What to Look for in a Reserve Study Provider
Anyone on a board of an HOA or condominium association knows the tremendous value of a quality reserve study. Equally important is partnering with an experienced and qualified reserve study provider. But what makes a good reserve study provider?
READ MOREInsurance Appraisals Minimize Risk
We are all much more familiar with insurance appraisals as it relates to buying our individual home, but there tends to be less clarity around the function of an insurance appraisal as it relates to homeowner and condominium associations.
READ MOREWhat is the Purpose of Reserve Funds?
Common-interest developments or community associations are the fastest growing housing sector today. These types of associations exist as condominiums, cooperatives, vacation timeshares, planned unit developments and more. According to the Community Associates Institute, as of 2020, over 25% of the entire US population lived in a community association.
READ MOREWhat Percent Should HOA Reserves Be Funded?
We’re often asked “what percent should HOA reserves be funded?” The short answer is that there is no “one size fits all” benchmark for measuring the health of your community association’s reserve funds when it comes to applying the percent funded model.
READ MOREManaging Capital Projects in Economic Uncertainty
It is more important now than ever to not lose sight of maintaining your association’s physical and financial health.
READ MOREHow Preventative Maintenance Saves Time and Money for Condos
For property owners, condominium associations, and homeowner associations (HOAs), the longevity of components on their property is incredibly important.
READ MOREFinancing Capital Replacement Projects
In a perfect world every Association would have an adequate level of reserves to cover the cost of future capital replacement projects.
READ MOREThe Importance of Updating Your Reserve Study
Weather plays a large role in the repair and replacement schedule of an Association’s common elements, which in turn affects the financial profile of the Association.
READ MOREHow Often Should You Update Your Reserve Study?
Keeping your reserve study up-to-date is critical to enabling boards to make informed decisions that maintain the investment of homeowners.
READ MOREReserve Studies: The Key to Harmonious Community Living
What is an association board’s role in serving their community association? Can a board accurately navigate changing needs related to replacement schedules and funding needs?
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