The comprehensive site inspection and detailed inventory of components in the study provide the Board with a reliable and accurate document to based funding decisions on.
The component list developed during the comprehensive site inspection provides a full list of common area components, their related costs and their related condition levels.
Our studies provides projected costs, useful life and remaining useful life of the components over a 30 year period so that the Board and membership is aware, well in advance, of predictable common area expenses.
Finally we develop numerous funding strategies to show how an HOA can adequately pay for these common area expenses in a realistic manner while complying with National Reserve Study Standards and all Statutory requirements. Implementing and following a financial strategy is much easier when there is a set document to guide the current and future Boards in the same direction.