SERVICES: EXISTING BUILDINGS > ENFUND: Reserve Fund Studies


ENFUND: Reserve Fund Studies


HELPING CONDOMINIUM CORPORATIONS PLAN FOR THE LONG TERM

Whether a single building or an entire community of condominium homes, reserve fund studies (RFS) are mandated by provincial legislation in Canada to be conducted at regular intervals. Provincial requirements for both timing and scope of the studies vary from province to province, but at Entuitive, we have it covered for you.

Our exclusive and proprietary Reserve Fund Studies program (called ENFUND) is specifically designed to support the technical and financial requirements of condominium owners, Board of directors, and prospective buyers. Reserve fund studies provide both owners and prospective purchasers with the insight needed to identify any issues that may impact the capital requirements of the condominium corporation, such as restoration and renewal works, over both the near and long term.

The ENFUND program involves detailed on-site inspections of each corporation to determine the conditions present and include many of the following types of systems:

  • Structural
  • Parkade/parking garages
  • Building envelope (walls, windows, doors, balconies, roofing)
  • Mechanical systems (plumbing and heating)
  • Electrical systems
  • Conveyance systems (elevators)
  • Site amenities (landscaping, paving, walkways, etc.)
  • Interior finishes
  • Common areas

We follow the on-site inspection with a thorough report.  Our report formats have proven to be easy to read for both condominium owners and Boards of directors as well as prospective buyers who will request this essential document as part of any proposed purchase.

With a view to life-cycle costs, our teams of experienced assessors visit each site to determine the following types of information:

  • Current age
  • Current condition
  • Value in today’s dollars to replace or restore
  • Immediacy of requirements
  • Projected values of future replacement or restoration costs

Our decades of engineering and building science expertise positions us with the skills to provide accurate assessments. With proven experience across project types and scales, our specialists provide knowledge and skill in a wide range of material properties, enclosure systems and detailing.

Contact:

Brian Shedden
brian.shedden@entuitive.com