What is the purpose of the reserve study
Whether you live in a condominium, a homeowners association, or any community with shared amenities and common areas, you’ve probably heard of a reserve study. But what exactly is it, and why is it essential? A reserve study plays a crucial role in ensuring the financial health and sustainability of these communities. In this blog, […]
Reserve Studies According to ChatGPT Open AI
What is a reserve study? A reserve study is a financial planning tool used by homeowner associations (HOAs), condominium associations, and co-operative housing corporations to estimate the long-term costs of maintaining, repairing, or replacing common elements and amenities. The purpose of a reserve study is to ensure that the association has sufficient funds to cover […]
