- Article
Reserve Planning – How Far into the Future?
Reserve planning is done so owners can avoid getting hit with special assessments when predictable major Reserve expenses occur. By planning ahead, owners pay their “fair share” of the deterioration of major components on an even and stable ongoing basis. But how far ahead is it reasonable to plan? What do you do when you replace your 20-yr old shingles with roofing material “guaranteed” for 40 years, or rebuild your seawall with a concrete structure that is designed to last 50 or 60 years?