a client purchasing an existing commercial facility. The PCA examines the condition of the property to identify maintenance/repair needs and associated costs.
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Velocity combines extensive in-house expertise with an elite team of subconsultants and subcontractors to provide a wide range of engineering services.