Use Active Asset Management to make informed and transparent decisions about your housing stock and enable stock viability assessments.
Options Appraisal, a module within Orchard Asset is an Active Asset Management solution for use with existing housing stock. This enables a strategic view of housing asset management and provides stock viability assessments. Housing organisations can as a result make informed and transparent decisions regarding the sustainability of stock, including future spend, redevelopment or disposal for single dwellings up to entire estates or areas. This effectively saves time and money, as manual efforts are reduced.
Orchard Options Appraisal allows you to make detailed “what-if” projections to compare the potential impact of decisions on a range of financial and social factors. This Active Asset Management solutions helps you to make informed, transparent and consistent decisions about alternative future treatment of properties, such as converting to market rent, selling, rebuilding or demolishing assets, or refurbishments.
Active Asset Management is expected by the regulator. Registered Social Landlords (RSLs) need to be able to evidence value for money. Sales to Non RSLs are not necessarily a bad thing if they allow investment in new social stock.
Active Asset Management is easier with a specialist tool which already contains your investment plans. Orchard Options Appraisal module does both the long term performance evaluation and the comparison of alternative options for single or groups of properties.
Custom groups of properties can be created using any combination of data from any part of the Orchard Asset database. User-defined financial and social impact factors can also be created to create custom scoring systems, for example management, maintenance or servicing costs, and demand, customer behaviour or neighbourhood indices.
This data is used to create projections for Net Present Values and social impact scores for different scenarios, providing an easy, consistent way of ensuring decisions represent good value for money and benefit the local community.
Information/data derived from Orchard Asset itself, such as planned component renewal costs, are automatically available for inclusion in any scenario. Factors such as demolition and redevelopment costs, alternative rental patterns can be created and used in an unlimited number of alternative scenarios.
“Prior to using Orchard Asset, our data was held in various spreadsheets which made dealing with compliance, decent homes calculations and asbestos, time consuming and cumbersome. As with the other modules, Options Appraisal has not only saved us time and effort but has also provided the ability to assess stock performance and analyse reasons for poor performance, all from the same master set of data.”
Options Appraisal provides a consistent approach to decision making, helping to achieve maximum effectiveness and best value. It provides a clear basis for future reviews of the cost effectiveness of stock and ensures that the option selected is more likely to meet the desired objectives.
In an analysis, a discount rate and period of years is selected and both Net Present Values and social impact scores are calculated. The results are displayed graphically with full drill down to individual property level. Decisions made following the appraisal are then based on calculated values rather than local opinion, ensuring that any subsequent actions represent good value for money and benefit the local community.