Securing Your HOA's Future: The Importance of Capital Reserves and Reserve Studies

Understanding and managing capital reserves is essential for the longevity and financial stability of your HOA community. Capital reserves are funds specifically set aside for significant future repairs and replacements, allowing the community to handle large expenses without sudden assessments. A reserve study, customized for HOAs, estimates future capital expenses, determines the required reserve balance, guiding maintenance and budgeting effectively. Effectively managing these reserves and using reserve studies will secure a well-maintained and financially stable future for your HOA. For more information, please contact CAMS.