The Importance of a New Jersey Reserve Study
                     The Importance of a New 
Jersey Reserve Study
The Importance of a New Jersey 
Reserve Study
 A New Jersey reserve study for homeowners is a very important step to undertake as it helps 
in regulating the finances of the projects under the supervision of the community associations. 
Back in the day, these were not done since people feared the unknown, and some stepped back 
due to the high cost and time involved. The reserve study should not be confused with a 
transition study New Jersey, which is equally important but plays the role of identifying and 
documenting potential construction or design deficiencies.  
 The main reason behind a reserve study NJ is to help ascertain the period by when the assets 
of a building will have to be repaired. During the study, the estimated cost incurred to 
undertake the repair and replacement is also studied. This study is important because it 
impacts the funding for repairs or any replacement that are likely to happen in the property in 
future. If the study is not conducted in time and updated, it can lead to low funds with 
homeowners associations, impacting the property directly.
The Importance of a New Jersey 
Reserve Study
 The problem with lower reserved funds is that they can refrain the members from getting 
the repairs done in a timely manner, something that lowers the property value and leads to 
increased asset depreciation. Delays in getting the problems sorted can increase them 
manifold, something which can damage the property and have a wide risk for people living 
there.
 Without a New Jersey reserve study, it also means that the budget has to be maintained 
beforehand. When the members are told to add money on the spot, it defers their trust in the 
homeowners association and might even feel heavy for their pocket. The finances are 
managed in every household, so it is not easy for everyone to pay just at the call.
 For more information on the importance of a New Jersey reserve study, visit our website at 
http://www.lockatong.com
The Importance of a New 
Jersey Reserve Study