Special assessments are one of the most disruptive things an HOA board can impose. When a roof fails, a parking lot crumbles, or a pool needs replacement, associations without adequate reserves are forced to charge homeowners a lump sum — sometimes thousands of dollars. A reserve study solves this problem by projecting when major components will need replacement and calculating how much the association should be setting aside every year. Done properly, reserve funding eliminates the need for special assessments in all but the most extreme circumstances.
Reserve Metrics helps associations across Pennsylvania, Maryland, and Delaware establish realistic funding plans. Contact us for a free proposal.