MULTI-FAMILY REMODELS

Is your association property value below market value? Would you like to increase your association’s value? Bold Developments offers multi-family homes an opportunity to do just that. From obtaining proper permits and financial planning to sub-contractor organizing and a completed project, Bold has the experience to increase your association’s property value.

Interior/Exterior Association Additions and Remodels

We work with homeowners and Management Companies to assess Reserve findings and develop reserve studies based on the desires of the community. Including structure finances, if needed, create budgets, ensure quality control and manage Contractors and projects from approvals and permits to completion.

• Experience
  
  River Oaks is a multifamily association comprised of 6 buildings with 38 units total. It was built roughly 30 years ago and began to pour out money simply to keep the complex functional. Capital reserves were being used to keep up with the maintenance and when it was time to make necessary capital improvements the funds were not available. Since the properties could not keep up with the improvements, property values began to fall below market.

• Reserve Study
  
  This unique software program allows associations to map out the next 30 years of reserves as they pertain to building maintenance and special projects. Knowledge and experience allows us to determine the useful life of building products such as roofs and gutters, siding, stucco, driveways, etc. Combining the formula for timing and replacement costs allows associations to clearly anticipate the work that will be necessary and prepare themselves for the respective costs.

• Assistance with Finance Structure
  
  If loans are needed Bold Developments will work with bank structure and administered draws. If assessments are necessary, we will work to a derive program based on the percentage of ownership and debt service.

• Project Planning/Scheduling/Budgets
  
  Bold will provide the association with construction schedules, budget updates and sub-contractors information in order to continue community communication throughout the projects.

• Sub-Relationship
  
  Bold Developments’ continued relationship with sub-contractors allows us to guarantee quality work and well priced sub-contracting services when sub-contractors are required. Bold has developed and maintained multiple relationships with qualified sub contractors in order serve our clients specialty work needs; more notably major electrical, plumbing and mechanical projects.

• In-house Labor
  
  Our skilled in-house professionals preserve your property through preventative maintenance and prompt response time to ensure your property values our upheld. Fee Schedules will provide a breakdown of Bold’s in-house capabilities.

Call 970.949.6070 or email jobrequest@bolddevelopments.net to speak with a Bold Developments’ professional about your free consultation.