What is a reserve study?
Florida communities rely on reserve studies to plan, budget, and protect their property’s future — discover how it works and why every HOA or condo needs one.
Florida’s Guide to Understanding Reserve Studies
A reserve study is a comprehensive financial and physical assessment that helps condominium and homeowners’ associations (HOAs) ensure they have sufficient funds for the future repair and replacement of common area components.
Reserve studies are made up of two parts:
Without a reserve study, associations may find themselves underfunded, relying on emergency special assessments or deferred maintenance. These reactive strategies can erode property values and frustrate owners. A well-executed reserve study supports stable dues, fair owner contributions, and clear communication.
In Florida, reserve studies have taken on even greater importance with the introduction of new legislation aimed at ensuring the structural safety of aging buildings. Statutes like SB 4-D and HB 913 now mandate regular evaluations and reserve funding for structural components, formalizing the role of reserve studies in association governance. As a result, these studies are no longer optional for most three-plus story condominiums and cooperatives—they are essential tools for both compliance and financial health.
Edge Realty Advisors prepare fully compliant reserve studies and Structural Integrity Reserve Studies (SIRS) that meet all Florida statutory requirements and align with best practices for long-term property planning. Our reports are not just technical—they’re accessible, easy to use, and ready for board and owner review.
Florida Requirements for a Reserve Study
In Florida, condominium and homeowners’ associations (HOAs) should conduct reserve studies to ensure proper financial planning for the repair and replacement of common area components. These studies provide a detailed analysis of the association’s assets, their expected lifespans, and the funds needed to maintain them. By following Florida statutes, associations can stay compliant, avoid special assessments, and protect the long-term value of the community.
Request a Reserve Study Proposal Today
Managers and board members rely on us to deliver not just compliance—but clarity. From technical accuracy to presentation readiness, we help you prepare with confidence.