D.M. from Hartford County, Connecticut writes:
Dear Mister Condo,
Can you advise me of the names of companies in the greater Hartford area that specialize in evaluating future anticipated expenditures based on the age of the development and the capital reserve distributions required to meet those expenditures?
Mister Condo replies:
D.M., when an association is concerned with developing a strategy for funding their capital reserve projects that is music to my ears! Companies that prepare Reserve Studies for condominiums and HOAs are plentiful and there are many in your region to choose from. The Connecticut Chapter of the Community Associations Institute (https://www.caict.org) is the best place to find what you are looking for as they have members who not only specialize in this kind of work but are also locally affiliated meaning they know Connecticut. Check out this link to learn more: https://www.caict.org/page/Directory#Reserve_Studies Good luck!
1 thought on “Companies that Specialize in Condominium and HOA Future Anticipated Expenses”
I worked with Becht about 6 years ago. They were very professional and a good reserve study but it wasn’t cheap. Whatever you decide to do about reserves be prepared because these studies are very aggressive in building reserves. Depending upon your management company they should be a good resource to guide you.