A reserve study is a long-term capital plan for a property, its infrastructure, and surrounding assets. A reserve study provides an in-depth analysis of a property’s physical condition, as well as an evaluation of the financial health of the property’s reserve funds. A reserve study includes a detailed list of property components that are commonly owned and maintained, including component quantities, ages, conditions, and useful lives. A reserve study will recommend replacement times for each capital asset, dependent upon component conditions and available funding. A long-term funding plan is established to offset the costs of repairing and/or replacing the various property components, and the reserve study will provide recommendations on how to best fund future capital repairs and replacement projects.
A professional reserve study is one of the most proven, cost-effective ways to increase the market value of your property.
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