Due to the arrival of our founder's firstborn (it's a girl!) in early October, no communication will be available for the first half of that month as David prioritizes family. Subsequently, all inspection work will be scheduled in November as soon as possible. We understand if that takes us out of the running in the immediate future. However, if you're still interested in our services, feel free to submit a contact or proposal request. We'd be more than happy to get back to you as soon as we can!
A Reserve Study is a long-range plan for repairing and replacing what your association, community, or property owns. Put simply, it answers two main questions: what projects are predictably coming, and how much should be collected to pay for it.
The complete baseline for those that have never conducted a Reserve Study before, or those that want to start completely fresh. A site visit for visual inspection, a component inventory built from scratch, condition assessments and context for everything the association maintains, and a 30-year projection, and your funding plan options!
Using a prior Reserve Study report as the starting point, this service level includes a visual inspection of your components to refresh visual condition assessments, project history, cost estimates, and life estimates to provide updated financial recommendations. Industry standards recommend completion of an update (with site visit) once at least every 3 years after completion of the Full Reserve Study. If your association or property has already had a professional Reserve Study done that you trust, this is the best option for you!
As the name states, this engagement is less intensive as it doesn't include any site visit. For that reason, you should see this as a financial refresh based on project history you report to us and updated component costs based on our updated data. If you'd like a lower-cost option to more continuously update your Reserve budgeting figures between "With Site Visit" options, this is the choice for you!
This engagement is specifically conducted for communities or properties not yet constructed, most often for developers. We use inventories, plans, and specifications provided to generate an initial component list for preliminary budgeting purposes!
| Full | Update - With Site Visit | Update - No Site Visit | New Construction | |
|---|---|---|---|---|
| Component Inventory | Newly Created From Scratch Based on Site Visit | Prior Study Inventory Used, Adjustments Based on Site Visit | Prior Study Inventory Used | Created Based on Available Plans |
| Condition Assessments | Yes | Yes | No | No |
| Funding Plan | New Range of Options (From Baseline Funding to Fully Funding) | Refreshed Options Based on New Information and Site Visit | Refreshed Funding Options Based on Available Information | Initial Funding Options |
| Typical Timing | N/A (First Time or Reset) | Once at Least Every 3 Years | The Years in Between "With Site Visit" Levels | N/A (One-Time For Pre-Construction Developments) |
We follow the Community Associations Institute's Reserve Study Standards (RSS), which sets the following progression of a Reserve Study:
Explanations for every item included (and excluded), including but not limited to detailed visual condition assessment, specific location, multiple photos, maintenance recommendations, and general information.
With over 500 Reserve Studies completed over the past 10 years, David has the experience and knowledge to provide you with clear and accurate information.
From a Baseline plan (only stay above $0) to a Fully Funding plan (reach 100% funded within 30-year projection), our report provides a direct range for your property decision makers to consider. From there, further (Excel-based) tools are provided so you can test as many different scenarios as you'd like!
Designed to be straightforward and usable for Board presentations!
We're always happy to act as a resource at any point you need it. The individual that conducted your inspection can present to the Board, answer your questions, and provide additional support as you need it!
This depends on the size and complexity of your property. As a rule of thumb, a typical property's Full, or from scratch, Reserve Study typically costs between $2,000 to $6,000. However, there are extreme cases where simple properties can cost less than $2,000 and large properties can cost more than $6,000. If you provide us with your association or property address details, we'd be more than happy to create and send over a proposal within two business days.
Per the Community Associations Institute's Reserve Study Standards (RSS), best practice is to conduct a Reserve Study (with a site visit) at least once every three years.
As long as you trust the data within it and we can verify that it has enough data to be updated, absolutely! Please note that if your prior Reserve Study has a component list where most of the quantities are listed as "1 Lump Sum" or something similar, those are the reports that we wouldn't be able to accept since it doesn't provide any context to actually complete the update. Component quantities are key, and every quality Reserve Study should list them clearly for future updates.
This depends, but typically the answer is no. The caveat is that you should follow necessary processes to fund an alternate figure. As an example, condominium associations in Florida typically need a membership vote to "waive" their association's traditional reserve funding requirement (NOT SIRS-RELATED FUNDING, WHICH IS REQUIRED). This vote, if passed, then allows the association to fund a lesser amount than the Baseline funding recommendation you'd see within our report. As a best practice, we typically recommend consulting with your property's legal counsel to obtain a final opinion on its specific funding and procedural requirements. A summary and/or directive document can then be created so everyone is clear on steps that need taken each year for your reserve budgeting process!
Because we care about providing you with the highest-quality Reserve Study we can, and you'll know exactly who you're working with from the start. David, who has extensive experience within the industry and cares about quality above all else, will be your project manager and direct contact throughout the engagement. Other companies may flaunt flashy numbers for quantities of Reserve Studies completed as a whole, but you should more directly consider the qualifications your assigned project manager would have!
What is coming for your property, and how will your association pay for it. A scoped proposal is the first step toward both answers.
Any statute references on this website were last reviewed on September 12th, 2026. Laws change, and no information on this website is intended as a legal opinion. Please verify current legislative requirements with your association attorney.