If you live in a development with a HOA (Homeowners’ Association) you usually pay a fee to help it keep up with maintenance where you live. This can include minor things like landscaping and also major issues like plumbing problems. The type of maintenance varies depending on what your living space is like and where [...]
It is essential that every group or person responsible for a property conducts a reserve study. A reserve study calculates the potential costs of repairs against funds the capital kept in reserve. This makes sure that funds available to meet any repair costs. Every person or group responsible for a property should carry out a [...]
The answer to this question is not a simple yes or no. Every year associations should review their reserve study and evaluate all components with a zero remaining life. But it may not be necessary to replace all of them right away. An important question to ask if you are not going to replace the [...]
