Do Plumbing, Electrical, and Landscape Renovation Projects Belong in a Reserve Study?
June 9, 2014 No Comments
Several times a year I will get a call from an association representative
Several times a year I will get a call from an association representative
National Reserve Study Standards, effective since 1998, establish a four-part test (not a checklist) to determine which components should be funded through Reserves.
What is the difference between a Capital Improvement and a Reserve project? Or more
specifically, when can a Capital Improvement be more properly considered as a Reserve
expense? This question becomes important to Association-governed communities s they
consider what funds can be used