Five-year reserve planning My HOA Budget

Virginia Beach, Virginia condo association

Unclaimed profile

The Westin Virginia Beach

The Westin Virginia Beach is a condo association in Virginia Beach, Virginia. This profile tracks monthly dues $1,000–$1,200/mo, 119 units, built in 2008, reserve study status not yet verified, along with amenities, r...

condo Public records Reserve health: Unknown Browse Virginia Beach communities Virginia reserve laws

Profile 56% complete — source gaps remain

HOA dues, reserve study, and community facts

Units 119
Year built 2008
Monthly dues $1,000–$1,200/mo
Reserve health Unknown
Active listings 4
Median sale price $850K

Amenities

PoolGymConciergeElevatorParking garage

Board and management

No board roster is listed in the cited sources.

Reserve study and funding

We do not have reserve study details on record for The Westin Virginia Beach. Review the editable example below before treating any forecast as community-specific.

Review editable example

5-year outlook

What changes this five-year example?

Special assessments can run into thousands per unit when major work outruns reserves. This starts with the known numeric values listed below, then lets you change every example before relying on the result for The Westin Virginia Beach.

Reserve-health labels, year built, and Virginia law summaries are not used to change the solver numbers.

Editable assessment example Adjustable dues increases Five-year reserve projection
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Known values applied: unitCount -> unit count; duesRange lower bound -> annual dues revenue.

Editable examples, not community facts: starting reserve: editable example scaled from unit count at $15k/unit; annual operating expense: editable example scaled from annual revenue at 84%.

Local calculator

Five-year reserve projection from reviewed numbers

Start with the example, enter figures by hand, or review local files before applying values. Nothing here is uploaded or saved by MHB. This example is not a reserve study, a funding-sufficiency conclusion, or an assessment prediction.

5-year ending reserve$1.81MAbove example target

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Review documents or enter the same values by hand.

Files are read only in this browser, are not uploaded, and are not stored by MHB.

Scenario figures can be entered manually or read from local files.

Budget

Dues revenue, operating expense, and unit count.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Reserve study

Starting reserve balance and scheduled capital work.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Assessment history

Assessment amount and projected year.

Ready

Labeled dollar values. PDF, CSV, JSON, or text. 10 MiB max. Read locally only.

Enter figures manually

These whole-number fields match the document review fields. Changing them recomputes the projection immediately.

$0EXAMPLE TARGET - $1.0M202620272028202920302031$1.8M
Projection text equivalent
YearReserve balance
2026$1.78M
2027$1.89M
2028$1.86M
2029$1.57M
2030$1.60M
2031$1.81M
5%
4%

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Copy and CSV exports use reviewed numbers and caveats. The share link keeps only numeric controls.

Current ending balance$1.81M
Current lowest balance$1.57M2029
Ending deltaSave baseline

Save the current case before changing controls to compare ending balance, lowest balance, and yearly deltas.

Fields: manual entry fields; ending delta: 0; lowest delta: 0

Save a baseline before exact totals can be included. Until then, the handoff contains only field names and zero comparison bands for the current scenario.

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 The Westin Virginia Beach

The Westin Virginia Beach Town Center Residences is a 119-unit luxury condo occupying the upper floors of a 38-story tower (tallest building in Virginia at completion, 2008). Below the residences sits the Westin Hotel, providing 4-star hotel services. Amenities include indoor heated pool, fitness studio, owners’ lounge, 24-hour concierge, and private residential lobby. Units range from 900 to 4,000 square feet.

What we know

  • Units: 119 residential condominiums
  • Year built: 2008
  • Stories: 38
  • Address: 4545 Commerce Street, Virginia Beach, VA 23462
  • Monthly dues: $1,000–$1,200/mo
  • Amenities: Indoor heated pool, fitness studio, owners’ lounge, 24-hour concierge, private residential lobby, parking garage
  • Active listings: 4
  • Median sale price: $850K
  • Floor plans: 1BR–4BR, 900–4,000 sq ft

Reserve health

Reserve health hasn’t been verified for The Westin Virginia Beach 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

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

Verification note

This profile is based on the sources named in its profile footer. It has not been board-verified; confirm material facts directly with the association.

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

Profile verification status

This profile has not been claimed or verified by the board or property manager. Treat missing details as unknown, and confirm important facts directly with the association before relying on them.

Next step

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