We want you to feel confident selecting the right type of Reserve Study for your Association! All of our Reserve Studies are prepared by Reserve Specialists in accordance with National Reserve Study Standards. The resulting report covers a one-year period and includes a 30-year cash flow forecast. Every Reserve Study includes the following key three results:
- Current Component List (including Remaining Useful Lives & Replacement Costs)
- Current Reserve Fund Strength (measured by % Funded)
- Current Funding Plan (how much needs to be set aside to accommodate timely repairs and replacements)
Your proposal from Association Reserves will include the following offerings:
Our 3-Year Flat Fee Update Plan
designed to save you time & stabilize your budget
The Flat Fee Update Plan includes: (1) With Site Visit (WSV) Reserve Study Update and (2) No Site Visit (NSV) Reserve Study Updates, in any order, over three consecutive years. Our price is based on our “Economy” turnaround. Please refer to the levels of service described below.
Single Year Engagements
designed to meet your schedule, with 3 turnaround options (economy, standard and rush)
| Level of Service | Site Visit | Measurements | Component List | Photographs |
| Reserve Study- FULL- WSV | yes | yes | created from scratch | yes |
| Reserve Study Update- WSV | yes | no | updated from prior report | yes |
| Reserve Study Update- NSV | no | no | updated from prior report | no |
“Do-it-Yourself” Reserve Study Kit
The Do-it-Yourself Reserve Study Kit requires a team effort between us and our client and represents our most economical product. It’s designed for cost-conscious clients who are capable of compiling and/or updating their own Component List, detailing the scope and timing of each component’s future repair or replacement. It is on the basis of the client-submitted Component List that we are able to calculate your current Reserve Fund Strength. Finally, we craft a custom Funding Plan that allows for timely repairs and replacements, with an emphasis on avoiding special assessments.
A word about Reserve Study Updates…
Why Would Anyone Update a Reserve Study Annually?
Many Boardmembers and Managers ask themselves this very question. With Reserve contributions making up 15% to 40% of the typical Association’s budget, let’s look at the issues involved in formulating an answer. Read More
Consulting Services & Expert Witness Testimony
We offer a wide range of hourly consulting services for all matters related to community association Reserves. Rely on our expertise to review your own “in‐house” reserve planning or have us run some special “what‐if” reserve funding scenarios.
Consulting Rates: $200/hour (office work, site inspections, board meetings)
Litigators can look to Association Reserves for high caliber consulting, investigation, and testimony in all areas related to Reserves. This includes component lists, site inspections, financial analysis, computational methods, and Reserve Funding plans.
Expert Witness Rates: $300/hour (office work), $400/hour (deposition or trial appearances)
