08/24/2026
Underfunded reserves are one of the biggest risks to an HOA's financial stability. 💰 Virginia law has specific requirements to help associations stay ahead.
In our latest article, we break it down:
🔹 What Reserves Are For: Major repairs and replacements, not day-to-day expenses.
🔹 State Requirements: Reserve studies at least every 5 years.
🔹 The Rule of Thumb: Experts recommend 70-100% funding levels.
🔹 What Happens If Underfunded: Special assessments and deferred maintenance.
Keep your community financially prepared. Read the full guide here! 👇
What are reserve funds? Are homeowners associations obligated to maintain reserve funds in Virginia? Click here to find out!