New Hampshire HOA Reserve Fund Requirements (2025 Guide)

New Hampshire HOA and Condo Reserve Study Requirements: Overview

In New Hampshire, reserve studies are not legally required but are strongly recommended for effective financial planning and community asset management. Here’s why reserve studies matter:

• Best Practices: Reserve studies help New Hampshire associations plan for future maintenance and establish sound financial strategies.
• Financial Stability: A clear funding strategy minimizes the risk of unexpected fee increases or special assessments.
• Transparency: Sharing reserve study findings fosters trust and accountability among homeowners.
• Property Value Protection: Maintaining community assets helps preserve and enhance property values.

Benefits of Conducting Reserve Studies

Although not mandated by law, reserve studies offer significant benefits for New Hampshire communities:

1. Proactive Maintenance: Identify and plan for major repairs and replacements, reducing unexpected costs and ensuring timely upkeep.
2. Increased Community Trust: Transparent financial planning reassures homeowners about the association’s responsibilities.
3. Preserved Property Values: Maintaining community assets ensures neighborhoods remain attractive to potential buyers and retain property values.

Step-by-Step Guide to Conducting a Reserve Study

Reserve studies can be simplified into actionable steps to ensure accuracy and effectiveness. Here’s how:

Hire a Certified Reserve Study Professional

Use PropFusion’s Network to connect with experienced reserve study specialists who understand New Hampshire’s unique community needs.

Compile an Asset Inventory

List all shared assets, such as roofing, HVAC systems, and recreational facilities, that require maintenance or replacement.

Assess Asset Conditions and Lifespans

Evaluate the current condition and projected lifespan of each asset to plan effectively for future repair and replacement costs.

Develop a Funding Plan

Create a financial strategy to maintain reserve fund levels covering 70-100% of anticipated costs, reducing reliance on special assessments.

Communicate Findings to Homeowners

Share the reserve study results with homeowners to explain the financial outlook and future plans, fostering transparency and trust.

Update Regularly

While New Hampshire has no legal requirement, it’s recommended to revisit reserve studies every 3–5 years to adjust to changing financial and maintenance needs.