Florida’s condominium market is experiencing a crisis that’s turning once-desirable communities into high-cost burdens for owners. Exploding insurance premiums, unplanned special assessments, and depreciating property values have created a rush to sell—and a warning sign for condo owners elsewhere. In New Jersey, the same risks are quietly forming. The good news is that proactive planning….
Understanding New Jersey’s S2760 Law New Jersey’s S2760 law, originally enacted to improve building safety and financial preparedness in common-interest communities, continues to shape how HOAs and co-op boards plan for the future. The law was introduced in response to growing national attention on structural integrity after the tragic Surfside condominium collapse in Florida. In….
A Homeowners Association (HOA) Reserve Study is a critical financial planning tool that ensures the long-term sustainability of an HOA-managed community. This study helps determine how much money should be set aside in a reserve fund to cover the repair and replacement of major common area components, such as roofs, roads, pools, and other infrastructure…..
When planning for the future of your community association, HOA, or commercial property, a professional Reserve Study is essential to ensure financial stability. If you’re searching for “reserve studies near me” in Monmouth County, NJ, or Middlesex County, NJ, look no further than Criterium-Hanna Engineers. When managing a community association, HOA, or commercial property, financial….
Do you need flexible Reserve Study funding options? When planning for the future of your community or property, having a comprehensive Reserve Study is essential. But not all Reserve Studies are created equal. The ability to evaluate multiple funding strategies can make a significant difference in achieving long-term financial stability. That’s why our standard Reserve….
The advantage of hiring a New Jersey Reserve Study professional lies in the precision and expertise they bring to the process. A Reserve Study is an essential planning tool for community associations, property managers, and building owners, offering a comprehensive roadmap for managing long-term maintenance and capital improvement expenses. When performed by a professional with….
New Jersey Reserve Study: Criterium-Hanna Engineers When it comes to maintaining a property, especially in communities managed by homeowners’ associations (HOAs) or property management companies, long-term planning is essential. A New Jersey reserve study is a powerful tool assisting properties in planning for major repairs and replacements, ensuring financial stability and maintaining property values over….
For community associations such as homeowners associations (HOAs), condominiums, and cooperatives in New Jersey, timely completion of Reserve Studies is essential. A Reserve Study evaluates the condition of a community’s common areas and infrastructure to plan for future repairs and replacements. It also provides a financial roadmap for setting aside the right amount of funds….
Transitioning control of a Homeowners Association (HOA) from the developer to the residents is a crucial and complex milestone in the development of a community. This process, particularly in New Jersey, involves a multitude of legal, financial, and administrative steps designed to ensure a seamless and effective transfer, fostering the sustainable management of the community…..
A condominium reserve study, or also known as an HOA reserve study, is a comprehensive examination and evaluation of an association’s assets. Functioning as a strategic capital planning tool, it offers detailed guidance and analysis regarding the community’s assets. The primary objective of a reserve study is to assess the various components of a Homeowners….