What We Prepare
The reserve study your association relies on.
In Washington the reserve study is most often called exactly that. Our Reserve Fund Study is the same deliverable, prepared to recognized standards for the condominium and homeowner associations the state’s common-interest statutes apply to.
Every engagement starts with a full inventory of the association’s major common components, an on-site condition inspection, and a long-range funding forecast across multiple funding models. The result is a report a volunteer Board can read and act on, and one that holds up when an Owner, a lender, an insurer, or a prospective buyer reviews the association’s documents.
Reserve requirements in Washington depend on when and how an association was created, and they continue to develop. We prepare each study to the expectations that apply where your association sits, and confirm the specifics for your community as part of the proposal.
See the full Reserve Fund Study →Across the State
From the Sound to the eastern plateau.
Washington is a large state, and reserve planning should not stop at the edge of the Seattle metro. We work with associations across every region, with the on-site inspection scheduled in your area.
- Puget Sound
- Seattle, Bellevue, Tacoma, Everett, and the Eastside, the state’s largest concentration of condominium and homeowner associations.
- Spokane & the East
- Spokane, the Tri-Cities, Yakima, and Eastern Washington, where seasonal weather and renewal timing both matter to a forecast.
- Southwest & the Coast
- Vancouver, Olympia, the South Sound, and the coast, from waterfront low-rises to larger planned communities.
Communities outside these centres are served the same way, remotely for most of the engagement, with the inspection scheduled on site. If your association is in Washington, we can prepare your reserve study.
A Specialist Practice
A higher standard of reserve planning for Washington.
We bring deep reserve-planning experience to associations across the state, prepared to the requirements that apply where your community sits.
- Standards-based. Studies prepared to recognized reserve-planning standards and to Washington’s common-interest requirements.
- Remote-capable by design. Most of the engagement runs in a shared workspace, so distance and the border do not slow the work.
- Independent throughout. No ties to contractors or vendors, so the recommendations serve the Owners and no one else.
Common Questions
Washington, specifically.
Straight answers on obligation, terminology, and reach for associations in Washington, before you request a proposal.
Does our Washington association need a reserve study?
Washington’s common-interest statutes generally direct condominium and homeowner associations to prepare a reserve study and to update it on a regular cycle. Which framework applies, and the exact timing, depends on when and how your association was created. We confirm precisely what applies to your community as part of the proposal.
Why do you call it a Reserve Fund Study?
Reserve Fund Study is the name OurCastle uses for the deliverable across every region we serve. In Washington it is most often called a reserve study; in British Columbia the same work is the Depreciation Report named by the Strata Property Act. The terminology follows the jurisdiction; the underlying work, a component inventory, a condition inspection, and a long-range funding forecast, is the same.
Can you work with a Washington association remotely?
Yes. We prepare Reserve Fund Studies for associations across Washington State, from the Puget Sound to Spokane. Most of the engagement runs in a shared workspace, with the on-site inspection scheduled in your area, so distance does not slow the work.
For Reference
Read the Washington requirements for yourself.
The statutes and standards behind a reserve study in Washington are public. Here are the primary sources we prepare to.