A reserve study is a budgetary planning tool that identifies the major components of a structure or condominium project that will require future repair or replacement and setting up a funding plan that will ensure adequate monies are available for the planned expenditures.
First American Valuation, Corp. As State Certified General Appraisers we deal with income, expenses, cash flows, and budgetary requirements on a daily basis. For reserve studies we follow the Florida administrative code for condominiums and cooperatives. A Cash Flow Analysis Method is used to estimate reserve funding over a period of time. Taking into consideration is funding requirements, variable annual expenditures from the reserve fund, interest income, and inflationary increases in component replacement costs over the study period. Our experience, training, and credentials ensure the highest quality reports and analysis.
Customer service and satisfaction are the primary objectives of our company and we will do whatever is necessary to assure our clients are satisfied. Our fees for a reserve study are lower than our competitors in most cases. Obtaining and updating an accurate reserve study is imperative for HOAs to plan for the future upkeep of the association and to protect the investment of the individual homeowners.
Please contact us today for a free reserve study proposal or with any questions regarding reserves
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