Top 5 Reserve Study Misconceptions
A professionally prepared reserve study is a guide for associations towards having sufficient funds for major common area repairs and replacement projects in the future. However, somewhere in between completion of the plan and implementation, a host of misconceptions can take hold, resulting in costly errors. Read on to identify the five most common errors to avoid. 1) Contributing 50% of the recommended amount to the reserve fund –Cutting reserve contributions will leave your association short [...]
