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The Ultimate Guide to Reserve Studies

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 [...]

By |2019-12-11T19:25:30+00:00June 13th, 2017|Reserve Study|Comments Off on The Ultimate Guide to Reserve Studies

Reserve Studies For Condominiums: What You Must Know

Conducting a reserve study is essential for every homeowner's association. A reserve study consultant provides a vital service for HOAs centered on condominiums. They look at the funds the HOA has available and ensure these are enough to maintain communal areas. This is not only important; in California, it is required by civil code. San [...]

By |2019-12-11T19:25:30+00:00May 1st, 2017|Reserve Study|Comments Off on Reserve Studies For Condominiums: What You Must Know

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 |2019-12-11T19:25:30+00:00April 18th, 2017|Reserve Study|Comments Off on How to Get a Great Reserve Study
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