STRATEGIC INSPECTIONS
Our Business Is
Reserve Studies
Condominium and Cooperative Property Reserve Studies
Superior Reserve Studies by Professional Engineers and Expert Inspectors
We’re experts in determining component condition and cost of mechanical, plumbing, electrical and structural systems. Our team provides immediate scheduling for reserve studies nationally.
Superior Reserve Studies by Professional Engineers and Expert Inspectors
Our funding plans are uniquely crafted for each property regardless of current capital reserves. Funding plans can be created for properties with substantial saved capital or for those beginning the process of reserve compliance.
Cutting Edge Report Technology
Condo and co-op reserve study reports can be accessed online through a password protected portal. Our interactive report and long-term access eases board transition and provides a unique history of component repairs.
Innovative Lending Compliance Analysis
New guidelines for condo and co-op mortgage lending now require a financial analysis and a structural and mechanical evaluation. Our groundbreaking “Lender View” provides the necessary information to satisfy those requirements while limiting board member liability.
The Experts at Strategic Inspections
The expertise begins before we even step foot on the property.
Strategic Inspections was founded in 2008 and since that time has provided thousands of condominium reserve studies across the United States.
We’re experts in creating accurate component inventories so that board members have an inventory and know the condition of every common component in their property, and more importantly, how to ensure that the capital necessary to repair and replace that component is available when needed.
We helped to design and create the most user-friendly technology in the industry so that our reports could be easy to understand and be accessed online through a password protected portal so that board and management transitions could occur with ease.
Get In Touch
Strategic Inspections
Corporate Offices
150 Main Street,
Suite 15
Port Washington, NY 11050
Contact Us
FAQ’s
Can a reserve study help our board provide answers for lender questionnaires?
Strategic Inspections provides a customized “Lender View” section in every reserve study report that answers all the questions regarding mechanical and structural condition, special assessments, and deferred maintenance that are asked on condo questionnaires. Our report is routinely utilized to limit board member, developer, and property manager liability.
Our condo building has a large capital reserve account. Can a reserve study utilize those funds to reduce a reserve contribution?
Will a reserve study provide us with an inventory of all components in the property?
A reserve study provides an inventory, remaining useful life, condition assessment and cost for every common area component in the property.
Can a reserve study be utilized to reduce a lender required 10% reserve line item?
If a reserve study prescribes a reserve funding amount of less than 10% of a condo/co-op operating budget then it can be utilized in lieu of the 10% line-item requirement. There are unique lending guidelines for each lending agency.
• Fannie Mae requires that a reserve study prescribing less than 10% can only be accepted if the condo/co-op applies for a global PERS approval.
• Freddie Mac and FHA allow reserve studies to be reviewed and accepted by lenders directly.
• Portfolio lenders often accept reserve studies on both new and established condo/co-op properties.
• New condo properties can utilize a reserve study for portfolio, FHA and Freddie Mac mortgage lending compliance.
Can a reserve study be performed on a cooperative building?
What building components are inspected and included in a reserve study report?
I’m a developer of a new condo property. Can a reserve study help me create an initial operating budget?
Reserve Studies are utilized extensively in new construction condominium properties. The Strategic Inspections team is expertly experienced in providing reserve studies from construction plans and helping developers create the appropriate budget reserve contribution utilizing all component warranties and most recent manufacturers useful life tables.
What input to the reserve study does a condo/co-op board have?
We welcome, and encourage, input from condo/co-op board members. Our team is available pre-inspection to discuss any problem areas, plans for component updates and funding issues. Post inspection the Strategic Inspections team delivers a draft reserve study report and schedules a funding plan call so that board members are completely aware of the future capital needs, but more importantly, planning the appropriate capital contributions to meet those needs.