Douglas D. Taylor, RS, PRA
NRED Permit Number RSS.0000017

What is a Reserve Study? Reserve Study n. a budget planning tool that identifies the current status of the reserve fund and a stable and equitable funding plan to offset the anticipated future major common-area expenditures.
(Source: Community Association Institute)

What is a Major Reserve Component? NRS 116.0605 “Major component of the common elements” defined. “Major component of the common elements” means any component of the common elements, including, without limitation, any amenity, improvement, furnishing, fixture, finish, system or equipment, that may, within 30 years after its original installation, require repair, replacement or restoration in excess of routine annual maintenance which is included in the annual operating budget of an association.

Nevada Reserve Studies, Inc. specializes in Reserve Studies for: Single Family Homes Town Homes Planned Unit Developments (PUD's) Low Rise Residential Communities Commercial Complexes.

We Serve All of Southern and Northern Nevada.

The reserve study consists of two parts:

1. The Physical Analysis
2. The Financial Analysis

There are two Funding Methods:

1. Component Method
2. Cashflow Method

There are four Funding Plans:

1. Full Funding
2. Threshold Funding
3. Baseline Funding
4. Statutory Funding

Reserve Study Formats:

1. Full Reserve Study
2. On Site Update and Review Study
3. Off Site Update and Review Study
4. Preliminary Reserve Study