More Than 50,000 Reserve Studies Spread Over 3,000 Communities Nationwide
Key leaders in establishing HOA Reserve Study Standards for the Association of Professional Reserve Analysts (APRA) and Community Associations Institute (CAI).
Why the Helsing Group?
We are Recognized as Industry Leaders
Active members of Community Associations Institute (CAI) and its National Reserves Standards Committee.
Founding members of the Association of Professional Reserve Analysts (APRA) and currently serving on its Board of Directors.
Professional Reserve Analyst (PRA) & Reserve Specialist (RS) designations.
Why Consider an HOA Reserve Study?
Without an HOA Reserve Study, there is a great likelihood that the association is either overfunding or underfunding its reserves. If the association is overfunding its reserve obligations, then today’s homeowners are paying for more than their fair share of the wear out associated with the common reserve components within the community.
On the other hand, if they are collecting too little money, a shortage will eventually occur which will result in deferred maintenance and/or special assessments. This situation typically has a significant impact on property values and personal finances. Many states have passed legislation requiring Reserve Studies because of their impact on homeowners, and other states are sure to follow.
The intent of this analysis is to determine exactly what those components are (if this has not already been accomplished), and to determine the current and useful remaining life of these components, as well as the replacement cost. These results are then used to determine a funding plan which helps assure that homeowners are providing adequate money for this repair and replacement, while at the same time trying to ensure that they are not collecting excessive amounts.
Sample Reserve Study
This Sample Reserve Study, which is based upon representations made by management, the association Board of Directors, and our component inspection, will show you how we breakdown major reserve funding components.
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What's Included in Our Reserve Studies?
Physical Inventory and Funding Analyses Reports, which include:
Learn More About Reserve Studies
5 Questions To Ask When Selecting The Right Reserve Study Provider
Finding the right reserve study provider for your Association is a difficult task, especially since many companies out-source funding analyses. The Helsing Group is different, every reserve study and funding analysis is performed in-house, with efficiency and proper expertise.
Our Approach to Reserve Studies
We believe in quality over quantity, which maximizes your reserve study’s usefulness as a budgeting and planning tool.
Our reserve studies are prepared under the direct supervision of a Professional Reserve Analysts (PRA) & Reserve Specialist (RS).
Our detailed component lists are second to none. We don’t believe in lump sums or combined funds. Every component should be cataloged and tracked where it exists.
We utilize a proprietary database and reserve funding software (RAMP), which offers mathematical guarantees. You don’t have to second-guess the numbers because they are right!
We offer free funding updates during the current year of the reserve study. Our clients find this service extremely helpful, especially during budget season.
Our revolutionary Sustainment Package allows us to better track your Association’s components through time and provide periodic funding and maintenance data without wasting the process of a new reserve study every three years.