Re: Reserve funding levels | <– Date –> <– Thread –> |
From: Sharon Villines (sharonsharonvillines.com) | |
Date: Sun, 21 May 2017 10:05:40 -0700 (PDT) |
> On May 19, 2017, at 7:48 PM, Terri Hupfer <terri [at] phch.org> wrote: > > Cohousing, is located in the Bay Area of California. Ev n though state > regulations in CA require a minimum of 10% fully funded for a reserve account > we have always kept ours significantly higher. I would love to hear from > other communities what their minimum reserve percentages are, particularly > those located in CA or in urban areas such as D.C. Or Boston that might have > similar costs for replacement. Association Reserves is a big company that produces reserve studies across the nation. This gives them the ability to collect data and observe the effects of community practices. They have found that a community that is at 40% funded will be deferring replacements and major repairs that in the end will cost them even more. The typical levels in well managed communities is in the 70-80% range. One problem with this is that it assumes everything is in the study so you have a real number to start with. If you exclude too many items, underestimate costs, or overestimate useful life, you may think you are 80% funded, Excluding the complete roof replacement because it is is more than 30 years off, or deciding all your HVACs will last 50-60 years, won't be helpful when the bills come in. Association Reserves has lots of resources on their website: reservestudy.com Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
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Reserve funding levels Terri Hupfer, May 19 2017
- Re: Reserve funding levels R Philip Dowds, May 21 2017
- Re: Reserve funding levels Sharon Villines, May 21 2017
- Re: Reserve funding levels David Heimann, May 22 2017
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