Community Association Engineering — a division of GJB Engineering, Inc.
Reserve Studies
Full analysis and quantification of community assets with annual funding plans for long-term expenditures.
What's a Reserve Study?
As a top provider of Reserve Studies for community associations in Northern Virginia, our firm carries over 30 years of experience to provide a full analysis and quantification of assets within a community. These Studies — completed after an on-site inspection — help outline an annual funding plan for your communities Reserves, in preparation for long-term expenditures.
Our studies help community association boards and members by providing a clear understanding of their community's assets by identifying and accounting for these assets and providing a funding plan that meets the community's future expenses.
Why does my Community need a Reserve Study?
Reasons for Reserve Studies include:
- •Prepare for future major expenses
- •Protect and preserve property value through improved maintenance
- •Make community member contributions more equitable
- •Comply with state law requiring reserve studies
While the goals of community members may vary from person to person, everyone will share the desire to preserve and/or improve the shared assets within their community. Reserve Studies also help in achieving a fair way to plan for and collect funds for the communities shared reserves.
How Are Community Reserve Studies Conducted?
Determine Limits & Components
First, we'll determine the limits and components of the common space.
On-Site Inspection
Next, an on-site inspection is performed by one of our technical staff, to inventory, assess, and estimate the lifespan and replacement cost of the community assets.
Financial Analysis
Finally, a financial analysis is conducted and provided to our clients, ensuring clear communication of a recommended funding strategy for the community.
Let's Get Started
Ready to get top rated Community Association Engineering services? Download and submit a Service Agreement today.
Not quite ready? Contact us with your questions.