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The straightforward answer is yes, in the state of Washington, Homeowners Associations (HOAs) are generally required to conduct a reserve study and update it annually unless specific exemptions apply. Visit Are reserve studies required in Washington State? - Bach Associates (https://bachassociates.com/are-reserve-studies-required-in-washington-state/)
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What is a Reserve Study and Why is it Important? - Bach Associates
The initial reserve study involves an on-site inspection and a comprehensive assessment of the current state of the reserve fund. This assessment is crucial for creating a prioritized timeline for capital improvement pro
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