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…………….


Related Articles

How Should the Association Handle Emotional Support Animals in Individual Units

The law that applies to accommodations for an emotional support animal is primarily the Fair Housing Act (“FHA”). Please note

The Silent Killer

Over the weekend, I was once again reminded of the importance of carbon monoxide detectors. Sadly, it was reported that

Rules Are Made To Be …Changed?

According to a Community Associations Institute survey, residents of community associations appreciate the benefits that the rules that govern community