Customized Reserve Study Helps Myrtle Beach Condos Accurately Budget for Future Repairs

“We are very pleased with zumBrunnen’s reserve study. Dan Williams was very helpful and knowledgeable. He reviewed our prior study and helped us add and delete items for budgeting purposes. Dan answered questions at each step of the way and continues to answer our questions even after he completed our study.”
Vinny Spera, General Manager
Maisons-sur-Mer

Challenges

Per their bylaws, Maisons-sur-Mer condos are required to conduct a reserve study every five years. When it came time to renew their study in 2011, they conducted an online search to find a service provider that was responsive, could customize their study, and provide a workable funding plan.

Solutions

Dan Williams, a Senior Project Manager with zumBrunnen, began by reviewing the former reserve study and Myrtle Beach Condosasking questions. Next, he did a comprehensive walk of the entire property, coordinated with the committee on items that should be added and removed from the reserve list and tailored a funding plan to meet their funding capacity. In order to make the changes, the bylaws were modified to incorporate the line item changes, and Dan answered questions at each step of the process to ensure the changes met the client’s needs.

“Our relationship with zumBrunnen is ongoing,” said Vinny Spera, General Manager for Maisons-sur-Mer. “The open communication with Dan is very good. His review of the previous study and his help in identifying things to add and remove was a value-added part of the process. The study helped us identify how to spend money for the future and helped us look more closely at categories such as useful life and remaining useful life.”

Services Provided:

  • Reserve Study

Client Overview:

Maisons-sur-Mer is a 25-story building containing 253 condominium units located in Myrtle Beach, SC. The study included review of:

  • Site improvements
  • Building structure and waterproofing
  • HVAC equipment including cooling tower, boilers, pumps, motors, and hydronic piping
  • Electrical switchgear, lighting and emergency generator
  • Domestic water pressure booster system
  • Elevators
  • Life safety systems
  • Common area finishes
  • Common amenities including pools, tennis courts, Ocean Club, Bon Appetit Restaurant, etc.
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