Levels of Service Selection Guide

A Reserve Study by Association Reserves will provide you with the critical information you need to satisfy your primary responsibility as a Board member or Manager - protecting the assets of the association! With a Reserve Study by Association Reserves you can have the peace of mind that comes from choosing an experienced and reputable company. Our analysis of your Reserve requirements will be based on our experience of preparing close to 1,000 Reserve Studies each year for community associations throughout the United States.

Association Reserves provides a full range of Reserve Study and hourly consultation services. Four Reserve Study "Levels of Service" are offered:

Level I: "Full" Reserve Study.

This is our most comprehensive product, designed for associations performing a Reserve Study for the first time or for associations with concerns about the accuracy of their Reserve Component List and measurements. A thorough site inspection is performed to develop the Reserve Component List (Component Description, Useful Life, Remaining Useful Life, and Replacement Cost), summarized with a printed color photographic inventory. From this Physical Analysis we perform a Financial Analysis (an evaluation of your current Reserve Fund Strength and a recommended ongoing Reserve Funding Plan), compiled all together into an easy-to-understand Report.

Level II: "Update With Site Visit" Reserve Study.

This product is for associations confident their Reserve Components and measurements are accurately listed. It is a good choice if you have large or complicated Reserve Components, are approaching or just finishing major projects, or if you have not had a reliable on-site inspection within the last three years. An on-site inspection is performed to update existing life and cost figures but not to re-quantify all components, and is summarized with a printed color photographic inventory. From this updated Physical Analysis information we prepare the Financial Analysis and assemble this useful planning document.

Level III: "Update No Site Visit" Reserve Study.

This product also is for associations confident their Reserve Components and measurements are accurately listed, but who due to mild weather, minimal Reserve projects, or a simple set of Reserve Components do not feel an on-site inspection is necessary to accurately update existing life and cost factors. In this product we update the Reserve Component List based on interviews and a review of association information, not an on-site inspection. From this updated Physical Analysis information we prepare a Financial Analysis which cost-effectively gives useful budget guidance.

Level IV: "Do-it-Yourself Kit" Reserve Study.

This is designed as a "first-time" product for cost-conscious associations capable of compiling their own Reserve Component List, or as a very cost-effective "update" product for associations capable of establishing current life and cost factors from their existing Reserve Component List. In this $349 product ($299 for Updates), we perform the Financial Analysis and prepare the Report based on the Reserve Component List information the client has compiled with the help of our workbook.

AND REMEMBER, along with your completed Full, With-Site-Visit, or No-Site Visit Reserve Study (No DIY), we supply, free of charge, a working Microsoft® Excel spreadsheet. This enables our clients to perform follow-up manipulations and test unlimited "what if" scenarios