Posts Tagged: funding reserve accounts in community associations

The True Cost of a Low Reserve Account Balance

When a community is new, a study is produced that outlines a budget to fund a reserve account in preparation for future expenses related to the inevitable deterioration of major components of the common property. The study can include things like entrance signs, light poles, siding, roofs and sidewalks.  New community boards sometimes don’t see a need to build a reserve fund when everything is new,… Read more »

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