top of page

Capital Reserve Study - Manhattan Station

20151030_142313.jpg
20151030_143056.jpg
DSC03327.JPG
20151030_142613.jpg

Project Details: Carlile Group conducted a Capital Reserve Study for Homestar Bank in partnership with Cornerstone Engineering, Inc.

In the study, the property was inspected with all systems including: mechanical, landscaping, masonry, roofing, electrical, and facade.

 

The evaluation included observations, photographic documentation, estimation of remaining useful life left in each component, and estimated cost to repair.

A Capital Reserve Study is a budgeting tool often used by home-owner associations, condominiums, and other communities who share common areas and capital expenditures. This identifies the current condition of property assets and systems, and projects when major repairs and replacements will be necessary. This study includes estimated cost projections for the repairs and replacements, allowing for the community to establish a plan to generate sufficient funds to cover the expenditure when it actually occurs.

Project Year: 2016

 

Location: Commercial Condominiums

25640 Gougar Road

Manhattan, IL 60442

Scope: Property Capital Reserve Study and Report.

20151030_143349.jpg
bottom of page