-- Reserve Study Requirements
Who needs a Reserve Study.
While not legally required, conducting a reserve study is widely recognized as a best practice.
How often do you need to update a Reserve Study.
No set frequency is mandated, but industry standards recommend conducting one every 3–5 years.
Additional Information
There are no specific reserve funding mandates, but making reserve study-guided contributions—typically between 15–25%—is considered a best practice.
Serving the Northeast
Serving the Great Lakes
Serving the Mountain
Serving the Southeast
Serving the Pacific West
Concord
- 20 Foundry St
2nd Floor
Concord NH 03301 - Phone: 888.315.2843
Fax: 888.316.4587
Email: mail@reservestudygroup.com
We focus on the detail and the big picture.
Our reserve study approach is simple. We provide you with the insight needed to make fast, accurate and informed decisions. We focus on understanding your situation and providing funding solutions that are designed with your goals in mind.
-- Reserve Study Requirements
Legislation
New Hampshire does not require homeowners or condominium associations to conduct reserve studies. However, the New Hampshire Condominium Act does impose financial disclosure requirements that promote transparency around reserve funding. Specifically, Section 356-B:40-c requires boards to annually adopt a proposed budget that includes reserve allocations and disclose how those figures were determined. Additionally, Section 356-B:58 mandates that public offering statements disclose whether a reserve fund exists and its current status. While there is no mandate for conducting reserve studies, these statutes emphasize the importance of financial planning for future repairs and replacements.
Sample Reserve Study Report
Our reports are designed to create an accurate and clear illustration of the Association’s financial and physical standing. We simplify the complex issue of reserve planning by giving you the entire picture in one easy to understand report.
-- Reserve Study
Our team of reserve study professionals work with associations throughout New England.
- Baltimore
- Baltimore
- Baltimore
- Baltimore
- Baltimore
- Baltimore
- Baltimore
- Baltimore
- Baltimore
- Baltimore
Frequently asked questions
Is a reserve study required in New Hampshire?
No, New Hampshire does not require reserve studies by law, but associations must disclose reserve funding details in budgets and public offering statements.
How much do reserve studies cost?
Reserve studies in New Hampshire typically cost between $2,000 and $8,000, depending on property size and complexity.
How long does it take to do a reserve study?
Most reserve studies take about 2 to 6 weeks from the site inspection to the final report.
How often should a condo association do a reserve study?
While not required, it’s recommended to conduct a reserve study every 3 to 5 years for proper long-term planning.
Are HOA Reserve Funds taxable?
Generally, HOA reserve funds are not taxable if used for capital expenditures and the association files under IRS Section 528, but tax status depends on proper classification and use.
If you have any questions, our team of reserve study professionals will contact you immediately.
