HOA Condominium PCA’s and Reserve Study

Service Description

The primary purpose of a Reserve Study is to offer recommendations as to the amount of money a community, building or other organization should set aside on a yearly basis for the future replacement or major refurbishment of their commonly owned elements. A properly funded capital reserve program is the right formula for keeping a community's physical assets in prime condition while providing some key benefits to residents. We strongly recommend updating your Capital Reserve Study Every 3 years. Determining the immediacy of some repairs is important to a HOA. Budgeting for these repairs is also another concern. Understanding the existing condition of the assets and projecting repairs and or replacement can help communities set forth a plan that can hopefully avoid the unexpected and unpleasant "Special Assessment" to address immediate needs.