Five-year reserve planning My HOA Budget

Richmond, Virginia condo association

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Vistas on the James

Vistas on the James is a condo association in Richmond, Virginia. This profile tracks monthly dues $491–$1,206/mo, built in 2006, reserve study status not yet verified, along with amenities, reserve questions, and doc...

condo Public records Reserve health: No study on record Browse Richmond communities Virginia reserve laws

Profile 33% complete — board members can fill in the rest

HOA dues, reserve study, and community facts

Units —
Year built 2006
Monthly dues $491–$1,206/mo
Reserve health Check my risk
Active listings 3
Median sale price $550K

Amenities

No amenities listed yet.

Board member? Add amenities

Board and management

No board listed — who's managing your dues?

Board member? Claim this page

Reserve study and funding

Vistas on the James has no reserve study on record. Without one, there's no way to know if dues cover what's coming.

Check what's missing

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 Vistas on the James based on reserve health, building age, and Virginia requirements — so you see it coming before the board votes.

Special assessment risk Planned dues increases Reserve shortfall forecast
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Values used: scaled defaults where community data is unknown — unit count (default 100 — unknown for this community); starting reserve (scaled from unit count at $15k/unit); 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$631KReserves tight — thin margin
$0HEALTHY TARGET · $1.0M202620272028202920302031$631K
Annual dues increase+5% compounding · $589K/yr → $752K/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $495K/yr → $602K/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 Vistas on the James

Vistas on the James is a condo community in Richmond, Virginia, built in 2006. Situated along Virginia Street near the James River, the community offers downtown living with river views.

What we know

  • Year built: 2006
  • Monthly dues: $491–$1,206/mo
  • Active listings: 3 as of April 2026
  • Median sale price: $550K

Reserve health

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

What’s still missing

  • Unit count
  • Amenities list
  • Management company name
  • Reserve study date and reserve balance
  • Special assessment history
  • Board roster
  • Community photos

For board members

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

Virginia laws that apply here

Condo board meeting notice

Virginia condo board meeting notice rules, in plain language

How Virginia's Condominium Act handles executive board meeting transparency — open meeting mandate, the 21-day/7-day rule that applies to unit-owner meetings but not board meetings, and the two-vote executive session structure.

Va. Code § 55.1-1949 — Virginia Condominium Act, meetings of unit owners' association and executive board Condo reserve funding

Virginia condominium reserve funding rules, in plain language

How Virginia's Condominium Act actually handles reserves — through a mandatory five-year reserve study that condo instruments can vary — and what that instrument-variation clause means for a board, owner, or buyer reading a specific declaration.

Va. Code § 55.1-1965 — Virginia Condominium Act, annual budget and reserves for capital components HOA board meeting notice

Virginia HOA board meeting notice rules, in plain language

How Virginia's Property Owners' Association Act handles board meeting transparency — open meeting mandate, executive session limits, and owner comment rights — and why there is no minimum day count for board-only meeting notices.

Va. Code § 55.1-1816 — Property Owners' Association Act, meetings of the board of directors Reserve funding

Virginia HOA reserve funding rules, in plain language

How Virginia's Property Owners' Association Act actually handles reserves — through a mandatory five-year reserve study, annual review, and required budget fields — and what that means for a board, owner, or buyer who needs the numbers to mean something.

Va. Code § 55.1-1826 — Property Owners' Association Act, annual budget and reserves for capital components

Is this your community?

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

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Next step

Need documents from Vistas on the James?

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