We have many years of experience working with residential and commercial construction in the Pacific Northwest. We understand the local conditions that will affect the association assets. To ensure that your association has as accurate a reserve budget as possible, the person selected to perform the study should have local knowledge of residential construction, inspection knowledge , possess good budgeting skills, and have an understanding of the association’s operations. Our philosophy is to provide timely, accurate reserve studies while educating the client about the status of their property. Our goal is to have a long term relationship with the members of the association’s we serve. Once we have produced your report we will take the time to meet with your board and explain the results.
About Our Reserve Analysts
Rick Bunzel is a Licensed Home Inspector with 28 years of business experience. He is a Certified Real Estate Inspector (#200435) with the National Association of Home Inspectors (NAHI), Certified with National Environmental Health Association (#103127RT), former Washington WDO Licensed Structural Pest Inspector (#704231), Washington Licensed Home Inspector (#312) and member of the North Puget Sound Association of Realtors. He has 36 years experience in the fire service and recently retired from the Mount Erie Fire Department. Rick has worked with numerous Condominium and Homeowner Associations to ensure that the common assets are kept in top condition.
Charlie Barefield is a general contractor with over thirty years experience in areas of steel construction, floating structure design/construction, residential plat development and home construction. He was general manager of one of the major homebuilders in the Skagit county area and went on to become managing member and general partner of Island Development Company in Anacortes, WA. He has attended ongoing professional training programs and most recently earned the CAPS designation as a Certified Aging in Place Specialist.
Our onsite inspection and reserve studies meet or exceed the Reserve Study Standards for the Association of Professional Reserve Analysts (APRA) and Community Associations Institute (CAI.) Our state of the art reporting system and our rigorous quality processes ensure that the various components of your property will be thoroughly analyzed and documented. And just as important, our studies are formatted in a manner that can be easily understood by the board as well as the individual homeowner. No matter how accurate a report may be, if it cannot be understandable, it will not be a useful tool and therefore not worth the investment to have it prepared.
It is important to note that the long-term nature of this study requires that certain assumptions and predictions be made about future events. Since there can be no guarantees that these future events will actually occur as assumed, it is important that this analysis be viewed in light of the circumstances under which it is conducted. Every reasonable effort is made to insure that the conclusions of this report are based on reliable information and sound reasoning. All Pacific Crest Reserve reports:
- Exceeds the National Reserve Study Standards.
- Establishes a required monthly contribution to reserves.
- Identifies replacement costs of major components.
- Sets 30-year cash flow projections and recovery plans for under-funded projects.
- Provides a complete, long-term planning guide for the financial well-being of your project.
- Contains a detailed inventory of your project’s major assets.
- Serves as a management tool for scheduling future repairs and replacements.
- Assists accountants in preparing audit.
- Aids the Board and management in fulfilling their legal and fiduciary obligations.
This report should be updated annually with actual repair costs, reserve balances etc. Every four years it should be updated with a physical inspection and professional review. Regular updating will allow changes based on actual occurrences and adjustments for the cost of repairs to be incorporated into the annual reserve contributions. This will allow any savings or additional costs to be properly allocated among unit owners.