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Construction Defect Funds and Reserve Studies

Many associations want to know if they receive a settlement from construction defect litigation how will the affect their reserve study.  This all depends on what components are included in the construction defect settlement.  If the components are common area components that are included in their reserve study this could affect their reserve study and [...]

By |2017-02-13T17:22:39+00:00February 13th, 2017|Reserve Study|Comments Off on Construction Defect Funds and Reserve Studies

The Cost of a Reserve Study

The cost of a reserve study is typically very small when you consider the annual budget of an association and the cost of maintaining their reserve components.  An average townhouse condo association of 100 units could have an annual budget of $500,000 and reserve components who’s repair and replacement cost are between $750,000 and $1,500,000. [...]

By |2017-02-07T17:27:25+00:00February 7th, 2017|Reserve Study|Comments Off on The Cost of a Reserve Study