Level 1 | A Full |
Reserve Study

Here Everything You Need to Know about our Full Reserve Study
Service.

Level 1 (A Full)
Reserve Study

Here Everything You Need to Know about our Full Reserve Study Service.
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About our Level 1
Reserve Study In Detail

Level 1 Reserve Study (A Full Reserve Study) is the most detailed or comprehensive level of reserve study service. It is typically performed for properties and associations that are conducting a reserve study for the first time. Subsequent reserve studies may require less extensive levels of service. Therefore, most properties will need a Full Reserve Study during their initial engagement with an HOA Reserve Study. Level 1 Reserve Study include both financial and physical analysis. A Full Reserve Study comprises an inspection of the property or an on-site visit and it also involve the inspection of all reserve components that can be accessed. Components are itemized on a reserve list, and their quantities are determined beside these we also provide a conditional assessment of these components.

HOA Reserve Study subsequently examines the results to determine remaining useful lives and estimates the cost of components to complete the reserve study. Capturing colored photos are also incorporated in a Level 1 reserve study. HOA Reserve Study will establish an accurate Component List, which forms the basis of every Reserve Study after contacting your service providers and vendors. The last phase of the task includes determining your Reserve Fund Strength, creating a customized and recommended Funding Plan, and producing your Reserve Study deliverables.

Overview of our
Level 1 Reserve Study

Level 1 Reserve Study | HOA Reserve Study

Site Inspection

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Measurement

Measurement

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Component List

Built from the scratch
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Component Evaluation

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Colored Pictures

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Level 1 Reserve Study | HOA Reserve Study

Site Inspection

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Measurement

Measurement

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Component List

Built from the scratch
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Component Evaluation

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Colored Pictures

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We Keep Our Promises

What our customers
say about us

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Accurate Report

They are excellent in taking care of my property and providing accurate Reserve Study report, Would highly recommend!

Mark A.

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Excellent services

Because of their excellent service we decided to hire HOA Reserve Study to take care of Reserve Study services. Highly Recommended.

Abraham F.

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Patient with our requests

They are very patient with our requests, anytime that I had questions or requests they provided within 24 hours. Thank you for your services!

Joanna Prestley

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Accurate Report

They are excellent in taking care of my property and providing accurate Reserve Study report, Would highly recommend!

Mark A.

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Excellent services

Because of their excellent service we decided to hire HOA Reserve Study to take care of Reserve Study services. Highly Recommended.

Abraham F.

https://hoareserve.com/wp-content/uploads/2023/05/Emma-160x160.png

Patient with our requests

They are very patient with our requests, anytime that I had questions or requests they provided within 24 hours. Thank you for your services!

Joanna Prestley

https://hoareserve.com/wp-content/uploads/2023/05/Peter-160x160.png

Accurate Report

They are excellent in taking care of my property and providing accurate Reserve Study report, Would highly recommend!

Mark A.

https://hoareserve.com/wp-content/uploads/2023/05/Sam-Shiwa-160x160.png

Excellent services

Because of their excellent service we decided to hire HOA Reserve Study to take care of Reserve Study services. Highly Recommended.

Abraham F.

https://hoareserve.com/wp-content/uploads/2023/05/Emma-160x160.png

Patient with our requests

They are very patient with our requests, anytime that I had questions or requests they provided within 24 hours. Thank you for your services!

Joanna Prestley

https://hoareserve.com/wp-content/uploads/2023/05/Peter-160x160.png

Accurate Report

They are excellent in taking care of my property and providing accurate Reserve Study report, Would highly recommend!

Mark A.

https://hoareserve.com/wp-content/uploads/2023/05/Sam-Shiwa-160x160.png

Excellent services

Because of their excellent service we decided to hire HOA Reserve Study to take care of Reserve Study services. Highly Recommended.

Abraham F.

https://hoareserve.com/wp-content/uploads/2023/05/Emma-160x160.png

Patient with our requests

They are very patient with our requests, anytime that I had questions or requests they provided within 24 hours. Thank you for your services!

Joanna Prestley

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First Class services

They provide first-class and quality Reserve Study services with a very talented and experienced team who are expert in field of reserve study.

Sara Black

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Best decision ever

It was my best decision ever that I have chosen HOA reserve Study because they have over 10 years of experience in providing Reserve Study services.

