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A reserve study is a budget planning tool that identified the current status of a reserve fund, a stable funding plan that is meant to offset deterioration by providing the funds for major common area expenditures.  A typical reserve study includes a physical analysis and a financial analysis. The final document or report is often prepared by the administrators of a given property or group of properties, including a homeowners' association, condominium association, and others.

Reserve studies are not limited to community properties and condominiums.  They can also be applied to resorts, apartment buildings, private schools, office parks, places of worship, golf courses, clubs, and more. A reserve study is arguably the most important measures that helps a property’s administrative body anticipate any major repair or replacement. Some of a property’s most expensive repairs include road resurfacing, roof replacement, and the retrofitting of fire alarm and safety equipment. A reserve study can inform you how to adequately prepare for a potential future expense by spelling out your current trends of deterioration and estimated times when those expenses will occur.

Facilities Advisors Inc. specializes in providing services for common interest realty association and other organizations. They provide state of the art reserve studies software and complete facilities maintenance management services. They have developed software that allows any organization to better manage their facilities. Facilities 7 software uses a multi-level database structure that allows any user to identify useful information by flowing data to summary levels where it can be easily understood. This makes the financial analytics process simple and convenient. Facilities 7 has a wide range of advanced features, including long-term capital replacement budgeting, capital improvements, operations management, asset management, insurance tracking, depreciation, and project management.

Facilities Advisors Inc. offers affordable services to property administrators who require a full-scale FHA reserve study. Their team of highly-experienced professionals has over 20 years of experience in preparing reserve studies for homeowners associations, condominium associations, timeshare associations, country clubs, and more. If you have any questions about an upcoming timeshare reserve study, then you should immediately contact Facilities Advisors Inc. today. To learn more about their wide range of professional services, visit www.reservestudyusa.com.