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.

A reserve study for a church or worship facility is an excellent tool for long term budgeting, an area of the budget which is often overlooked until there is a scramble to raise funds for large project expenses which have come due. Long term budgeting is cheaper, less stressful and puts membership at ease in knowing where their contributions will be spent. 

Frequently people have a misunderstanding of what a reserve study is. Some clarity to this question is answered here.

Each of our reserve studies includes a Boost Your Own Budget spreadsheet so that you can run "what if" scenarios for your budgeting needs. Unlimited scenarios, when and how you want them and kept private to your own Membership/Board. 

Everything from the reserve allocation rates, interest & inflation rates, loans & special assessments, it has never been easier for you to take control of your own budget and Boost it to a level you deem appropriate. 

Washington State common interest communities are required to provide an assessment & disclosure form to the owners in the community per WA State RCW's.

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. 

Keeping your reserve study data private helps to ensure you get independent advice and overall more competitive estimates and bids.

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?