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apital Reserve Funding Analysis has a primary
purpose to offer recommendations for the amount
of monies an association should budget on a
yearly basis for the future replacement of commonly owned
elements of a single or multi-family community. The analysis
and recommendations provide an important guideline that
helps aid in the bypass of possible future special assess-
ments of the individual unit owners.
Building finishing systems or siding, whether EIFS (syn-
thetic stucco), stucco, wood, vinyl or even aluminum or
adhered stone veneer, have often been carelessly elimi-
nated or omitted from the capital reserve funding of many
communities. Common reasoning is that there is a pre-
sumption with regards to siding that it should “last for 40
or 50 years”, or “it should last as long as the building”.
Unfortunately, many aging communities are now being
faced with the hardship of replacing siding without the nec-
essary funds to do so. In some cases, the result has been
significant impact on the residents of the community due to
Should We Reserve
Monies for
Siding/Trim
Replacement?
By Andrew Amorosi, P.E, R.S., Principal
The Falcon Group, Engineering,
Architecture & Energy Consulting
© iStockphoto.com
the associations imposing special assessments upon resi-
dents of the community, which can be extremely costly and
a large financial burden. While premature replacement is
more common with EIFS, stucco surfaces and wood style
siding, associations with vinyl or aluminum siding are also
being affected.
Siding manufacturers have come a long way in providing
an improved product and superior warranties for the materi-
als, which affords some assurance of protection; however,
there are many factors that affect the performance and use-
ful life of a siding material or building finishing systems that
tend to be ignored and forgotten. Community associations
should be made aware and sufficiently educated of the
potential problems that could arise.
EIFS/Stucco
EIFS, stucco and adhered masonry veneer (faux stone)
systems rely heavily on the adequacy of the initial installa-
tion to function efficiently and effectively. A system that has
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