How Much are Adequate Reserve Contributions?
At Association Reserves we understand board members face a big challenge to budget for the maintenance and replacement of their association’s major common area assets. Boards typically have little knowledge of project costs and when those costs are expected to occur. Looking to the Reserve Study for guidance, most members will review the document and exclaim, “We’re supposed to put THAT much in?” Such a realization often brings a chill to the budget process. Read the article……………
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Most board members at community associations are well-intended homeowners who want to do a good job. But few have expertise
“In a hole in the ground there lived a hobbit.” This is the opening line to J. R. R. Tolkien’s