Frequently Asked

What is a reserve fund and why does it matter?

Buyer GuideBy Laurel Seymour

Quick Answer

A reserve fund is money an association sets aside for future major repairs like roofs and elevators. Healthy reserves help avoid surprise special assessments, while thin reserves often lead to sharp fee increases. Ask for the latest reserve study and compare it to the actual reserve balance.

Portrait of Laurel Seymour, founder of Seymour Realty Group

Laurel Seymour

Austin Realtor · TX License #617201 · About Laurel

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