property classifications

Property Classifications for Asset Management

When it comes to accurately scheduling your property values for insurance, it’s important to classify items correctly. What you may picture as a building or structure may not line up with your policy language. Additionally, some may not be…
capitalize or expense an asset

How to Determine Whether to Capitalize or Expense an Asset

Acquisitions are not always straightforward, making it difficult to decide whether to capitalize or expense an asset. Our staff assists public clients daily with asset capitalization and we frequently encounter scenarios that are not as simple…
preparing for your university’s inventory audit

Tips for Preparing for Your University’s Inventory Audit

When preparing for your university’s inventory audit, where do you begin? What should you focus on?  Auditors will typically select a sample population of assets to be reviewed. It’s vital to ensure that the following data elements and…
valuation methodology

How Valuation Methodology Impacts Outcomes

Just as apples are not oranges, there are often significant differences in appraisal services designed for large property programs and/or insurers. Frequently (and mistakenly!) viewed more as a homogeneous commodity than a customized service,…
why we appraise

Why We Appraise

HCA specializes in onsite property inspection and insurance appraisal services for a wide range of large property portfolio customers. The specific drivers for each client can vary, but there are common and interrelated themes in each engagement. Why…
property appraisals

Property Appraisals in Today’s Climate

In today’s climate, there are plenty of issues that can affect property values in dramatic ways. While we can’t predict with any level of certainty what will happen next, we can prepare based on what we’re seeing today. One thing we DO…
asset management for government

Asset Management for Government Entities

When it comes to asset management for government entities, we have extensive experience. Better data means better outcomes for your public entity, and we’re here to get you exactly that.    According to GFOA (Government Finance…
building depreciation components

Best Practices for Optimizing Depreciation Through Building Componentization

Building componentization is the segregation of building “parts” into components that roll up into Building Shell, Building Services, and Building Fixed Equipment.  What you need to know about building components:  Component costs…
capitalization issues

Common Capitalization Issues with Buildings, Building Improvements, and Infrastructure

Acquisitions are not always black and white, and it can be tough to determine when to capitalize and how much to capitalize. However, the asset classes in which we most commonly encounter capitalization issues are buildings, building improvements,…
fixed asset inventory
insurance coverage challenges

Insurance Coverage Challenges for Water and Wastewater Utilities

“Property insurance coverage for water and wastewater utilities can present many challenges – for insurer and insured, alike. Accurate coverage begins with proper recording and valuation of the underlying exposures; however, property typically…
threshold for property to be appraised

Selecting an Appropriate Threshold for Property to be Appraised

When implementing a property appraisal program, you likely feel like you have a lot on your plate. We’re here to ensure you stay on track. One of the most critical decisions you’ll face is selecting an appropriate threshold for property…