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Showing posts from October, 2025

Why a Reserve Study is Essential for New Jersey Communities

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  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...

Why a Professional NJ Reserve Study is Essential for Community Associations

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  When it comes to managing a condominium or homeowners association in New Jersey, one of the most critical tools for long-term financial planning is a reserve study. At Lockatong, we specialize in providing comprehensive NJ reserve study services that help communities stay financially healthy and prepared for future capital expenses. A reserve study in New Jersey isn’t just a best practice—it’s often a requirement for responsible governance. It provides a detailed analysis of a property's major components (like roofs, siding, paving, HVAC systems, etc.) and projects when these elements will need repair or replacement. Along with a funding plan, the study helps ensure that enough money is set aside to cover these costs, avoiding sudden special assessments or loan needs. At Lockatong, we bring deep local knowledge and industry expertise to every reserve study in New Jersey we conduct. Whether you're a newly formed association or a long-established community, our customized stud...