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Milestone Inspection Breakdown: What You Need to Prepare

Reserve Data Analysis on October 5, 2024

Milestone inspections are crucial for property owners to ensure the safety and longevity of their buildings. These assessments play a vital role in identifying structural issues, particularly in load-bearing walls and other critical components. In Florida, milestone inspections have become a legal requirement for certain buildings, making it essential for property owners to understand their significance and process.

This article will explore the key aspects of milestone inspections, including the criteria that trigger these evaluations and the role of licensed professionals in conducting them. We’ll also delve into the inspection procedures, how to interpret the results, and the impact on property owners and associations. By the end, readers will have a comprehensive understanding of milestone inspections and their importance in maintaining safe and secure structures.

Understanding Milestone Inspections

Origins and legislative background

Milestone inspections have become a crucial aspect of building safety in Florida, particularly in response to tragic events that highlighted the need for more rigorous structural assessments. The concept gained significant attention following the collapse of the Champlain Towers condominium in Surfside, Miami, on June 24, 2021. This devastating incident resulted in the loss of 98 lives and prompted state-wide concerns about building safety, leading to the enactment of new legislation.

In May 2022, the Florida Legislature passed Senate Bill 4D, which mandates structural inspections for condominiums and cooperative buildings that are three stories or higher 1. This legislation aims to enhance building safety and maintenance standards throughout the state by addressing roofing system repairs, building safety inspections, and the funding of reserves for continued maintenance and repair of such structures.

Scope and objectives

Milestone inspections are detailed structural assessments mandated by Florida law for buildings three stories or taller. These inspections serve multiple purposes, with the primary goal of verifying that the work complies with building codes, safety standards, and approved plans. The scope of these inspections includes a thorough evaluation of a building’s structural components, such as load-bearing walls, foundations, floors, roofs, and other critical elements.

The objectives of milestone inspections are multifaceted:

  1. To identify and address potential structural weaknesses before they become serious safety hazards.
  2. To ensure the ongoing structural soundness and compliance with evolving regulations.
  3. To serve as a proactive approach to building maintenance, involving systematic evaluations at critical intervals throughout a building’s lifespan 5.

Importance for building safety

Milestone inspections play a vital role in maintaining building safety, particularly in regions like Florida that are prone to environmental challenges such as humidity and hurricanes 5. These factors can accelerate wear and tear, potentially compromising the safety of structures over time. By conducting scheduled inspections, authorities can ensure that buildings remain safe for occupants.

The importance of milestone inspections extends beyond mere compliance with regulations. They are essential for several reasons:

  1. Safeguarding lives: The primary goal is to protect the well-being of residents, tenants, and visitors by proactively identifying potential structural weaknesses.
  2. Cost-effectiveness: Regular structural assessments and timely repairs are more cost-effective in the long run, helping to avoid costly emergency repairs and potential liability related to neglected maintenance.
  3. Preserving property values: Buildings with documented structural integrity and a history of proactive maintenance are more attractive to potential buyers, protecting the investment of owners and ensuring higher resale values.
  4. Insurance benefits: Some insurance carriers may offer discounts or more favorable terms for buildings that can demonstrate regular structural inspections and maintenance.

In conclusion, milestone inspections represent a sound investment in the long-term safety, financial well-being, and overall value of a building. They serve as a crucial tool in maintaining community safety and upholding stringent safety standards in Florida’s unique environmental context.

Criteria for Milestone Inspection Requirements

The criteria for milestone inspections in Florida are primarily based on building height, age, and location. These factors determine when and how often a property must undergo structural assessments to ensure safety and compliance with regulations.

Building height considerations

Milestone inspections apply specifically to condominium and cooperative buildings that are three stories or higher. This height requirement is a crucial factor in determining whether a property falls under the inspection mandate. The focus on taller structures stems from the increased complexity and potential risks associated with multi-story buildings.

Age thresholds

The age of a building plays a significant role in determining when milestone inspections are required. For most properties, the first inspection is mandated when the building reaches 30 years of age, based on the date the certificate of occupancy was issued. After the initial inspection, subsequent assessments are required every 10 years 7.

However, there are important timelines to consider:

  • Buildings with certificates of occupancy issued on or before July 1, 1992, must complete their initial milestone inspection by December 31, 2024.
  • For buildings that reached 30 years of age between July 1, 2022, and December 31, 2024, the initial inspection must be performed before December 31, 2025.

