It is of great importance for every association managed community in New Jersey to have adequate funds in reserve for handling general repairs and replacements of the common areas that are part of the community association. With the help of a New Jersey reserve study, associations can have an effective plan in place for keeping
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A New Jersey reserve study is a great tool for projecting reserve item quantity sizes as well as future costs. It contains a detailed description of a community association’s long lasting capital reserve items, such as painting, roofing, paving, recreation areas, club houses and various other items. A reserve study simply projects how long an
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