A Reserve Study is an essential part of running a homeowner association. It provides the board with a systematic way to schedule the repair and replacement of common elements and a fair way to distribute the costs of those events to all the members who benefit from them over the thirty year time line. A properly funded Reserve Plan eliminates the need of special assessments which are unfair to those that have to pay them. And with adequate funding, maintenance gets done when it needs to be done instead of piecemeal or deferred.     Read more…….