What is reserve Study BLOG 2021

What is a Reserve Study?

Walter Hopkin Our Blog Leave a Comment

A reserve study is a long-term budgetary planning tool provided to an owner or maintaining entity (ex: Homeowners Association) of a property. The study is a comprehensive inventory of site components, whose purpose is to give an estimate of the replacement and/or repair costs for site work, building construction, and furnishings over a set life expectancy. The quality of materials …