What is an HOA Reserve Specialist?

An HOA reserve specialist conducts a study of the major capital systems within an homeowners association. The specialist evaluates the condition of major items, estimates when the item will need replacing, and projects the cost of replacement. The purpose of such study is for associations to decide how much money to set aside for major upgrades and replacements. A reserve study serves as a guide to timeline estimates and projected costs.     Read the article……………..


Related Articles

How to Effectively Inform HOA Residents on Outdoor and Decorating Regulations

Setting clear boundaries is a very important aspect of the relationship that the HOA Board has with its residents, but

Staying Close to Nature, and to Neighbors

There’s an unexpected bonus tucked within the Pinewood Lake community, just a few blocks from bustling Route 1 north of

If You’re My HOA’s Attorney, You Represent Me, Right? (No, Not Quite.)

As a community association attorney, I attend a lot of homeowner meetings to discuss legal issues and provide education to