Does the Reserve Study set HOA Dues?
The Reserve Study covers the Reserve recommendation portion of the dues, not what the entire HOA fee should be. HOA membership dues encompasses two “separate” budgets, one for your day to day operations, such as maintenance, management fees, insurance, utilities, etc., and the other for long term capital replacement projections. We do not provide a recommendation for the Operating side of the budget as that is not our area of expertise. The Reserve analysis will provide an educated estimate based on our experience as to what your monthly Reserve allocation should be to prepare for long term capital replacement items.