Blog
How do you read a reserve study?
Start with the executive summary for the percent funded, the recommended annual contribution and the funding goal. Then read the thirty-year cash flow table to find the lowest balance and the year it falls in. Only then go to the component list, and check it against what you know the association owns.
What is the difference between a Level 1, 2 and 3 reserve study?
Level I is a full study with a site visit, Level II an update with a site visit, Level III an update without one. When a board should pay for each.
What happens if an HOA skips its reserve study?
Skipping a reserve study risks breaking the law where one is required, a special assessment when a big component fails, and trouble when owners sell.
What percent funded is healthy for an HOA reserve fund?
Percent funded compares the reserve balance with what the fund should hold: what it means, the three funding goals, and why 100 percent is not required.
What does a reserve study actually contain?
A reserve study has five parts: component inventory, condition assessment, life and cost estimates, fund status and funding plan. What each tells a board.
Nothing under this topic so far.
Request proposals for your reserve study
The community ZIP code, how to reach you, then a few taps about the association. About a minute, and nothing is sent to a firm until you say so.
This is a free introduction service, not a reserve study provider. We find one firm that works in your state and tell you its name before anything is shared. Nobody contacts you until you say yes.
Thank you. Your request is logged.
- We look for a reserve study firm that covers your state and does the kind of study you described, then email or call to tell you which firm it is.
- Your details reach that firm only if you say yes.
- The firm sends a written proposal with the scope, the level of service and the fee. No marketing from us, ever.