What is a Reserve Study in Your HOA?

The Reserve Study analyzes repair and replacement needs like roofing and painting that happen every year and provides a funding plan for accumulating money to perform this work when its needed. It is more a budgeting function than a construction or building analysis, although there is an element of that. The study is usually based on visual observations as opposed to forensic or destructive testing (tearing walls and roofs apart to see what’s underneath). The Reserve Study assumes that regular and adequate maintenance is being done to prevent premature repairs or replacements.  There are several parts to the Reserve Study process:     Read the article…………….

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