Thursday, June 2, 2016

Reserve Study

Virginia requires homeowners association (HOAs) to conduct a "reserve study" every five years to ensure that the HOA has identified over a 20-year period all the repairs and replacements for its capital assets (roads, sidewalks, docks, walls, etc.) and has a financial plan to do the work.  This was our year to conduct a study and our contractor, Mason & Mason has delivered the report.  The report is available here or in the Documents page of this website.

The study concludes that our current dues level is sufficient for the work they project.