A Cost-Effective Way to Stay on Track Annually

In the years between comprehensive on-site inspections, your community's financial health doesn't stand still. Small but significant changes accumulate: actual utility costs differ from the budget, unexpected repairs are made, and market inflation affects future replacement costs. Left unchecked, these minor variances create "financial drift," slowly pushing your reserve plan out of alignment with reality and potentially leading to funding gaps down the road.

Our Off-Site Reserve Study Update is a streamlined and affordable annual service designed to counteract this drift. We have perfected a remote, collaborative process that requires minimal time from your team. We simply work with your designated representative to review the past year's financial data—including income, expenditures, and any capital projects completed. This allows us to make necessary course corrections and update cost projections based on the latest inflation and market data.

The result is an updated report that provides your board with consistent, year-over-year confidence. This annual check-in ensures your budget aligns with reality, provides transparency to homeowners, and demonstrates proactive financial oversight. It’s the smartest, most cost-effective way to ensure your long-term capital plan remains a reliable tool, keeping your community prepared and financially secure without the expense of an annual site visit.