Since 2001 Joel has worked with common interest communities and other organizations in matters related to reserve studies, inspections, consulting, valuations, and budgeting. He has the expertise & experience in all things related to construction trends, construction costs, life cycles and building systems.
Hawaii has very specific laws related to percent funded requirements for common interest communities so there is often a desire to "play with the numbers" so that there is a perception that compliance with these laws are met. It has been our experience that this practice simply leads to higher risk for reliance on special assessments, loans and having to defer projects, utimately hurting the market appeal in the community.
We take pride in the fact that we remain independent from other vendors and provide unbiased assessments of the reserve account.
Read More at my blog post: Reserve Studies: Made to Order or Made for Disclosure?