Proper planning for future capital expenses is essential for maintaining the structural and financial integrity of any property. Maven combines engineering expertise with financial analysis to deliver data-driven funding plans that keep associations prepared for major repairs and replacements.
A reserve study is a comprehensive engineering and financial analysis designed to project capital expenditure requirements over a 30-year horizon. Maven evaluates common-area components, remaining useful life, and replacement costs so boards can fund repairs without relying on special assessments.
Property managers and board members use this data to evaluate current reserve adequacy, project future expenditure requirements, optimize monthly contribution rates, and minimize special-assessment risk.
Each analysis incorporates current construction cost data from industry-standard databases including RS Means and Marshall & Swift, with regional cost factors and multiple engineering reviews so projections stay accurate and defensible.
In our Green Hill Condominiums analysis, reserves were funded at just 2.89% of the fully funded balance - a $14,104.79 per-unit deficit that required a structured funding plan.
Our engineers evaluate every major building system and site component, documenting current condition, remaining useful life, and estimated replacement cost.
Shingles, flat roofs, flashing, gutters, downspouts
Parking lots, sidewalks, curbing, speed bumps
Elevators, HVAC, pumps, generators
Main lines, irrigation, water heaters, fixtures
Lighting, panels, transformers, emergency systems
Siding, stucco, windows, doors, balconies
Exterior paint, sealants, waterproofing
Trees, irrigation, fencing, retaining walls
Pool equipment, fitness, clubhouse, playgrounds
Pricing is scaled to property complexity and component scope. Every study includes detailed component evaluation, 30-year financial modeling, multiple engineering reviews, and an implementation strategy.
Small Property
Complete component evaluation, 30-year financial modeling, and implementation strategy.
Mid-Size Property
Investment scales with component complexity and system interaction.
Large Property
Expanded analysis for higher component counts and more complex systems.
Pricing varies based on property complexity, component count, and specific analysis requirements.
This 96-unit property presented complex technical challenges requiring precise component evaluation and financial modeling. Current reserves of $40,320 represented just 2.89% of the fully funded balance of $1,394,380.24.
2.89%
Current Funded Status
$14,104.79
Per-Unit Deficit
63
Components Evaluated
Building Exterior Systems
A three-phase replacement strategy with calculated expenditures:
Roofing System Analysis
Technical evaluation established replacement requirements:
Beginning with monthly requirements of $10,298.71, the model incorporates 3.00% annual inflation, 1.50% interest earnings, and a 3.00% contingency allocation, with a path to 94% funded status by 2054.
State law in many jurisdictions requires condominiums to maintain a current reserve study. Even where not required, it's essential for fiscal responsibility.
HOAs with common area amenities - pools, clubhouses, roads, landscaping - need reserve studies to plan for major repairs and replacements.
Co-ops face unique reserve challenges with shared building systems. Our studies help boards plan for major capital improvements.
Demonstrate fiduciary responsibility and provide your boards with the engineering-backed data they need to make informed decisions.
Get an engineering-based reserve study that gives your board the data they need to make confident funding decisions.
Insights
Fresh cost segregation and tax-strategy reading from our engineers and CPAs.