Reserve Study

An Association reserve study in Illinois is not legally required, but is an undoubtedly helpful tool to identify and develop a plan for an Association

Mortgage underwriting requirements are changing to be more stringent on approval qualifications with either an updated reserve study, or sufficient reserve funding. ILHOA assists all Associations in navigating this process to be prepared and maintain eligibility for funding.

In addition, as part of our management services we conduct a thorough documented property inspection during management onboarding, and ongoing as needed to help the Board prepare for Association maintenance recommendations.