We help a wide range of clients with long-range planning solutions. Our team of experts has the experience to create custom reports tailor made for your unique situation. Wether you are a high-rise condominium, educational facility, private club, or single-family homeowners association; we have the expertise to assist you with your reserve planning needs.
Independent. Local. Experienced. These values set us apart as an Arizona Reserve Study Company. We partner with common interest organizations to identify, forecast, and plan for future capital requirements. Our firm specializes in engineering comprehensive, easy-to-read Reserve Studies for our clients. We tailor each of our reports to meet your specific needs.
Capital Reserve Analysts is the leading reserve data analysis company in Arizona, providing detailed, comprehensive, user-friendly reserve studies for HOAs and condominiums. We have prepared reserve studies for a range of clients across Arizona. Our reserve analysis software allows us to generate accurate reserve studies and forecasts to our clients.
A reserve study is a budget planning tool that provides a detailed evaluation of a homeowners association’s common area assets and an analysis of its reserve funds. Physical AnalysisA reserve study provider performs an on-site inspection to evaluate the physical condition and repair/replacement cost of the association’s major common area assets. Financial AnalysisA reserve study…
1. Laws regarding Reserve Funding Levels, Reserve Studies, and Reserve Contributions differ by state. Reserve Study Laws and Reserve Funding Legislation vary by state. In the absence of specific legislation regarding Reserve Funding, associations should refer to their governing documents (Covenants Conditions, and Restrictions) with the help of a qualified attorney specializing in HOAs. The following…
Introduction Homeowners Associations (HOAs) play a crucial role in maintaining property values, enhancing community amenities, and ensuring a high quality of life for residents. A well-executed HOA reserve study is an indispensable tool for achieving financial stability and long-term planning. In this comprehensive guide, we will delve into the intricacies of HOA reserve studies, shedding…
Introduction For condominium associations, having a well-managed reserve fund is crucial for maintaining the community’s infrastructure, addressing unexpected repairs, and ensuring long-term financial stability. Establishing clear guidelines for managing the condo association reserve fund is essential to avoid financial strain and adequately meet the needs of the community. In this blog post, we’ll delve into…
Introduction As a critical aspect of Homeowners Associations (HOAs) and Community Associations, reserve funds are essential for covering future expenses and unforeseen repairs. However, it’s crucial to comprehend the impact of IRS rules on HOA reserves to ensure compliance and financial stability. In this blog post, we’ll explore the key IRS requirements related to HOA…
Capital Improvements: Capital improvements are projects where a new asset is added to the community. It is a project that, once installed, will then create operating expenses and future reserve expenses. A good example of a capital improvement type expense would be the installation of tennis courts when they do not already exist. Capital improvement…
Should your HOA borrow from the Reserve fund? The short answer to this question is, “It depends.” In this article, we discuss the advantages (if any) and disadvantages of borrowing from the reserve account.Every state has different rules regarding borrowing from the reserve account. For example, in California it is possible to borrow from your…
Over the years we’ve helped hundreds of clients prepare and plan for future expenditures with Reserve Studies. Reserve Studies serve as a “Road Map” to guide an association through the ups and downs of the uncertain future. However, understanding a Reserve Study is not always the easiest thing to do. Most Reserve Studies are approximately…
When deciding whether a common area item belongs in a reserve study, refer to The National Reserve Study Standard four-part test: Part 1: See your association’s CC&Rs; to determine if the association is responsible to maintain or repair domestic water lines. Part 2: Typically water lines are considered “Lifetime” components and therefore would not pass…
When it comes to adopting an operating budget, reserve contributions are far down on the list of items to include. A typical operating budget will include things like; utility bills, insurance premiums, landscaping maintenance, and management fees. Unfortunately, reserve contributions are viewed as something that can only be done if the association generates an end-of-year…