It’s worth noting that local enforcement agencies have the authority to extend the deadline for initial inspections under certain circumstances, such as when owners have already contracted with an architect or engineer and can demonstrate good cause for the delay.

Coastal vs. inland properties

The proximity to coastlines has an impact on the inspection requirements due to the potential for accelerated structural degradation in coastal environments. Buildings located within three miles of a coastline are subject to more stringent inspection timelines:

  • These properties must undergo their first milestone inspection at 25 years of age, rather than 30 years.
  • Subsequent inspections are still required every 10 years thereafter.

The rationale behind this distinction is the assumption that coastal buildings are exposed to conditions that make them more susceptible to rapid deterioration 11. Factors such as salt air and higher water tables can lead to more aggressive corrosion of concrete and rebar.

However, it’s important to note that there has been some debate regarding the differentiation between coastal and inland properties. The Florida Building Commission has recommended treating all condo buildings equally, with the first milestone inspection occurring at 30 years, regardless of location. This recommendation has faced criticism from some experts who argue that the coastal environment does indeed pose unique challenges to building integrity.

Local jurisdictions have some flexibility in implementing these requirements. They can modify the initial 25-year inspection requirement for coastal buildings based on specific environmental conditions in their area 1. This allows for a more tailored approach to building safety that takes into account local factors that may affect structural integrity.

The Role of Licensed Professionals

Qualifications of inspectors

Milestone inspections require the expertise of highly qualified professionals to ensure the safety and integrity of buildings. In Florida, these inspections must be performed by licensed architects or engineers who are authorized to practice in the state. These professionals must have the necessary qualifications to assess the general structural condition of buildings and determine any required maintenance, repair, or replacement of structural components.

The importance of having qualified inspectors cannot be overstated. These professionals play a crucial role in attesting to the life safety and adequacy of a building’s structural components. Their expertise allows them to detect potential issues that could impact the safety of the structure, making their role vital in the milestone inspection process.

Architect vs. engineer inspections

While both licensed architects and engineers are authorized to conduct milestone inspections, their approaches may differ slightly based on their specific areas of expertise. The choice between an architect or an engineer for the inspection often depends on the building’s unique characteristics and the specific requirements of the assessment.

Regardless of whether an architect or engineer performs the inspection, they must follow a standardized process. The inspection consists of two phases:

  1. Phase 1: This initial stage involves a visual examination of the building’s habitable and non-habitable areas, including major structural components. The professional provides a qualitative assessment of the building’s structural conditions .
  2. Phase 2: If substantial structural deterioration is identified during Phase 1, a more in-depth Phase 2 inspection is required. This may involve destructive or non-destructive testing, as directed by the inspector.

Responsibilities during assessment

Licensed professionals have several key responsibilities during the milestone inspection process. These include:

  1. Conducting thorough visual examinations of major structural components to identify any evidence of substantial structural deterioration.
  2. Preparing and submitting detailed reports of their findings. These reports must include a list of material findings and recommendations, a description of the inspection process, identification of all substantial structural deterioration, and repair recommendations.
  3. Determining whether any unsafe or dangerous conditions exist in the building.
  4. Recommending remedial or preventive repairs for non-substantial structural deterioration.
  5. Identifying items that require further inspection.
  6. Providing a separate summary of findings.
  7. Signing and sealing all reports with their professional credentials.

If repairs are deemed necessary based on the Phase 2 inspection, the responsible engineer or architect must apply for a permit within 150 days. They must also provide the Building Official with a letter indicating whether the building can be safely occupied during the repair process.

Once all applicable repairs are completed, the professional is responsible for providing an amended report confirming that the building is safe for continued use. This final step ensures that all identified issues have been adequately addressed, maintaining the safety and integrity of the structure.

Milestone Inspection Procedures

Milestone inspections involve a systematic approach to assess the structural integrity of buildings. These inspections are crucial for ensuring the safety and longevity of structures, particularly in Florida where environmental factors can accelerate wear and tear. The process typically consists of two phases, each with specific procedures and objectives.

Visual examination techniques

The first phase of a milestone inspection primarily relies on visual examination techniques. Licensed architects or engineers conduct a comprehensive visual assessment of both habitable and non-habitable areas of the building 14. This initial walkthrough allows inspectors to familiarize themselves with the layout and identify any visible signs of damage or deterioration.

