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HOA Reserve Study in Virginia

Virginia calls most HOAs property owners' associations. Under the act that governs them, the board must have a reserve study done at least every five years and look at it every year.

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What gets counted

A property owners' association reserves for its capital components: things it must maintain and decides to fund. In a typical Virginia subdivision or townhouse community that means:

  • Paving. Private streets, parking courts, trails and sidewalks.
  • Water. Stormwater ponds, outfalls, culverts and the dam if there is one.
  • Amenities. Pool shell, deck, fencing, pumps; clubhouse roof and HVAC; tennis and play areas.
  • Entrances and edges. Monuments, signage, perimeter fencing, retaining walls, lighting.
  • Townhouse items, where the declaration says so. Roofs, siding or gutters some associations maintain on owners' behalf.

Typical fees for HOAs

Typical full-study fee for Virginia HOAs and POAs
CommunityWhat drives the scopeTypical fee
Under 50 homesTownhouse rows or one small building; little to inspect$1,500 to $5,000
50 to 150 homesAmenities such as a pool or clubhouse, private streets, a garage$2,000 to $8,000
150 to 300 homesSeveral amenity sites, long road and pipe networks$5,000 to $20,000
Over 300 homesPriced by scope; no published upper figureFrom $10,000
High-rise condominiumElevators, facade, garage decks, mechanical plant$7,000 to $15,000+

Typical ranges, a guide, not a quote. No government or trade body publishes fee figures. The cost guide covers updates and what moves the price.

Board checklist

  1. Find the date of the last study. Drag the marker on the five-year ruler to see when the next is due.
  2. Pull the declaration's maintenance section so the firm knows what the association owns.
  3. Agree whether you need a full study or an update.
  4. Book it so the report lands before the board adopts its budget.
  5. Put the four budget items from 55.1-1826 C into the next budget.

Questions boards ask

Our HOA only owns a pond and an entrance sign. Do we need a study?

The duty in 55.1-1826 has no size threshold. A small inventory makes for a short, inexpensive study, and the board still needs it for the budget and the resale certificate.

We are a master association with condo sections inside. Which rule applies?

Often both. The master association follows the Property Owners’ Association Act and each condominium follows the Condominium Act, so each board needs its own study of what it maintains.

Do private roads count?

Yes, if the association maintains them. Roads are often the largest single reserve item in Virginia subdivisions, so the study should rate the paving and set a resurfacing schedule.

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Start with the ZIP code. Contact details come second, and a handful of optional taps finish it off.

We are a matching service, not a reserve study firm. We choose one firm that works in your part of Virginia, tell you who it is, and pass your request on only if you agree.

Step 1 of 3

Where is the community?
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