SmartProperty® helps Idaho HOAs and condominiums plan and fund their reserves. Idaho Code doesn’t require a study, but freeze-thaw cycles and heavy snow load wear assets faster than a generic plan assumes.
Idaho’s condo and HOA acts are silent on reserve studies, so the corporate standard of care is what applies to directors.
From the Treasure Valley to the Panhandle, roofs face heavy snow, ice dams and high-altitude UV. Our guide says a 15-year-old Idaho roof can show the wear of a 25-year-old roof in a milder climate.
Water in asphalt and concrete expands as it freezes. Our guide suggests an Idaho asphalt life of 18 to 22 years rather than 25, with crack sealing every 1 to 2 years and seal coating every 3 to 5.
Mineral-rich groundwater builds up in pumps, valves and sprinkler heads, and annual winterization stresses the system. Controllers, backflow preventers and pump stations belong in the plan as reserve components.
A site-inspected study to start, then updates as costs and conditions change, so the board always has a current plan.
The Living Reserve Study® updates as projects are completed and costs change, so your plan is ready for the next update or budget.
Model higher contributions, special assessments, loans or lines of credit side by side before you take a recommendation to owners.
Atlas shows the cost data and useful-life assumptions behind every figure, so boards can answer owner questions with confidence.
See how the Living Reserve Study® works for your community, or tell us about your association and we’ll put together a proposal.
Photo via Wikimedia Commons: Boise aerial view: Tedder, CC BY 4.0. Idaho law summary is not legal advice. Confirm your association’s obligations with Idaho counsel.