In this two-day, in-person class, students will learn how to create a cost-to-cure table. A cost-to-cure table is a compilation of construction cost estimates to address immediate improvements to a commercial property based on the findings in your inspection report. This service can help your clients determine the necessary funds they need to set aside in order to cover immediate expenses. Commercial property inspectors first determine the overall condition of a property, and this class will teach you how to go a step further by providing insight into the financial picture of the property as an asset.
Day 1: Cost-to-Cure Table Basics
Instructor Lance Coffman will cover the essential information needed to create cost-to-cure tables, including the definition of service, parts of the table, and important elements to consider when creating your own table. He’ll also go over the various resources for gathering construction cost estimates and how to implement them. By the end of Day 1, you will have all the necessary tools and information you need to start creating your own table.
Day 2: Practice Examples and Best Practices
To start, you’ll create cost-to-cure tables using practice examples and participate in class discussions about the process. You’ll build on this knowledge by learning about a similar service that goes beyond immediate costs, known as capital reserve tables.
The class will also cover best practices for offering repair, replacement, and maintenance cost services to clients, including matching people with products, marketing, important inspection agreements, and the inspection research and proposal process.
F or additional information, visit: https://ccpia.org/cost-to-cure-reporting/
