Full Reserve Study » Certified Inspection FL

Expert Engineering: Our reserve studies are conducted and reviewed by licensed, Professional Engineers, ensuring top-notch expertise and accuracy.
Regulatory Compliance: We ensure your reserve study meets all state and local regulations, providing peace of mind and legal compliance.
Comprehensive Analysis: We conduct detailed evaluations of your property’s components, assessing their condition, useful life, and replacement costs.
Financial Planning: Our reports include a thorough financial analysis and a reserve funding strategy to ensure your association has adequate funds for future expenses.
Local Knowledge: Operating from our headquarters in Miami Beach, we have extensive local expertise on buildings, maintenance costs, and environmental considerations.
Clear Communication: We provide clear, easy-to-understand reports and attend association meetings to explain findings and recommendations.
Preventive Maintenance: Our studies help you identify potential issues early, saving on future maintenance costs and ensuring the safety and longevity of your property.

What is a Full Reserve Study?

A Full Reserve Study, also known as a Level I Reserve Study, is a detailed and comprehensive assessment of an association’s reserve funds. It identifies the current status of the reserve fund and provides a stable and equitable funding plan to offset ongoing deterioration and cover future repair and replacement expenses.

What is the purpose of a reserve fund study?

The purpose of a reserve fund study is to assess the adequacy of the reserve fund to cover future repair and replacement expenses for common elements and assets of the property. It helps ensure that sufficient funds are available when major expenditures occur.

Who completes a reserve study?

While the Davis-Stirling Act does not specify who should perform reserve studies, it is best to have an independent, credentialed reserve analyst, such as a licensed engineer, complete the study. This ensures expertise and accuracy in the assessment and recommendations.

How often should a reserve study be updated?

It is recommended to update your reserve study annually to ensure the financial projections remain accurate and account for any changes in the property or economic conditions. This helps maintain a reliable reserve funding plan.

For a detailed and professional Full Reserve Study, trust Certified Inspection FL. Contact us today to schedule an inspection and secure the financial health and future of your community association.