As New Jersey community association boards begin a new year, many focus on annual budgets, vendor agreements, and near-term priorities. An important consideration during this planning process is whether the association has a current, well-documented understanding of anticipated capital repairs and replacements specific to its property and location. A Reserve Study is commonly used by….
Condo Reserve Studies
How New Jersey Condominium Reserve Studies Can Prevent a Florida-Style Crisis
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….
S2760 Law Update for 2025: What New Jersey Property Owners Need to Know
Understanding New Jersey’s S2760 Law New Jersey’s S2760 law aims to improve building safety and financial preparedness in common-interest communities. Today, it continues to shape how HOAs and co-op boards plan for the future. Lawmakers introduced it after the tragic Surfside condominium collapse in Florida drew national attention to structural integrity. In 2025, S2760 remains….
Homeowners Association Reserve Study: Why It’s Essential for Your NJ Community
A Homeowners Association (HOA) Reserve Study is a critical financial planning tool. It supports the long-term sustainability of an HOA-managed community. In particular, it shows how much money to set aside in a reserve fund. This fund covers repair and replacement of major common area components, such as roofs, roads, pools, and other infrastructure. What….
Reserve Studies Near Me | Expert Reserve Studies in Monmouth & Middlesex County, NJ
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….
The Advantage of Having an Engineer Perform Your Reserve Study
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….
7 Ways a Reserve Study Secures The Future of Your New Jersey Property
New Jersey Reserve Study: Criterium-Hanna Engineers Long-term planning is essential for any property. This is especially true for communities run by homeowners’ associations (HOAs) or property management companies. A New Jersey reserve study is a powerful planning tool. It helps properties prepare for major repairs and replacements. As a result, it supports financial stability and….
What is a Condo Reserve Study and Who Needs One?
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….