5 Intentional Steps to Establish a Capital Reserve Account

If you are reading this post, then your organization likely owns or utilizes a facility. Given that, there are some facts about the life cycle and condition of your facilities that you need to be aware of:

  1. All buildings deteriorate at a rate of 1-4% per year
  2. As such, nearly every physical component of your facility will be replaced or have a major overhaul
  3. The rate of deterioration can more than double if we do not stay current with the natural rate of deterioration
  4. All of the above will require dollars

So the big questions are…how much money will be needed and when.

If you cannot definitely answer either part of that question, then we have the right resource to help you better develop a long term life cycle and capital reserve plan (and it is FREE):

5 Intentional Steps to Establish a Capital Reserve Account

Almost every component of your facilities will have to be replaced at some point. Do you have an action plan? INTENTIONAL organizations plan today for tomorrow’s costs. That’s why it’s critical you establish a capital reserve account now!

What’s in the eBook?

  1. Easy to understand concepts of Capital Reserves
  2. Compelling statistics about the cost of facility ownership
  3. Intentional steps to get you on the right path
  4. Tools to get you started

This FREE e-Book helps you implement the 5 steps necessary to start the process of Life Cycle and Capital Reserve planning.  Click HERE to download your copy.

Also, don’t forget to check out the eSPACE Event Scheduler and Work Order Management tools to help you be efficient, effective and intentional with your Facility Stewardship.

About the author : Tim Cool

Tim Cool

Tim has assisted nearly 400 churches, (equating to over 4 Million Sq Ft) throughout the United States with their facility needs. He has collaborated with churches in the areas of facility needs analysis, design coordination, pre-construction coordination, construction management and life cycle planning/management.

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