Capital Improvements
West Property Management has experience managing small capital projects to projects in excess of $350,000. We will help your community face the challenges with improving your property through a capital project.
We have complex project management experience having lead a team of civil, structural and soil engineers; various contractors, construction managers, landscape planners, coordinating with city planning and development, storm water management plan and other requirements on a long-term project in excess of $350,000. This project removed a significant liability for owners, improved the safety for all while improving the physical appearance of the property, thus increasing property values.
We know that capital project management starts with an effective long-range management plan for your future capital needs. We will work with you to help educate your community about the need for a Reserve Fund and what is an adequate amount to reserve each fiscal year to meet future capital needs.
This proactive management approach will help your community to avoid those large special assessments that often drive down property values and force owners into difficult financial situations, including foreclosure and bankruptcy. See this article to learn more about establishing a proper Reserve Fund.
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Contact Us to ask a question or to submit a Request for Proposal for management services.
We are ready to serve your Association!