Maryland HOA Reserve Study
Maryland condominiums, co-ops and most HOAs must update a reserve study every five years. We introduce your board to one firm serving your county.
The law in four figures
- 5 yearsThe longest a community may go between reserve studies.
- $10,000Total cost of common-area components that brings an HOA under the law.
- 5 fiscal yearsTo reach the yearly contribution a first study recommends.
- 30 studiesPrepared in the past three years: one way a preparer qualifies.
Sources: Real Property 11-109.4, 11B-112.3, 11B-112.2 and Corporations and Associations 5-6B-26.1.
When did your county have to start?
Pick your kind of community and county to light the lane that applies.
Every other county and Baltimore City: homeowners association
- First study, if there was none
- On or before October 1, 2023.
- Then
- At least every five years: by October 1, 2028 at the latest.
- Funding
- Reach the study's recommended yearly contribution within five fiscal years: about fiscal year 2029.
What a study costs
Typical ranges for a full study with a site visit. A guide, not a quote.
$2,000 to $8,000
What most communities of 50 to 150 homes pay for a first study.
| Community | Typical fee |
|---|---|
| Fewer than 50 homes | $1,500 to $5,000 |
| 50 to 150 homes | $2,000 to $8,000 |
| 150 to 300 homes | $5,000 to $20,000+ |
| High-rise condominium | $7,000 to $15,000+ |
| Five-year update, with a visit | Roughly half to four-fifths of a full study fee |
| Desk update, no visit | A quarter to half of a full study fee |
How healthy are your reserves?
Two numbers from your latest study and bank statement give your percent funded. A guide for board discussion, not financial advice.
40%
$180,000 of $450,000 recommended
Fair, with work to do
Enough for routine replacements, thin for a big one. Ask the firm for a funding plan that closes the gap over a few budgets, and expect contributions to rise.
Get a quote
Tell us where the community is and what kind it is. We find one reserve study firm that works in your county and tell you who they are before anything is passed on.
We are a matching service, not a reserve study firm. One firm, named to you first; your details go to them only after you say yes.
Received. Here is what happens next.
- Expect to hear from us inside one business day with one firm's name: a reserve study company that covers your county.
- Say the word and that firm receives your request. Say no and nobody else ever sees it.
- The firm then gets in touch to ask about the community and price the study. No newsletters from us, ever.