RESERVE STUDIES
Reserve studies are long range (20 to 30 year) budgets that estimate the needed funds for the repair and replacement of capital components for buildings and facilities. Each major component of the building is assessed for its current replacement cost, total effective life, and remaining life. This information, along with the balance in the reserve fund, can be used to calculate the amounts needed on an annual or monthly basis to provide (or reserve) enough money to pay for the needed repairs and replacement of the components when they come due. We have been performing these studies in Hawaii for the last 12 years and have performed over 600 Reserve Studies.
RESIDENTIAL RESERVE STUDIES
Hawaii Inspection Group provides Reserve Studies for residential properties (AOAO’s) that meet or exceed the reserve standards set by both CAI (community associations institute) and APRA (Association of Professional Reserve Analysts) national organizations.
Find out more about residential reserve studies.
COMMERCIAL RESERVE STUDIES
Hawaii Inspection Group also prepares Reserve studies for residential lot or home owner associations (HOA’s), commercial and office condominiums projects, and non-profit organizations throughout the State of Hawaii.
Find out more about commercial reserve studies.
Bill Brown
AOAO Treasurer