Monthly Archives: April 2017

//April

How to Get a Great Reserve Study

A great reserve study results in a funding plan which meets the National Reserve Study Standards. This means that sufficient funding is available when repairs and replacements are needed. The financial responsibility of contributions should be equally divided among owners, at a stable rate over time. The funding plan should also be fiscally responsible. To [...]

By | April 18th, 2017|Reserve Study|Comments Off on How to Get a Great Reserve Study

6 Reasons a Reserve Study is Important

What is a reserve study? A reserve study is an analysis of the physical components and the financial status, including long-term planning and funding of a Condo or Homeowners’ Association. A reserve study provides you with a savings plan which allows you to make small monthly payments. This reserve account is, therefore, available for funding [...]

By | April 4th, 2017|Reserve Study|Comments Off on 6 Reasons a Reserve Study is Important