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When should associations get reserve studies?

| Budgets & Finance |   Condo Reserves |   Utah |  


Question:

Is it required for a Utah Condo Association or just a suggested to get a reserve study? We had a reserve study done about 7-8 years.  Since then, we have done vinyl fences, new siding, and we have about $10,000 in savings and put in $10K every year, which offsets additional costs.   Are we just fine?


Answers (3)

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