We recommend getting a reserve study report updated every 3 years and certainly not any more than 5 years. It also advisable to get one sooner if there has been changes to the property or membership base. Reserve studies are meant to be a useful planning tool that reflects the long term assets of the […]
Update Reserve Study
Which Type of Reserve Study Do I Need?
Sometimes we are asked the question “which type or reserve study report do I need”? The answer to this question can range from easy to more complicated. The National Reserve Study Standards endorses three different types of reserve study reports. All reports, at a minimum, include life and valuation estimates, fund status, and a funding […]
The Life of a Reserve Study
We believe that reserve studies are an essential part of property management. People and property are constantly changing and evolving. As a result, the useful life of a funding study is at best a few years and certainly not more than five years. How long a reserve study will stay effective depends on several things: […]