Category: Our Process

One indispensable tool in your arsenal is the reserve study—a comprehensive examination of a property’s physical components and financial needs and a long-term capital plan to meet those needs. In this guide, we’ll walk you through each step of conducting a reserve study, demystifying the process, and empowering community associations to feel confident about the reserve study process.

During the physical inspection portion of a reserve study, a reserve consultant determines the useful life of each reserve component and a cost estimate for its replacement. Here are some commonly asked questions about determining cost estimates and useful lives.