How to read a condo reserve study in 10 minutes
By Celeste Varga (fictional) ·
Short answer: a reserve study shows whether a condo building is saving enough for big repairs. Look at three numbers: the percent funded, the next major project and its cost, and how HOA fees have changed over time.
Percent funded
This compares what the building has saved with what it should have saved by now. A low number means owners may face a special assessment later.
The next big project
Roofs, elevators, and facades are expensive. Find out what is coming in the next five years and whether the money is already set aside.
Fee history
Fees that never go up can be a warning sign, not a bargain. Steady, modest increases usually mean the board is planning ahead.
Celeste includes a one-page building report with every unit she shows in this demo. Request one on the contact page.
Content note: Articles on this site may be drafted or assisted by AI and reviewed before publication. AI tools can make mistakes or miss context. This content is for general information only and is not legal, tax, lending, or financial advice. For guidance about your specific property, contract, financing, or move, contact Celeste Varga directly or speak with the appropriate licensed professional.
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