What is Included in a Reserve Study?

calculator

A Reserve Study is made up of two parts, as defined by Community Associations Institute (CAI) and the Association of Professional Reserve Analysts (APRA) – the Physical Analysis and the Financial Analysis of the common elements.

When Should a Reserve Study be Done?

Clock

A reserve study is a tool used to provide an opinion of the annual reserve contributions required to support the reserve expenditures at a property.

How Much Should a Condo Have in Reserves?

laptops

Boards and owners alike must balance the need to keep adequate savings for future projects with the desire to keep monthly or quarterly fees at reasonable levels.

Are Your Reserves Fully Funded?

ladies

Are your reserves fully funded? It’s a great question, but at the risk of making this sound like a legal blog, it depends. In order to answer the question accurately, we first have to define the term fully funded.

What Does a Reserve Study Do?

house

A Reserve Study is a long-term budget planning tool that identifies the common elements belonging to an Association, and recommends a funding plan to maintain, repair or replace these common elements over a specified time period.