Capital replacement planning software

With a capital replacement plan in place, the housing project can use a methodical and financially controlled approach, resulting in fewer vacancies, lower turnover, and less negative feedback from tenants about any possible increases in housing charges. Skip to content. Home Professionals Industry innovation and leadership Industry expertise Affordable housing Managing affordable housing Housing management hub Capital replacement planning. Capital replacement planning Calculate how much to set aside in annual reserves for future repair and replacement needs.

Did You Know? You can include an email signature? Why Make a Capital Replacement Plan? Planning for major repairs and replacements is a housing management best practice, and there are a number of benefits, such as: Fewer surprises A building has many items that will inevitably need to be replaced. Cost savings Having a capital replacement plan in place will improve the financial viability of a housing project.

Some of the financial advantages of planning ahead include: more time for a tendering process, resulting in better quotes and lower prices; reduced borrowing costs due to planned annual savings that allow an organization to pay for the repair out of the reserve completely or with a smaller loan; it may also be possible to earn interest income by investing the annual savings; and lower maintenance costs due to having building components replaced before they fail; also, newer building components generally require less maintenance.

Better marketability Older windows, roofs and floors can make it harder to rent units, resulting in higher vacancies and turnover rates, and less revenue for capital improvements.

Was this page relevant to your needs? Sorry to hear that! Can you tell us about the problem? Leverage in-house staff with a tablet-based self-assessment module that helps facilities teams rapidly collect incremental facility and building condition data. This mobile capital planning software features best-practice inspection survey templates for quick and accurate assessments. Documents and links to other sites and data sources can be associated site-wide, or attached to objects including regions, assets, and requirements.

Examples include policy and procedure documents, maintenance schedules, approved budgets and facility-specific reports.

A Unified platform for Better Facilities Management The VFA Capital Planning Software platform helps facilities professionals objectively model multi-year capital plans that optimize and align real estate portfolio investments with their mission. Customize data and views Organize asset data into numerous levels and create customized fields and drop-down lists on the fly.

Provide remote access for all stakeholders Unlock the value of the VFA Capital Planning Software platform for all stakeholders by providing them with quick and secure access to key facilities information on a desktop or mobile tablet.

Perform mobile self-assessments Leverage in-house staff with a tablet-based self-assessment module that helps facilities teams rapidly collect incremental facility and building condition data. Find relevant documents and links Documents and links to other sites and data sources can be associated site-wide, or attached to objects including regions, assets, and requirements.

Employ multiple cost sources within the software, including third-party solutions and your own proprietary cost estimation data. Streamline cost estimation with a library of building and system model templates to estimate the cost of capital asset renewal and replacement. Estimate system renewal costs and timelines based on both observed condition and asset age. Forecast long-term costs and explore the impact of different spending levels on facility conditions.

Create multi-year budgets based on organization-wide priorities and strategies. Develop multiple ranking strategies for different types of assets and compare various budget scenarios. Evaluate different project scenarios and develop cost-effective capital projects from prioritized capital needs. Benchmark progress using industry- standard benchmarks, such as the Facility Condition Index FCI , to compare assets across a portfolio or against industry standards.