Recent article by Paul Huijing, P.E. published in Community Associations Institute - New England Chapter publication "Condo Media".
A reserve study is one of the most important documents assisting a stable and sustainable community association. This document is a financial roadmap for the replacement and repair of common components within an association. Overview information can be gleaned from a quick review. Important details can be obtained by a more careful reading.
For full article with more detail see here ...