HOA Reserve Studies: frequently asked questions
These answers are general. For your situation, check the official sources listed below or ask a professional.
What is a reserve study?
A study of the common components an association must maintain or replace, with a funding plan for its reserve fund.
How often should it be updated?
Many professionals recommend a full study with a site visit every few years and updates in between; some states set the frequency.
Who can prepare it?
Reserve specialists and analysts; for Florida structural integrity reserve studies, licensed engineers or architects, among others listed by law.