What Is a Reserve Study?

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: 

  1. Physical Analysis

    1. ​Component Survey and Inventory

    2. Assessment of Component Condition

    3. Estimate of Useful Life and Remaining Useful Life

  2. Financial Analysis​

    1. Current Reserve Fund Status​

    2. Recommended Funding Plan

MICHIGAN RESERVE ASSOCIATES