Balancing the financial well-being of a community association, while enhancing the living experience for owners through necessary capital projects can be a challenging task. The association must maintain a strong financial position to ensure long-term stability and protect property values, while investing in capital improvements to keep the community attractive and functional. Having adequately funded reserves allows associations to take on major repairs and replacements without resorting to special assessments or loans that burden owners.

However, many associations struggle with accurately forecasting their reserve needs and implementing a strategic funding plan. This class will equip you with the knowledge, tools, and best practices to conduct a comprehensive reserve study; ways to rebuild reserves; and successfully execute capital projects on time, and on budget. By the end, you'll have a roadmap for rebuilding your reserves, planning for capital expenses, and protecting your community's property values.