Why a Reserve Study is Essential for New Jersey Communities
At Lockatong, we specialize in providing accurate, reliable, and detailed reserve studies in NJ. Whether you're managing a condominium association, HOA, or cooperative community, planning for long-term capital repairs and replacements is crucial — and that 's where a reserve study comes in. A New Jersey reserve study helps communities understand the expected timeline and cost of major repairs, from roofing and paving to mechanical systems and amenities. More importantly, it ensures that sufficient funds are set aside over time, preventing lar ge, unexpected special assessments that can place a burden on homeowners. Many associations throughout New Jersey face the challenge of aging infrastructure paired with underfunded reserves. At Lockatong, we use industry-standard software, experienced engineers, and a tailored approach to evaluate your property’s specific needs. Our reserve studies meet all national standards, including those set by CAI (Community Associations Institut...