Red Deer, Canada, July 01, 2011 --(PR.com
)-- Property Solutions Advisory, Inc., the central Alberta property consultants, is now offering a reserve fund reporting service to condominiums to help them determine whether or not there are enough capital reserves on hand to handle situations such as repairs, maintenance and property loss. This valuable service became necessary in the province of Alberta with the Alberta Condominium Property Act, 2000, legally requiring condominiums to set up and maintain a reserve fund.
Reserve Fund Reports are detailed studies of a building’s depreciating assets that assist management in developing strategies for required maintenance over a period of 25-30 years. The report helps to ensure that an adequate amount of cash is always kept on hand through estimates and budgeting, as well as determining adequate contributions from residents.
The experts at Property Solutions Advisory thoroughly analyze a building’s past reserve fund performance, provide economic and benchmark analyses, and formulate projections to ensure adequate reserve capital over a 30 year period. If there are reserve fund deficiencies, Property Solutions Advisory will make recommendations on what needs to be done to avoid shortfalls of capital. This proactive approach to maintaining a healthy reserve fund makes properties more attractive to prospective buyers, and gives current residents peace of mind that repairs, maintenance and improvements will be performed as scheduled or as needed, without the need for additional fees.
Property Solutions Advisory, Inc. was founded by C. Nelson Gaudry, based on his 30 years of experience in the real estate industry. In addition to their reserve fund reporting, Property Solutions Advisory is a trusted source in western Canada for real estate and insurance appraisals, as well as related services to the community at large. For more information, visit their site at www.propertysolutionsadvisory.com.