Posted by: phillipsre | September 6, 2013

Reserve Studies for Homeowners Associations

iStockPhoto_CondoBuildingMost Homeowners Associations today have a Reserve Study, a funding plan to offset the anticipated future major common area expenditures. Gary Porter at HOA Pulse has brought up the debate, discussing contingencies in Reserve Study. In this article, he addresses a number of issues that come up when determining if a contingency is a good idea or even feasible. Read more to to answer any questions you might have about your Reserve Study and to determine if a contingency is a good choice for your Association. If you still have questions and are interested in having a professional guide you with the study, Phillips Real Estate Services’ Community Association Group would be happy to assist you.

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