Reserve Fund Studies

 

Edmonton reserve fund studies play a key and necessary role in condo financial management. To conduct Edmonton reserve fund studies, Wade Engineering employs individuals that are fully qualified in engineering and building science disciplines including: roofing, attic insulation, ventilation, windows, doors, foundations, and exterior cladding. These reserve fund studies Edmonton specialists carry out the evaluation of common property components that are designated to be replaced or refurbished by funds held in reserves as outlined in the Condominium Property Act.  Wade Engineering has conducted reserve fund studies in Edmonton, Fort McMurray, Grande Prairie, Calgary, Lac La Biche, Whitecourt, Jasper, and Red Deer.  
During the reserve fund study process, an inspection or review of the condominium property, as well as any available building plans and specifications enables our team to develop an understanding of the building conditions and component quantities, while allowing a closer evaluation of the anticipated expenses.
 A reserve fund study conducted by Wade Engineering involves:
  • Determining the depreciating common property components that will require replacement at intervals longer than 1 year
  • Estimating their replacement scheduling and replacement cost
  • Evaluating the Corporation's current funding practices
  • Presenting various scenarios for funding the replacement of the depreciating common property components.
This process involves:
  • Reviewing the operating budget in consultation with the board members and/or property manager.
  • Reviewing the Corporation's plans, by-laws, and rules, in order to establish all obligations of the Corporation, and therefore all anticipated expenses not covered by the operating budget.

     

Service Area: Edmonton, Calgary, Leduc, Nisku, Beaumont, Lloydminster, , Hinton, Jasper, Grande Prairie, St. Albert, Camrose, Fort Saskatchewan,Slave Lake, Red Deer, Fort McMurray, Stony Plain, Spruce Grove, Parkland County, Strathcona County, Grande Prairie County, Regional Municipality of Wood Buffalo, Yellowhead County, Woodlands County, Athabasca County

 

Edmonton reserve fund studies play a key and necessary role in condo financial management. To conduct Edmonton reserve fund studies, Wade Engineering employs individuals that are fully qualified in engineering and building science disciplines including: roofing, attic insulation, ventilation, windows, doors, foundations, and exterior cladding. These reserve fund studies Edmonton specialists carry out the evaluation of common property components that are designated to be replaced or refurbished by funds held in reserves as outlined in the Condominium Property Act.  Wade Engineering has conducted reserve fund studies in Edmonton, Fort McMurray, Grande Prairie, Calgary, Lac La Biche, Whitecourt, Jasper, and Red Deer.  
During the reserve fund study process, an inspection or review of the condominium property, as well as any available building plans and specifications enables our team to develop an understanding of the building conditions and component quantities, while allowing a closer evaluation of the anticipated expenses.
 A reserve fund study conducted by Wade Engineering involves:
  • Determining the depreciating common property components that will require replacement at intervals longer than 1 year
  • Estimating their replacement scheduling and replacement cost
  • Evaluating the Corporation's current funding practices
  • Presenting various scenarios for funding the replacement of the depreciating common property components.
This process involves:
  • Reviewing the operating budget in consultation with the board members and/or property manager.
  • Reviewing the Corporation's plans, by-laws, and rules, in order to establish all obligations of the Corporation, and therefore all anticipated expenses not covered by the operating budget.

     

Service Area: Edmonton, Calgary, Leduc, Nisku, Beaumont, Lloydminster, , Hinton, Jasper, Grande Prairie, St. Albert, Camrose, Fort Saskatchewan,Slave Lake, Red Deer, Fort McMurray, Stony Plain, Spruce Grove, Parkland County, Strathcona County, Grande Prairie County, Regional Municipality of Wood Buffalo, Yellowhead County, Woodlands County, Athabasca County