Washington State Reserve Study
Washington law wants the reserve study updated every year and a professional site visit every third year. We find one firm to quote yours.
The rule in four numbers
1year
between updates. The study is refreshed for every budget.
RCW 64.90.545(1)3years
at most between site visits by a reserve study professional.
RCW 64.90.545(1)10%
of the annual budget: above that cost, the duty lifts for the year.
RCW 64.90.545(2)2028
when the older condominium and HOA acts are repealed.
Older communities
Where your community sits in the cycle
Set the year of the last site visit and pick a budget year.
Budget year to check
An annual update is due
A desk review of balances, costs and contributions meets the law this year. The next professional site visit is due no later than 2027.
From RCW 64.90.545(1) and RCW 64.90.555.
Who walks the site
“An updated reserve study must be prepared annually. An updated reserve study must be prepared at least every third year by a reserve study professional and based upon a visual site inspection conducted by the reserve study professional.”
Washington licenses no one for the work, so boards look for a CAI or APRA credential, or an engineer for complex buildings. Choosing a preparer
What a study costs
$2,000 to $8,000
A full study with a site visit, for 50 to 150 units. Typical ranges, a guide, not a quote.
Components drive the fee more than unit count. The two desk updates between visits cost a fraction of a full study.
Get a quote for your Washington reserve study
Three short steps. We pick one firm that works where your community is, tell you who it is, and only pass your details on once you say yes.
We are an introduction service, not a reserve study firm. The firm we suggest pays us if you go ahead with the introduction; you pay us nothing.
Received. Here is what happens next.
- Within one working day you hear from us with the name of a single reserve study firm that covers your community’s area.
- Reply yes and that firm gets your request. Reply no, or not at all, and nobody else sees it.
- The firm then checks the scope with you and prices the study. Your email address is used for this request and nothing more.