Condominium buildings will often have a large number of common area components to maintenance and repair/replace. This can be very challenging for a Board or Manager who may not be familiar with building systems and their respective costs. A reserve study provides all the answers that are needed in a detailed and organized manner so that the Board can accurately plan for and budget expected common area replacement expenses.
Our studies include:
- A 30 year timeline of expected replacement expenses related to the common area components.
- A timeline of when these replacement projects will occur.
- Recommendations for adequately budgeting the for these expenses.
Learn more here: Reserve Studies for Condo Communities