Whayland Consulting Group
Our reserve studies give our clients the assurance that the major property expenses they’ll incur in the future are anticipated and planned for early on.
Why a Reserve Study?
The purpose of a reserve analysis is to inform the executive board and the association of a condominium, cooperative, subdivision, or commercial building complex of the dollar amount that should be maintained each year in an adequately funded ‘repair and replacement reserve’ to eliminate special assessments due to normal wear and tear.
Aside from being the smart thing to do, it’s also the law in many states. The Delaware Uniform Common Interest Ownership Act (DUCIOA) requires Community Associations, Condominium Associations, and Homeowners’ Associations to create and maintain ‘repair and replacement reserves’ in amounts based on a reserve study conducted by a competent professional. In addition to Delaware, Whayland serves Maryland, Virginia, Pensylvania, and New Jersey.
Whayland Consulting Group has earned acceptance into the Association of Professional Reserve Analysis and uses state-of-the-art statistical analysis software developed specifically for reserve study use. Bob Wheatley has been awarded the CAI (Community Association Institute) national designation of Reserve Specialist #309, Delaware’s only CAI designated reserve analyst.
We provide useful, actionable information for management companies, homeowners, and HOAs to manage their common assets so as to maximize the value of their property.