During this phase, inspectors systematically evaluate various structural components, including foundations, framing, roofing, walls, and structural connections 5. They look for signs of structural damage, deterioration, or deficiencies that may compromise the building’s safety or stability. This visual inspection is crucial for determining whether further, more invasive testing is necessary.

Inspectors also review relevant documentation, such as permits, architectural plans, engineering drawings, and maintenance logs. This information provides valuable insights into the building’s construction history and compliance with regulatory standards.

Destructive and non-destructive testing

If substantial structural deterioration is identified during the visual examination, a more in-depth Phase Two inspection is required 14. This phase may involve both destructive and non-destructive testing methods to thoroughly assess areas of structural distress.

Non-destructive testing (NDT) allows inspectors to evaluate materials without causing damage. These techniques are particularly useful for examining load-bearing walls and other critical structural components. NDT methods can include ultrasonic testing, radiographic testing, or thermal imaging to detect hidden issues such as moisture intrusion or structural weaknesses.

In some cases, destructive testing may be necessary to gain a more comprehensive understanding of the building’s condition. This could involve removing small sections of materials for analysis or conducting strength tests on specific components. When determining testing locations, inspectors prioritize areas that are least disruptive and most easily repairable while still being representative of the overall structure.

Assessing structural components

Throughout the inspection process, inspectors focus on assessing the building’s primary structural components. This includes evaluating load-bearing walls, foundations, floors, roofs, and other critical elements that contribute to the overall structural integrity of the building.

The assessment aims to identify any signs of substantial structural deterioration, which is defined as structural distress that negatively affects the building’s general condition and structural integrity. It’s important to note that surface imperfections, minor cracking, or cosmetic issues are not typically considered substantial structural deterioration.

Inspectors document their findings meticulously, noting any deficiencies, areas of concern, or recommendations for remedial action 5. This comprehensive documentation is essential for communicating the results of the milestone inspection to stakeholders and serves as a reference for future inspections and maintenance planning.

By following these procedures, milestone inspections provide a thorough evaluation of a building’s structural health, helping to ensure the safety of occupants and the longevity of the structure.

Interpreting Inspection Results

Signs of substantial structural deterioration

Milestone inspections play a crucial role in identifying substantial structural deterioration in buildings. This term refers to significant structural distress or weakening that negatively impacts the safety and integrity of the structure. It’s important to note that surface imperfections such as cracks, distortion, sagging, deflections, misalignment, or signs of leakage are not typically considered substantial structural deterioration unless a licensed engineer or architect determines otherwise.

During the inspection process, professionals focus on load-bearing walls and other critical components to assess the building’s overall structural health. They look for signs that go beyond cosmetic issues, seeking evidence of deeper structural problems that could compromise the building’s stability and safety.

Safety implications

The primary purpose of milestone inspections is to prevent disasters by identifying structural issues before they become critical. When substantial structural deterioration is detected, it has significant safety implications for the building and its occupants. In such cases, the inspection report will outline the severity of the deterioration and recommend necessary repairs.

If a Phase One inspection reveals signs of substantial structural deterioration, a more in-depth Phase Two inspection becomes mandatory. This second phase may involve destructive or non-destructive testing to confirm if the building is structurally sound and safe for continued use. The safety of residents is paramount, and the inspection process helps ensure that buildings remain secure and compliant with regulations.

Recommendations for repairs

When milestone inspections uncover substantial structural deterioration, the inspection report will include detailed recommendations for repairs. These recommendations are crucial for addressing the identified issues and maintaining the building’s structural integrity. The report typically outlines:

  1. A list of material findings and recommendations
  2. Identification of all substantial structural deterioration and repair recommendations
  3. Determination of whether unsafe or dangerous conditions were identified
  4. Recommendations for remedial or preventive repairs for non-substantial structural deterioration

If repairs are deemed necessary based on the Phase Two inspection, the responsible engineer or architect must apply for a permit within 150 days. They must also provide the Building Official with a letter indicating whether the building can be safely occupied during the repair process.

It’s crucial for property owners and associations to act promptly on these recommendations. The Board of Directors should take immediate action to ensure the safety and integrity of the building when substantial structural deterioration is identified. This may involve planning for and implementing the recommended repairs, which can range from minor fixes to major structural interventions.

By understanding and acting on the results of milestone inspections, property owners can help ensure the longevity of their buildings and the safety of their occupants. Regular inspections and timely repairs not only protect residents but also help maintain property values and compliance with state regulations.

