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Reserve Study Cost
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<blockquote><strong class="quote">Snowdance HOA Pres wrote:</strong> <P>Association Reserves did a study with on-site review for Snowdance in early 2024 for $2900 (updates $1350). Our first budget year we used a pared down version of its results fairly directly. This year, we found we needed to reverse engineer their process an build a rather extensive spreadsheet to keep roll it forward.</P> <P>The key thing that the study bought us was third-party estimates of age expectations and replacement costs for all our infrastructure. We needed it because our old tracking sheets had fallen too far out of date. If you have that information in hand and the price is right, software may make sense for you.</P> <P>Regardless, next time we contract for a study, we'll make getting soft copy results a priority. Building that spreadsheet by hand was a painful process that probably introduced some errors.</P> </blockquote><br>
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