Reserve Funding: Condo and HOA Unknowns

The benefits of a reserve study have been well documented and universally accepted. Reserve studies highlight the scope of predictable repair and replacement an association will face over a predefined period, providing not only a roadmap of anticipated costs but a clear plan as to how to navigate and prepare for them. However in spite of its acceptance as a good means of management and financial planning, a reserve study must also be understood for its inherent limitations.    Read more……..


Related Articles

Four Simple Steps to Community Building this Spring

Since we just turned our clocks ahead a few days ago, it means that spring is right around the corner.

What are the top 3 roadblocks preventing your Condominium Association from obtaining FHA Certification?

An FHA loan allows a buyer to purchase a condominium with a smaller down payment, and in some instances, at

When Owners Don’t Pay: HOA Boards Struggle to Make Ends Meet

Nothing remained in the New Jersey townhome after the owner, exasperated and struggling, financially picked up and left. And took