How often do we update or review the Reserve Study?
While your report has projections for the next 30 years, just like any major line item in the budget, your Reserve Study should be reviewed and updated each year before the budget is established.
You can do this yourself by using our online do-it-yourself update service available on our website member's page.
We also recommend that you arrange an on site inspection of your property assets at least every three years - to check that deterioration is not occurring faster than expected, and to add any new assets to the inventory.
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