Understanding Reserve Studies

    During the home buying process a general inspection is almost always involved, a reserve study though is much less common. Oftentimes though some specifics in the home are best explained in terms of life expectancy by an inspector. If an inspector fails to explain everything in full, the internet is an excellent source to educate yourself about the longevity of certain items. However, if you want to be very thorough, an engineer can complete a reserve study. This type of study involves an engineer inspecting the property and creating a report including the life expectancy of certain items in the home along with saving suggestions in order to prepare for eventual replacement or repairs. Due to the nature of condo communities and the homeowners association paying for repairs and maintenance in these situations, reserve studies are used most frequently in condominiums.

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