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What Is a Reserve Study?

2016 Crossings at Irving Avenue- (15).JPG

A Reserve Study is a tool which anticipates major common area repair and replacement expenses and develops a prudent Reserve Funding Plan to pay for these expenses. By using meticulous research and analysis together with proven methodologies, a professional Reserve Study provides condominium associations with valuable budget planning information, and guidance on upcoming long-term maintenance and repairs. 

A Reserve Study consists of two major components: 

  • Physical Analysis

    • ​Component Inventory and Quantity; based on a comprehensive review of your governing documents and collaboration with your board of directors

    • Assessment of Component Condition; based on an on-site review and interviews with your vendors

    • Estimate of Useful Life and Remaining Useful Life; based on national benchmarks and our in-house database

  • Financial Analysis​

    • Current Reserve Fund Status​; based on our review of your current balance sheet and operating budget

    • Recommended Funding Plan; customized to your unique financial situation

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