Reserve Study Experts in Hawaii
PropFusion partners with Hawaii HOAs to streamline reserve studies, focusing on compliance and community well-being.
Serving the entire state of Hawaii
Hawaii HOA Reserve Fund Requirements (2025 Guide)
Hawaii’s condominium associations must comply with specific laws governing reserve studies and funding. These requirements, outlined in Section 514B-148 of the Hawaii Revised Statutes, ensure that associations maintain sufficient reserves to cover major maintenance and capital expenditures. This guide explains the reserve study laws, their benefits, and the steps associations can take to comply with the regulations.
Are reserve studies required in --?
Yes, Hawaii law mandates that condominium associations perform reserve studies. These studies must be reviewed by an independent reserve study preparer and updated every three years. The findings must be incorporated into the association’s budget, including details on current reserve amounts, future reserve estimates, and how reserves are calculated.
-- reserve study update frequency
Hawaii requires condominium associations to update their reserve study every three years. Regular updates ensure the financial plan reflects the current condition of property components and accounts for inflation or changes in capital expenditure estimates.
PropFusion connects you with a vetted network of Reserve Study experts across Florida, ensuring best industry standards.
Understanding Reserve Studies for Hawaii HOAs
Reserve studies are essential for maintaining the financial health of HOAs in Hawaii, ensuring your community is prepared for major repairs without unexpected assessments. PropFusion simplifies the process, helping Hawaii associations plan effectively.
How it works
Fill in Your Details & Request Proposals
Enter your association's information and instantly request proposals.
Receive Proposals & Order Your Study
Get multiple proposals from top Professionals and select the best fit.
Receive & Explore Your Reserve Study Online
View your online study, create scenarios, and generate reports.
Our Trusted Network of Reserve Study Professionals
PropFusion connects you with a vetted network of Reserve Study experts across the state, ensuring top industry standards in expertise, compliance, and reliability. Whether updating or starting a reserve study, our network supports your community’s unique needs.
Certified Expertise: All professionals in our network are fully certified and bring years of experience to ensure accuracy and compliance.- Reliable Proposals: Receive competitive proposals tailored to your association’s requirements, ensuring you get the best value.
- Ongoing Support: Our professionals don’t just deliver a report—they offer ongoing insights to help you make informed decisions.
Our Reserve Studies Are Always Up to Date
With PropFusion, we never miss an update. Their professional helped us get accurate reserve studies, and the platform keeps everything organized.
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Frequently Asked Questions
Are reserve studies mandatory for condominiums in Hawaii?
Yes, reserve studies are required and must be updated every three years.
What happens if an association doesn’t comply?
Failure to perform reserve studies or maintain adequate reserves can lead to financial instability, legal issues, and increased costs for homeowners.
What should the reserve study include?
The study must include a 30-year cash flow projection, designated reserves for components costing over $10,000, and an aggregated reserve for smaller items.
Can associations waive reserve funding requirements?
No, Hawaii law does not allow associations to waive or reduce reserve funding obligations for required components.
How can PropFusion help with reserve studies?
PropFusion offers tools to manage reserve studies, including connecting with independent professionals, tracking updates, and automating financial planning.
Take Control of Your Association’s Future
