Five-year reserve planning My HOA Budget

Bear, Delaware townhome HOA

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Brennan Estates

Brennan Estates is a townhome HOA in Bear, Delaware. This profile tracks monthly dues $33/mo, 824 units, built in 2003, managed by ASPEN PROPERTY MANAGEMENT, reserve study status not yet verified, along with amenities...

townhome Public records Reserve health: No study on record Browse Bear communities Delaware reserve laws

Profile 78% complete — board members can fill in the rest

HOA dues, reserve study, and community facts

Units 824
Year built 2003
Monthly dues $33/mo
Reserve health Check my risk
Management ASPEN PROPERTY MANAGEMENT
Active listings 1
Median sale price $495K

Amenities

TennisPlayground

Board and management

Heather Pasquariello President
Courtney Glasgow-Rinaldi Vice President
Andrea Tully Secretary
Mike Doyle Treasurer

Reserve study and funding

Reserve balance $176.8K

5-year outlook

Will you get hit with a special assessment?

Special assessments can run into thousands per unit when major work outruns reserves. We model that risk for Brennan Estates based on reserve health, building age, and Delaware requirements — so you see it coming before the board votes.

Special assessment risk Planned dues increases Reserve shortfall forecast
I am a...

Values used: scaled defaults where community data is unknown — annual opex (scaled from revenue at 84%).

Try it on a typical condo

A mid-size urban condo, five years out

Starting reserve $1.5M · $500K/yr dues revenue · $420K/yr operating expenses · $1.5M of reserve-study capital work over five years. Switch on the levers your board actually controls and watch where the reserve lands.

5-year ending reserve-$974KSpecial assessment required
$0HEALTHY TARGET · $1.0M202620272028202920302031-$974K
Annual dues increase+5% compounding · $326K/yr → $416K/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $274K/yr → $333K/yr by 2031
4%
Board member next stepTurn this scenario into a board-ready next step.

Send the reserve-planning context and keep the follow-up focused on board decisions.

Plan our next five years

About Brennan Estates

Brennan Estates is an 824-home townhome community in Bear, Delaware, built in 2003. Public association materials describe common areas that include tennis courts, tot lots, open space, walking paths, and a pump station alongside the residential community.

What we know

  • Property type: Townhome
  • Units: 824
  • Year built: 2003
  • Monthly dues: $33/mo
  • Address: 13 Laurel Way, Bear, DE, 19701
  • Amenities: Tennis, Playground
  • Active listings: 1 as of April 2026
  • Median sale price: $495K
  • Management company: ASPEN PROPERTY MANAGEMENT
  • Website: Brennan Estates Association
  • Board officers: Heather Pasquariello, Courtney Glasgow-Rinaldi, Andrea Tully, Mike Doyle
  • Reserve balance: $176.8K reported in the association’s January 31, 2022 balance sheet

Reserve health

Reserve health hasn’t been verified for Brennan Estates yet. Before you approve a budget, pay a special assessment, or close on a unit here, Delaware law defines exactly what reserve records a townhome HOA must keep and what owners can request — see Delaware HOA reserve funding rules.

What’s still missing

  • Reserve study date
  • Reserve funding percentage

For board members

If you serve on this board, you can claim this page to add accurate reserve data, board roster, and community photos.

Delaware laws that apply here

Board meeting notice

Delaware HOA and condo board meeting notice rules, in plain language

How Delaware's Uniform Common Interest Ownership Act handles board meeting notice for all community types — a 10–60-day statutory window, mandatory quarterly meetings, open meetings after developer turnover, and a 60-day window to challenge improperly noticed actions.

Del. Code tit. 25, § 81-308A — Delaware Uniform Common Interest Ownership Act, executive board meetings Reserve funding

Delaware condo reserve funding rules, in plain language

How Delaware's Uniform Common Interest Ownership Act and legacy Unit Property Act handle condominium reserves — with minimum-percentage budget allocations, a reserve-study framework, and phase-in timelines for older communities — and what that means for a condo board, owner, or buyer.

25 Del. C. ch. 81 — Delaware Uniform Common Interest Ownership Act (§§ 81-103, 81-315, 81-324); 25 Del. C. ch. 22 — Unit Property Act (§§ 2244–2246) Reserve funding

Delaware HOA reserve funding rules, in plain language

How Delaware's Uniform Common Interest Ownership Act and legacy Unit Property Act actually handle reserves — with an explicit repair-and-replacement reserve definition, a five-year reserve-study concept, and minimum-percentage allocations for some condos — and what that means for a board, owner, or buyer.

25 Del. C. ch. 81 — Delaware Uniform Common Interest Ownership Act (subchapter III: management, including §§ 81-315 and 81-324); 25 Del. C. ch. 22 — Unit Property Act (subchapter VIII)

Is this your community?

Board members and property managers can claim this page to add photos, amenities, board roster, and reserve details. Make Brennan Estates look as good online as it does in person.

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Next step

Need documents from Brennan Estates?

We can help you request reserve studies, budgets, and meeting minutes. Pick the option that fits.

I own here — request documents I'm buying — request documents