Reserve study software functions are helpful in creating a comprehensive and reliable reserve study that we can adapt to a large variety of scenarios we encounter.

The questions of why most common interest communities have underfunded reserve accounts often due to several key factors; we'll touch on these here. 

Software functions help to create, reliable, accurate and adaptable reserve studies for reserve study professionals completing studies for common interest communities, HOA's, condominiums, cooperatives, non-profits, churches, etc.

Recommendations for funding models are based on current known economic, component and financials variables. Projections in the reserve study are educated guesses and are based on many assumptions. Predicting the future is not easy or necessarily accurate so we  give little consideration/weight to projections in our reserve studies. 

Estimating project costs in the reserve study is an important step to developing funding models in the reserve study. How do we determine costs and what sources are utilized? 

A community can underfund a reserve account for years or decades before the true financial situation arises and often with little in the way of negative consequences.  

The estimated useful lives of components in the reserve study are based on our experiences working with many communities in the past and backed up by many useful life manuals published by very credible sources. 

Siding is unsurprisingly one of the most important components a building possesses as it provides protection from the elements. Unfortunately, it is also one of the components that is most often not adequately budgeted for or maintained. 

The funding models in a reserve study should take into account fairness to the community members over the life of the community. By Fairness we mean to distribute the costs as evenly as possible so everyone pays their fair share for the use of the common area components.