Is Your Association Headed for a Six-Figure Assessment?
Is Your Association Headed for a Six-Figure Assessment?
If you’re on a condo or HOA board, this question should stop you in your tracks.
Every year, roofs age, siding fades, pavement cracks, and mechanical systems wear out. The deterioration is predictable — yet too many associations treat it as a surprise. When reserves fall short, the only way to pay for these projects is with a special assessment — often running into the six figures.
How Associations End Up in Trouble
Most small to mid-sized associations take the same shortcut: they “set aside about 10 or 15% of the annual budget” for reserves and hope it’s enough. But unless that percentage is based on a data-driven analysis of your property’s actual components and replacement timelines, it’s just a guess.
And guessing can be expensive.
When a roof replacement or siding project suddenly comes due, owners find themselves facing $20,000–$50,000 bills — or worse. Deferred maintenance lowers property values, increases insurance risks, and can even make units harder to sell or refinance.
The Hidden Risk in ‘Fair’ Funding
Even associations that think they’re doing “okay” may not be. Industry studies show that properties below 70% funded are at medium to high risk of special assessments. About 30% of all associations nationwide fall into this danger zone.
That’s why a quick reserve health check can be one of the smartest things your board ever does.
How ReserveScan™ Can Help
ReserveScan™ offers an affordable, fast way to estimate where your reserve fund really stands — without the cost or delay of a full engineering study.
In just a few days, you’ll receive:
An estimated reserve funding level (percentage funded)
An analysis of your property’s key components and useful lives
An early warning of upcoming major expenses
Guidance on how to adjust your reserve contributions responsibly
No guesswork. No hidden surprises. Just clear numbers to help your board make informed decisions — before you’re forced into a six-figure assessment.
Get Ahead of the Problem
Find out if your association is on track or falling behind.
Order your ReserveScan™ Estimated Reserve Study today — and see where your reserve fund stands.
👉 Get Your Reserve Estimate Now
