What is a Reserve Study and Why Does Your Community Need One?

The financial health of a community and planning for long-term projects is critically important to any homeowner’s association (HOA). In fact, it is so important, a term was created for it: “reserve study.” And while the term “reserve study” probably isn’t anything new if you serve or have ever served on an HOA board, many new homeowners, or those new to an HOA, may not fully understand the importance of a reserve study for the ongoing health of their community.   Read the entire article……………………………….

Editor

Recent Posts

How to Choose a Property Management Company

No two communities are identical; each community has various factors which influence what type of…

11 hours ago

Untenable Tenants! How To Address Problem Renters In Your Condominium (MI)

Tenants in condominium communities are often viewed as challenging, since they may not be familiar…

11 hours ago

HOA Homefront: Is it our manager or is it us?

Many associations struggle with a poor manager relationship, resulting in frustration for both sides. However,…

13 hours ago

Dubai homeowner associations can use emergency funds to take on repair works from April 16 rains

Homeowner associations in Dubai have started to receive approvals from RERA to use their emergency/reserve…

13 hours ago

What you can expect to pay for NYC condo or co-op insurance

New York City has never been particularly cheap, and annual insurance costs make living in…

13 hours ago