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Reserve Studies

SBSA and its staff have provided thousands of reserve studies and capital expenditure analysis over the last 20 plus years and has built an extensive knowledge of the needs associated with common interest community construction. The staff at SBSA work together with community management, boards of directors, and association committees to foster unique ideas and tasks for inclusion into the long-range planning of your property. This method of communication allows for a mutual approach in the tailoring of the study and incorporation of special considerations.

We leverage our experience with property investigations, design and quality assurance of new construction into our line of Reserve Studies and Capital Expenditure Planning services.  This knowledge of actual design and owner’s services provides for a complete analysis than our completions approach of addressing this from a standpoint of accounting without the reality of the corrections, repairs, rehabilitation and the improvements to real property.

SBSA is the only company with Reserve Specialists, Certified Cost Consultants and Registered Professional Architects and Engineers on staff.  This distinction allows us to address a variety of your projects needs in-house and with staff aware of Associations requirements.

What is a Reserve Study?
  • A financial planning tool
  • Ties the Physical Needs to the Financial Responsibility
  • Incorporates the community’s needs, and plans, as well as historical information
Why does my community need a Reserve Study?
  • No two communities are the same
  • Protect and Enhance
  • Fairness
  • Sound Financial Planning
  • Fiduciary Duty
  • Contractual Duty
  • Statutory Duty
When should my community have a Reserve Study?

A Reserve Study should be conducted every 3 to 5 years and after the following:

  • Changes or additions to major components
  • Repairs of significant components
How is a Reserve Study completed?

Determine what your community needs:

  • Level 1 – Full Reserve Study
    • Component Inventory
    • Condition Assessment
    • Life and Valuation Estimates
    • Current Funding Outlook
    •  Recommend Funding Plan
  • Level 2 – Reserve Study Update with On Site Visit.
    • Financial and physical observation update of a prior Reserve Study
  • Level 3 –  Reserve Study Update without a Site Visit
    •  A financial update of a prior Reserve Study
  • Level 4 – Full Reserve Study plus an Engineering Evaluation
    • Address additional concerns with a Professional Engineer
How do I use my Reserve Study?

A Reserve Study should be used as a financial planning tool. It should not be perceived as a check list of work to be done for the year.