Bradley Smith

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Accurate Report

They are excellent in taking care of my property and providing accurate Reserve Study report, Would highly recommend!

Mark A.

https://hoareserve.com/wp-content/uploads/2023/05/Sam-Shiwa-160x160.png

Excellent Services

Because of their excellent service we decided to hire HOA Reserve Study to take care of Reserve Study services. Highly Recommended.

Abraham F.

https://hoareserve.com/wp-content/uploads/2023/05/Emma-160x160.png

Patient with our requests

They are very patient with our requests, anytime that I had questions or requests they provided within 24 hours. Thank you for your services!

Joanna Prestley

https://hoareserve.com/wp-content/uploads/2023/05/Sara-Black-160x160.png

First Class Services

They provide first-class and quality Reserve Study services with a very talented and experienced team who are expert in field of reserve study.

Sara Black

https://hoareserve.com/wp-content/uploads/2023/05/man-160x160.png

Best decision ever

It was my best decision ever that I have chosen HOA reserve Study because they have over 10 years of experience in providing Reserve Study services.

Bradley Smith

https://hoareserve.com/wp-content/uploads/2023/05/Peter-160x160.png

Accurate Report

They are excellent in taking care of my property and providing accurate Reserve Study report, Would highly recommend!

Mark A.

FAQs | HOA Reserve Study

Frequently Asked
Question

List of common questions and answers related to Level 1 Reserve Study Service:
What is included in the physical analysis?

The physical analysis is a detailed examination of the major common area components, which includes listing each component, estimating its current cost, useful life, and remaining life, and conducting a field report or condition assessment (if necessary for Level 1 or Level 2 Reserve Studies).

What is included in the financial analysis?

The financial analysis comprises a funding study that relies on the information obtained in the physical analysis to determine reserve allocation, percent funded, and cash flow analysis.

What tasks are involved in a level 1 reserve study?

In full or level 1 Reserve study includes the following five tasks: First Create a list for components (inventory of components), condition evaluation based on visual on site inspection, creating funding plan, making funding status, and estimation of life and valuation.

What is the frequency for conducting a reserve study?

The board should ensure statutory compliance and adjust for the unpredictable nature of reserve components by conducting a reserve study that includes an on-site inspection of accessible reserve items at least every three years, with licensed general contractors performing the inspection.

What is the frequency for updating or reviewing the Reserve Study?

The Reserve Study should not be assumed to be valid for an extended period, despite its 30-year projections. Like any significant budget item, it should be reviewed annually before establishing the budget, as assumptions made during its compilation may not materialize or unpredictable circumstances may occur.

What happens during an on-site Inspection?

During a property inspection, which occurs after reviewing documents that establish and identify common area assets, the estimated life expectancies and life cycles of common area components are determined based on readily accessible and visible conditions, without any intrusive or destructive investigation. Contacting the component’s contractor or vendor can provide additional information if required.

How much does a Reserve Study cost?

The cost of a Reserve Study can vary depending on various factors such as the size and complexity of the property, the level of detail required, and the qualifications of the professional performing the study. However, the cost of a Reserve Study is typically a small fraction of the long-term maintenance and replacement costs that it helps property owners avoid.

What are the benefits of a Reserve Study?

A Reserve Study provides several benefits to property owners and community associations, including:

– A long-term maintenance plan that helps prevent unexpected repair and replacement costs.
– A funding plan that ensures sufficient funds are available to pay for future maintenance and replacement needs.
– A clear understanding of the condition and remaining useful life of common area components.
– Improved decision-making and transparency for property owners and community associations.
– Increased property values through well-maintained common areas and components.

What are the reasons for your association to conduct a reserve study?

Conducting a reserve study is essential for protecting your property value, achieving fairness in member contributions, maintaining and improving common areas, and being financially prepared for upcoming expenses.

What are common area components?

Common area components are the physical assets that are owned and maintained by a property owner or community association and are used by all owners or tenants. Examples of common area components include roofs, building facades, parking lots, swimming pools, elevators, and landscaping.

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HOA Reserve Study have over 12 years of extensive experience in providing Reserve Study services.
Services we provide
We are committed to provide professional Reserve Study Services with affordable price all over California.
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      Copyright by HOA Reserve Study. All rights reserved.

      Copyright by HOA Reserve Study. All rights reserved.