Impact on Property Owners and Associations

The implementation of milestone inspections in Florida has significant implications for property owners and associations, particularly in terms of financial considerations, communication requirements, and long-term maintenance planning.

Financial considerations

Milestone inspections can have substantial financial impacts on property owners and associations. The cost of these inspections is typically borne by the condominium or cooperative association, which may lead to increased association fees or special assessments for unit owners. These additional expenses can affect monthly budgets and the overall cost of ownership for individual property owners.

In cases where milestone inspections reveal significant structural issues, associations may need to levy special assessments to cover the costs of necessary repairs 20. This can result in substantial financial burdens for unit owners, potentially impacting their long-term financial plans.

The results of milestone inspections can also influence property values. Well-maintained buildings with no significant structural issues may see an increase in value, while those with deficiencies may experience a decrease. This can have far-reaching consequences for property owners, affecting their ability to sell or refinance their units.

Communication requirements

Effective communication is crucial when it comes to milestone inspections. Florida law mandates that condominium and cooperative associations distribute a copy of the inspector-prepared summary of the inspection report to each unit owner within 45 days of receiving it. This notice can be provided via mail or email for owners who have consented to electronic notices.

Additionally, associations are required to post the summary report on the condominium property and on the association’s website 9. This level of transparency ensures that all stakeholders are informed about the building’s condition and any necessary repairs or maintenance.

Long-term maintenance planning

Milestone inspections play a vital role in long-term maintenance planning for property owners and associations. The inspection reports provide a comprehensive assessment of a building’s structural condition, allowing associations to anticipate future maintenance needs and budget accordingly.

By identifying potential issues early on, milestone inspections enable associations to develop proactive maintenance strategies. This approach can help prevent minor problems from escalating into major structural issues, potentially saving significant costs in the long run.

The findings from milestone inspections also contribute to the development of Structural Integrity Reserve Studies (SIRS), which are crucial for effective financial planning. These studies provide cost estimates for identified issues and ongoing maintenance needs, allowing associations to create strategic funding plans that address both immediate requirements and future reserve obligations.

In conclusion, milestone inspections have far-reaching impacts on property owners and associations in Florida. While they may present financial challenges in the short term, these inspections are essential for ensuring the long-term safety, integrity, and value of buildings. By fostering transparent communication and enabling proactive maintenance planning, milestone inspections ultimately benefit all stakeholders in the condominium and cooperative community.

Conclusion

Milestone inspections have a significant impact on property owners and associations in Florida. These assessments play a crucial role in ensuring building safety and preserving property values. By identifying potential structural issues early, they enable proactive maintenance and help prevent costly repairs down the line. Furthermore, the inspection process fosters transparency and communication among stakeholders, ultimately benefiting the entire community.

Looking ahead, milestone inspections will continue to shape the landscape of building management in Florida. As property owners and associations adapt to these requirements, they will likely develop more robust long-term maintenance strategies. This shift towards proactive building care not only enhances safety but also contributes to the overall resilience of Florida’s built environment. In the end, while milestone inspections may present short-term challenges, they pave the way for a safer and more sustainable future for Florida’s buildings and communities.

 

Related Articles:

  1. Meeting SIRS Requirements: Best Practices for Structural Integrity
    “Best practices for meeting SIRS requirements to ensure structural integrity in community associations.”
  2. Why Structural Integrity Reserve Studies Matter for High-Rises
    “The importance of structural integrity reserve studies for high-rise buildings.”
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What Is A Reserve Account?

Reserve Data Analysis on July 19, 2023

Every planned development and organization should keep an adequately funded reserve account. This account can be what protects your community from certain financial doom when major costs crop up in the future.

What Is a Reserve Account?

A reserve account is a financial account that holds the money set aside by an association over time to pay for future repairs and replacements of the association’s assets. By saving money for these major expenses every year, an association can equally distribute the costs among the members who stand to benefit from these assets. 

With a reserve fund in place, an association can realistically anticipate major replacement or repair costs that may be necessary in the future. Many associations suffer from a severely underfunded or a total lack of a reserve account. These associations will likely need to levy hefty special assessments or take out a sizable loan when faced with a major replacement or repair of an asset.

Reserve funding also helps enhance property values. All homeowners wish to protect their investments and aim for a high resale value. And they are smart enough to know that an association with a properly funded reserve account is less exposed to risk. Mortgage lenders and loan providers also typically consider an association’s reserves before approving applications and setting rates.

