How much does a reserve study cost for a HOA?

A reserve study is one of the most valuable tools an HOA can invest in, helping ensure long-term financial health and preventing surprise special assessments. One of the first questions we are often asked is: How much does it cost? The answer however depends on a few key factors, including the size of your association, the complexity of your common areas, the type of reserve study you need, and your location.

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For most HOAs, a professional reserve study will cost anywhere from $1,200 to $6,000. Smaller associations with fewer common elements (like just a private road or shared landscaping) may be on the lower end of that range. Large communities with multiple buildings, pools, clubhouses, or private infrastructure can expect higher costs—sometimes $10,000 or more for very complex properties.

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Several factors influence the cost of a reserve study, starting with the size and complexity of the community. HOAs with more common elements—like roofs, roads, pools, elevators, or mechanical systems—will naturally require more detailed analysis, which increases the price. Older properties may also take more time to assess, especially if there's limited documentation available. The type of study you need (a full site visit versus a simple financial update) also plays a big role in the final cost.

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Location matters, too. In high-cost or remote areas, travel and labor can increase prices. Additionally, if your HOA is in a state with specific legal requirements—like Washington or Florida—you’ll want to work with a provider familiar with local statutes. These studies may need to meet extra standards, which can also affect pricing. Having clear records, building plans, and maintenance history ready for your consultant can help keep costs down and streamline the process.

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