This is true at best since real estate is the only property that appreciates in value over the years, a piece of land may double or triple in property value in a couple of years.
Thus, it is a wise choice to have a full reserve study done on your property.
A reserve study, also known as a property appraisal, is composed of three parts, the component list, the reserve fund strength and the funding plan for any of your properties.
On the other hand, if the reserve fund can cover seventy to one hundred thirty percent of the maintenance costs, then it is considered good reserve fund strength.
You can also check which property value reserve study you would want, generally a reserve study can be done in one year and can be updated every year or a two after. | To read full story, visit https://startuparound.com/read/1580479207.1698139/The-Startup-Magazine-Increase-Property-Value-With-A-Reserve-Study?ref=audio_experience