A Reserve Study is one part physical analysis and one part financial analysis. For the last 30 years we’ve helped thousands of clients across the country anticipate and prepare for their community’s major repair and replacement costs. Armed with this knowledge they can make accurate disclosures to homeowners and set their monthly dues accordingly. However, there are other things to consider.

The Devil is in the details

As we all know, the real estate market has taken some major hits in the last few years. As a result, it’s become generally more difficult for home buyers to get the funding they need to purchase a home. Today’s lenders and much more careful to hand out cash. Simply put, the details matter more than ever before.

In our industry we are seeing a common trend: Lenders are starting to use reserve disclosures, particularly Percent Funded, to assess the financial strength of the community you’re buying into. This obviously has a lot of implications – for current home owners, home buyers and ultimately the community or association as a whole.

Watch as our Chairman of the Board, Damian Esparza discusses this issue at recent conference for HOA board members.

Interested in getting a Reserve Study for your community? Click here to get a proposal!