Reserve Account vs Operating Account

Associations normally maintain two main accounts: an operating account and a reserve account. 

The operating account or operating fund covers expenses that occur on a regular basis (at least once every year). Operating expenses are predictable and have no adverse effect on the yearly operational budget of an association. Even if the expense is large, if it is something the association pays for at least annually, then it is considered an operating expense.

Some common examples of operating expenses include:

  • Utilities (electricity, gas, water, etc.)
  • Landscaping services
  • Pool maintenance services
  • Cleaning services
  • Management fees
  • Office supplies
  • Licenses and permits
  • Minor repairs (including tile roof and equipment repairs)

In comparison, the reserve account or reserve fund covers major expenses that must be budgeted for in advance, i.e. before they are incurred. These are typically expenses that occur less regularly and would have a sizable impact on the yearly budgetary process of an association if unaccounted for.

Some common examples of reserve expenditures include:

  • Roof replacements
  • Pool equipment replacement
  • Pool furniture replacement
  • Deck resurfacing
  • Fencing replacement
  • Asphalt overlays
  • Interior furnishings
  • Tennis court resurfacing

How Does a Reserve Account Work?

The goal of a reserve fund is to set aside enough money to cover the cost of major repairs and replacements when the need for them arises. An association with substantial reserves, for instance, would not need to levy special assessments or take out a loan once its roof deteriorates beyond repair.

A reserve account is funded through regular fees. For a homeowners association or condominium, these fees come in the form of owner dues. Similar organizations such as golf clubs and country clubs use the same blueprint and draw from membership dues. These due are then allocated appropriately between the operating budget and the reserve account.

Associations, though, should not rely on pure speculation when determining how much money to deposit in their reserves. Instead, they should invest in a reserve study. A reserve study provides calculations on the correct level of funding and presents a funding schedule that associations can follow.

In some states, reserve studies are mandated by law for homeowners associations and condominiums. The governing documents of an association may also indicate whether or not a reserve study is required. Even if state laws and governing documents are silent, an association would still be wise to conduct a reserve study to ensure that its reserves are adequately funded.

Are Reserve Funds Required?

reserve requirement | reserve account

As with reserve studies, reserve funds may or may not be required by state law. There are a few states that require associations to maintain a reserve account. California is one of them, with the requirement outlined under Civil Code Section 5550. In addition to state laws, an association’s CC&Rs or bylaws may also require it to maintain a reserve fund. 

Some shareholders may feel that a reserve fund is unnecessary because they don’t get to experience immediate benefits. However, a reserve fund acts like a fair-share plan, where each member only pays for what they use. Relying on special assessments every time a reserve expenditure comes up would be unfair.

A reserve fund also ensures that an association’s assets and components are well-maintained. An HOA board has a fiduciary responsibility to maintain the common areas and elements of the community. Part of that responsibility is making sure the association has enough funds to cover such costs.

Safety is another top consideration. When components aren’t properly maintained, they can malfunction and break down. In due time, these components can fail altogether, bringing about disastrous consequences. The Surfside condominium collapse in 2021 is a prime example of the tragedy that may come with an underfunded reserve account.

What Is a Financial Reserve? Answered!

All in all, it is easy to see why a reserve account is so crucial to a homeowners association – or any other organization, for that matter. There is a lot at stake, and a well-funded reserve account can be the only thing that separates success from total failure. Many associations find it difficult to come up with a funding plan themselves, though, so hiring a professional is always the way to go.

 

Related Articles:

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    “Discover essential strategies to maintain financial stability through effective reserve funds.”

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Reserve Study: What Is It And Its Purpose?

Reserve Data Analysis on July 19, 2023

A reserve study can be a valuable tool that keeps your organization from financial ruin. It is important to understand what a reserve study is and how it can help your community. In doing so, you can make smarter financial decisions for your association.

What Is a Reserve Study?

Before you can understand what a reserve study is, you must first understand how reserves work. Reserves are funds set aside by an association to pay for the major repairs and replacements of assets in the future. Many organizations maintain reserve funds, including homeowners associations, condo associations, country clubs, and even religious facilities.

Reserves come from the monthly fees that members pay. These fees are typically divided between the operating fund and the reserve fund. The operating fund covers the cost of day-to-day expenses, i.e. the expenses that the organization regularly pays for. In contrast, the reserve fund covers the cost of replacing or repairing components that the association is responsible for.

