Community Associations: Engaging Residents in Reserve Planning
Reserve planning is a pillar of responsible and effective management of any community association, but the process is often a mystery to those who fund reserves – the residents.
READ MORECase Study: How Engagement Leads to More Actionable Reserve Studies
In 2022, a prominent 36-story high-rise condominium association and its adjoining garage association in downtown Chicago completed their first reserve study. Unfortunately, the firm they chose to complete this study left the board questioning the quality and usability of the report, leading the association to doubt the value of reserve studies altogether.
READ MORECapital Planning for HOAs: How to Build a Long-Term Funding Strategy
Capital planning is one of the most important, if not the most important, responsibilities of an HOA board. Going beyond the day-to-day routine operation of the community, capital planning focuses on the long-term physical and financial health of the community, as well as proactive planning for the replacement of major community assets.
READ MORECase Study: Building a Foundation for Long-Term Asset Management
Whether an association has 300 units or 30, managing and planning for the maintenance and reserve funding for community components is never an easy task. Even small associations will face large-scale projects, and without the foresight to prepare for them, boards may find themselves in a sticky situation.
READ MORECondominium Associations: Best Practices for Reserve Studies
Here, we will discuss best practices for condominium associations, challenges you may face along the way, and how to ultimately use your reserve study to lead your community to a prosperous future.
READ MORECase Study: A Decades-Long Case for Reserve Study Updates
No matter how long an association has been established or how many reserve studies they’ve completed, even the most experienced properties face challenges that only periodic reserve study updates can help mitigate.
READ MORECase Study: Two Communities With Identical Needs and Divergent Futures
It’s rare to find two condominium associations with identical footprints — let alone facing nearly identical capital planning challenges. Yet that was precisely the case for two long-standing Reserve Advisors clients who began their capital planning journey in 2012.
READ MOREThe Impact of Reserve Studies on Property Value
Reserve studies are integral to the health and sustainability of any community association, but they aren’t just a capital planning tool – they play a direct role in influencing condominium and HOA property values.
READ MORENavigating Legal Requirements for Reserve Studies: State by State
Whether you’re a community association manager, board member, or resident, having a firm grasp on the legal requirements for reserve studies and reserve funds in your state is crucial to your community’s wellbeing.
READ MOREHidden Costs of Underfunded Reserves – Florida Condo Lessons
Florida’s real estate challenges are not just a local issue—they are a lesson for us all. Underfunded reserves aren’t just a budgeting issue—they threaten community safety, financial stability, and long-term property values. By investing in their community today, associations can ensure a prosperous future.
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