Financial planning is necessary for successful implementation of Landscape Master Plans.
Careful analysis of your property’s recurring and long term costs – your property’s financial situation – is a key component of comprehensive Landscape Master Plans.
- Hidden Costs
- Operations Budget/Accounts
- Reserve Budget/Accounts
Identifying hidden costs, reviewing your landscape and irrigation maintenance contracts and allocating funds to save for the eventual replacement of assets that have surpassed their life expectancy are included in comprehensive Landscape Master Plans.
Developing a Landscape Master Plan is necessary in order to properly fund Reserve Accounts. Identifying and reducing hidden costs will improve return on investment timelines; lowering overall costs and lowering Operating Budgets, while improving property values.
Savvy home buyers give priority to Homeowner Associations that have comprehensive, well funded Reserve Accounts.
Reserve Study Guidelines – State of California Department of Real Estate
Operating Cost Manual – State of California Department of Real Estate