Reserve Studies

We SPECIALIZE in HOA and COA Reserve Studies

What is a Reserve Study?

The analysis of a community’s major repair and replacement needs such as, roofing, siding, landscaping, painting, paving, sidewalks, recreation amenities, signage, fencing or deck replacement  over a specified period (minimum of 20 years) and the development of a plan for accumulating resources (cash) to perform the repair or replacement work when it is needed.

Professional Standards describe the parts of a Reserve Study as:

  • The Physical Analysis is the examination and documentation of the component inventory. It includes a determination of each component’s condition (useful life and remaining useful life estimates), and each component’s valuation (replacement cost estimates). The component inventory should remain consistent over the course of the community’s life, while the condition and valuation will change from year to year.
  • The Financial Analysis is the development and presentation of a spending and funding schedule over the study period (typically 20 or 30 years) in the form of a monthly or annual reserve contribution.

Reasons for Maintaining a Reserve Fund

  • It protects the owners' investments
    Reserve funds provide resources to maintain common areas and property and reduce deferred maintenance.
  • It meets some legal, fiduciary, and professional requirements.
    A reserve fund may be required by:
    • Certain secondary mortgage markets and insurers:
      for example; Fannie Mae, Freddie Mac, FHA, and VA
    • State statutes, regulations, or court decisions
    • Community's governing documents
  • It reduces the need for special assessments.
    Owners may not be able to afford a large special assessment that would be required if reserves are insufficient to cover a major repairs or replacements.

Reasons for Conducting and Updating a Reserve Study

  • Provide a documented plan for managing long-term maintenance obligations
  • Budgeting Tool
  • Reducing Tax Risk

What makes us different from many others?

Our commitment to provide professional and cost effective Reserve Studies for Homeowners and Condominium Owners Associations. Our personal attention and timely response is designed to help our clients plan for the future and protect the investment of each and every home or condo owner in their association. Just ask any of our clients for a reference.

Douglas O. Jones, CPA

Erik Robertson, RS

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8606 Allisonville Rd.
Suite 120
Indianapolis, IN 46250

Tel: 317.841.3393
Fax: 317.841.3989


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Phone: 317-841-3393



Erik Robertson

Douglas O. Jones, CPA