reserve studies

Reserve funds can only be used to pay for repair and replacement of common area components.  Reserve funds can never be used to add a new component to the common area.  So for example, you cannot use reserve funds to add a new playground to your HOA.  But if you are replacing an old playground [...]

Many HOA clients often ask if plumbing and piping should be included in a reserve study. Some may say no because CAI national reserve study standards state that a component must have a predictable remaining life to be included in a reserve study. It’s true that trying to predict exactly when plumbing will need to [...]