Comp #: 928 TVs - Replace Location: Admin Building Funded?: Yes. History: 2018
Quantity: (3) Total
Comments: These are smart Tvs. They should be maintained and tested periodically to ensure good function. For most Associations, ongoing replacement of individual components is treated as an Operating expense, but replacement of many (or all) system components may eventually be warranted. Funding recommendation shown here is for replacement with new equipment, comparable in style and quality to the assets noted during our site inspection.
Useful Life: 6 years
Remaining Life: 2 years
Best Case: $ 6,000
Worst Case: $ 9,000
Cost Source: ARI Cost Database
Comp #: 1110 Interior Surfaces - Paint
Quantity: (1) Bldg
Location: Interiors Funded?: Yes. History: 2014
Comments: Regular cycles of professional painting are recommended to maintain appearance. Small touch-up projects can be conducted as needed as a maintenance expense, but comprehensive painting of interior areas will restore a consistent look and quality to all areas. Best practice is to coordinate at same time as other interior projects (flooring, furnishings, lighting, etc.) whenever possible to minimize downtime and maintain consistent quality standard.
Useful Life: 10 years
Remaining Life: 4 years
Best Case: $ 4,000
Worst Case: $ 6,000
Cost Source: Allowance Estimate
Association Reserves, #6510-0
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7/29/2022
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