3 Aspects of a Deficient Reserve Study (Infographic)

Conducting a New Jersey reserve study has a lot of advantages. It is a capital budget tool that helps NJ community association boards of directors determine the current status of the reserve fund, and upon completion, helps the association assemble a funding plan for ongoing deterioration of various common-element components within the community.

If the association fails to ensure a reliable reserve study, it can lead them to make inaccurate budget plans, incur unexpected expenses, and use an erroneous maintenance and repair timeline which could lead to the total replacement of association’s systems and components.

In order to help associations ensure a reliable and complete NJ reserve study, we detail in this infographic the three aspects that make a deficient reserve study.