GAB Robins - insurance appraisals, reserve studies

A reserve study is a budgetary planning tool that identifies a property’s necessary major repairs and/or replacements and establishes a funding plan to insure that adequate monies are available for planned expenditures. A reserve study has two primary analyses: the physical analysis and the financial analysis. The physical analysis consists of a component study that identifies the major replacement or repair components of a property, their estimated costs and their estimated useful and remaining lives. The financial analysis is a funding study that incorporates information from the component study into a budget plan to fund the anticipated future expenditures.

GAB Robins has been providing professional services for more than 125 years. This demonstrates to our clients our financial stability and longevity.
Our reserve specialists are professionals with years of experience in valuing and developing funding analyses for multiple property types.
Our team has in-depth experience in the Florida Statute requirements for establishing reserve budgets, as well as in-depth experience with market standards for reserve budget analysis in multiple property types.
All GAB Robins’ reserve studies are completed by a Community Associations Institute designed Reserve Specialist.

The GAB Robins Reserve Specialist compiles detailed data about your property from a thorough on-site inspection, field measurements, and examination of building construction plans provided by the client. Appropriate and accurate component sizes and counts are derived from these data sources. Without accurate factual data, the accuracy of the analysis will be compromised.

Repair/Replacement cost information is taken from a variety of sources, including national and regional cost estimating indexes, interviews with developers, builders, consultants and contractors, as well as actual costs from similar properties within multiple market areas. Furthermore, an association’s actual historical reserve expenditures are carefully considered in every GAB Robins reserve study.

GAB Robins utilizes a nationally recognized reserve study software program in completion of all reserve studies. This software provides in depth breakdowns of each and every components’ cost, total and remaining useful lives, as well as a year by year schedule for all planned reserve expenditures. Also provided is an annual summary of beginning reserve fund balances, ending reserve fund balances, planned expenditures, cumulative interest income, and graphical information.