In South Florida, environmental factors like hurricanes and humidity can accelerate building wear and tear. A SIRS helps condo associations plan and budget for necessary repairs, enhancing building safety and value. Furthermore, SIRS are now required in Florida for all condominium and cooperative association buildings three stories or more in height. If your association existed before July 1, 2022, your first reserve study must be completed by December 31, 2024. Read more in our recent dedicated SIRS article.