• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Florida Reserve Study and Appraisal

  • Home
  • Articles
  • Reserve Study
    • Reserve Study Background
  • Insurance Appraisal
  • About Us
  • Contact

Funding Reserves

March 31, 2020 By admin

Long Term Effects of Underfunding Reserves

The goal of any association budget is to properly identify their annual operating costs and their long-term capital reserve item portion contributions.  Associations are pretty good at budgeting their annual operating costs, but sometimes not as good when it comes to budgeting the reserve portion.  With reserves, not funding enough money will not have a […]

Filed Under: Blog Tagged With: Funding Reserves, Partial Reserves, Underfunded reserves

January 29, 2020 By admin

Reserve Funds: Expectations versus Reality

Most associations know that it is important to adequately fund their reserve items.  However, the reality of actually doing it is a different matter.  It takes time, effort, and political capital to properly fund reserves.  Reserve schedules should be examined every year and not left on a shelf to collect dust.  The political capital comes […]

Filed Under: Blog Tagged With: budgeting, effective reserve funding, Funding Reserves

November 19, 2019 By admin

How Does Our Reserve Fund Compare to Other Associations?

Reserve funding for associations varies widely based on the size of the association, number of reserve components, and cost of the reserve components.  So comparing the annual funding amount of one association to another is an apples-to-oranges comparison.  The best comparison, however, would be to compare the percent funded of associations.  Percent funded essentially measures […]

Filed Under: Blog Tagged With: Funding Reserves, Percent Funded, Special Assessment

August 30, 2018 By admin

Understanding Percent Funded of Reserves

One key feature that a reserve study should indicate is how well funded an association is.  The way that is measured is by a term called percent funded.  In Layman’s terms, percent funded means how much money you have in reserves versus how much money you should have in reserves.  The Community Associations Institute defines […]

Filed Under: Blog Tagged With: budgeting, Funding Reserves, Percent Funded, Underfunded reserves

December 29, 2017 By admin

FHA Reserve Funding Requirements

FHA financing is a popular choice to finance single family homes or condominium units.  FHA loans require only a 3.5% down payment minimum on purchases by the buyer, making it the most affordable option for many families. FHA Condominium Project Guidelines Due to the small down payment amount, many condominium projects are interested in obtaining […]

Filed Under: Blog Tagged With: FHA, Funding Reserves

July 31, 2014 By admin

How a Reserve Study Can Save Your Association Money

Reserve studies are beneficial to associations for several reasons. Proactively Get Organized A reserve study helps an association get organized with its capital assets. A reserve study will have an itemized section for that shows projected asset repair and/or replacement year by year. This serves a meaningful purpose. If an association is not well organized, […]

Filed Under: Blog Tagged With: Funding Reserves, Reserve Study, save money

June 30, 2014 By admin

Reserves for New Community Associations

There is a lot of organization involved when setting up a new community. Budgeting for reserves is not necessarily the first thing that new boards may be concerned with. However, the opposite effect of not setting up reserves properly can have lingering effects. Money that is not set aside is an opportunity lost to fund […]

Filed Under: Blog Tagged With: Funding Reserves, Reserve Study

April 30, 2014 By admin

What Your Reserves Do

Reserve funds are the backbone of community associations.  It is how they are able to pay for big ticket repairs and replacements.  Funding reserves is advantageous to your association for several reasons: Keep Property Values Up The biggest reason why you fund reserves is they help maintain and increase property values.  It is very difficult […]

Filed Under: Blog Tagged With: effective reserve funding, Funding Reserves, Special Assessment

March 31, 2014 By admin

Identifying Reserve Items

Identifying all of the reserve items in an association can be difficult.  One of the most common budgeting mistakes that associations make is not getting all of the proper items on the reserve schedule. Condominiums For condominiums in Florida, Florida Statutes 718.112(2)(f)2, says that reserves must be established for capital expenditures and deferred maintenance of: […]

Filed Under: Blog Tagged With: Funding Reserves, Reserve funding mistakes

December 5, 2011 By admin

Why You Should Fund Reserves

In Florida, it is not required for associations to fully fund reserves or fund reserves at all for that matter.  Many older associations never set up reserves and would just issue a special assessment to their members when it came time to repair a capital item or asset. Most Equitable Way to Do Things This […]

Filed Under: Blog Tagged With: Funding Reserves, Special Assessment

March 24, 2011 By admin

Why Percent Funded of Reserves is so Important

When reviewing a reserve study, there is a lot of information to comprehend.  Important measures to note are the yearly funding totals and the fee per unit per month.  Maybe the most noteworthy number to look at, however, is percent funded.  Percent funded is a percentage that measures the overall health of an association. Percent […]

Filed Under: Blog Tagged With: Funding Reserves, Percent Funded, Reserve Study

Primary Sidebar

Search this Site

Most Popular Articles

  • What Your Reserves Do
  • Identifying Reserve Items
  • Reserve Study FAQs Florida
  • Reserve Study Resources
  • Five Ways to Avoid a Special Assessment

Latest Posts

  • Sweeping Reserve Funding Changes for Condos and Co-ops
  • Reserve Funding Status Quo For 2022
  • Long Term Effects of Underfunding Reserves
  • Reserve Funds: Expectations versus Reality
  • 5 Ways to Turn Around Your Reserve Fund Situation
  • How Does Our Reserve Fund Compare to Other Associations?
  • Fannie Mae Reserve Funding Requirements

Footer

Contact Us

Phone: 813.932.1588
Fax: 813.388.4189
Email: steve@reservestudyfl.com

Address:
12407 N. Florida Avenue
Tampa, Florida 33612

Most Popular Articles

  • What Your Reserves Do
  • Identifying Reserve Items
  • Reserve Study FAQs Florida
  • Reserve Study Resources
  • Five Ways to Avoid a Special Assessment

Search This Site