Mastering Reserve Studies and Budgeting: A Practical Guide for HOAs and Condo Communities
The 2021 Champlain Towers South collapse was a wake-up call, exposing the risks of delayed repairs and underfunded reserves. In response, over 30 states have passed laws requiring reserve studies and minimum funding levels. For HOA and condo boards, reserve studies are now essential tools for safety, compliance, and long-term stability.Whether you're building a reserve plan from scratch or refining an existing one, this guide will:
- Help board members and property managers understand how reserve studies fit into long-term budgeting
- Explain how reserve studies work and why they matter
- Show how tools like BuildingLink can simplify the reserve planning process
Why BuildingLink?
From innovative technologies to industry-leading customer support and training services, BuildingLink has earned a reputation as the gold standard in property management software and solutions.