So, what is a reserve study?

A reserve study, also known as a reserve analysis, is a comprehensive report or guide that associations use to determine the right level of funding for their reserves and the correct dollar amount for contributions. It involves an inspection and inventory of the association’s assets as well as an estimation of each asset’s remaining useful life and cost of replacement/repairs.

The Importance of a Reserve Study

Reserve studies are integral to the successful operation of any organization. The primary objective of a reserve study is to provide a framework for associations that they can use to guide their reserve funding decisions. It is essentially a funding plan that ensures associations have a sufficient budget to cover the cost of repairs or replacements as they come up.

With a funding plan, members can make reserve contributions in small increments as opposed to the alternative, which is a large, one-time special assessment. Additionally, there would be no need for associations to take out a hefty loan. 

While preserving the community’s assets is the main goal of a reserve study, there are other reasons why it is something every association needs. 

Board members have a fiduciary obligation to maintain the common elements and areas in the community. They can’t feasibly fulfill this obligation without a reserve study in place. A reserve study lets board members know how much money must be available at any given time to cover the cost of repairs and replacements.

Delaying repairs or replacements may seem like a viable option. However, that would only have a negative impact on the association. The components will deteriorate, which will hinder functionality as well as appeal. Both of these factors can significantly affect property values.

Furthermore, many lending institutions require associations to produce a copy of their reserve study before qualifying for a loan. Homeowners may also need to present a copy of this study to mortgage lenders when taking out a first or second mortgage.

Types of Reserve Studies

Reserve study companies generally offer three types of reserve studies: a full reserve study, an update with a site inspection, and an update without a site inspection.

A full reserve study includes all the bells and whistles. It involves a physical walkthrough of the community to determine the condition of assets and take accurate measurements. 

An update with a site inspection also involves a physical walkthrough of the community, but it does not include any measurements. Finally, an update without a site inspection doesn’t come with a walkthrough at all. Instead, the company will simply make adjustments based on an existing study and update it to account for economic changes.

There is a fourth type of reserve study, though not all companies offer it. It is a DIY reserve study wherein the association conducts the site inspection itself. The company will then make calculations based on the collected data.

More often than not, all types of reserve studies come with a funding plan, budgeting charts, and a comprehensive evaluation of the components. The only real difference is the site inspection. If your community recently underwent a full reserve study, then you can simply opt for an update.

Who Needs a Reserve Fund Study?

Ideally, all organizations and institutions that are responsible for maintaining common areas or elements should hire a professional to conduct a reserve study. These include homeowners associations, condo associations, timeshare communities, golf communities, country clubs, churches, schools, and the like.

A reserve study is not always required, though. There are two factors to consider when determining reserve study requirements. First, your association must look to state laws.

Some states clearly require associations to conduct a reserve study. For instance, California Civil Code Section 5550 requires reserve studies at least once every 3 years. Because reserve study requirements by state can vary, it is important to check your state laws for guidance.

The second factor is the governing documents. An association’s governing documents may require it to conduct a reserve study every so often. Again, governing documents can differ from one organization to another. Thus, you should review your bylaws and CC&Rs to know if such a requirement exists for your community.

How Much to Keep in Reserves

Some associations might want to skip the reserve study and simply keep their reserves funded according to a general rule. Unfortunately, there is no rule of thumb that applies to all associations in this aspect.

Every association is different. One association may need a smaller sum in its reserves due to the nature and number of common elements it maintains. Another may need a larger sum because it has more facilities and common areas.

The only reliable and accurate way to determine how much you need in your reserves is to conduct a reserve study. An analysis of your association’s assets, inventory, and current funding balance will help you better plan for your association’s future.

Get It Right, Hire a Pro

Clearly, a reserve study plays a key role in the success of any organization. Attempting to make the calculations yourself, though, is not recommended. For an accurate and comprehensive report, it is best to seek the help of a reserve study company.

 

Related Articles:

  1. Understanding Reserve Studies for HOA Boards: The Basics
    “A basic guide to help HOA boards understand reserve studies.”

  2. Reserve Study Basics: Essential Planning for HOA Boards
    “Essential planning tips for HOA boards conducting reserve studies.”

  3. How to Plan HOA Reserve Funding for Long-Term Success
    “Plan your HOA reserve funding for long-term success.”

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