HOA Reserve Study CompaniesGet a quote

HOA Reserve Study Companies

The firms that produce reserve studies for condominium, homeowner and cooperative associations, listed state by state with the credentials they state, next to each state's law and what a study costs.

Get a quote
Alaska: Reserve fund rules onlyAKAlabama: Reserve fund rules onlyALArkansas: No statewide study lawARArizona: Reserve fund rules onlyAZCalifornia: Required, every 3 yearsCAColorado: Encouraged by statuteCOConnecticut: Reserve fund rules onlyDistrict of Columbia: Reserve fund rules onlyDelaware: Required by lawFlorida: SIRS required, every 10 yearsFLGeorgia: Reserve fund rules onlyGAHawaii: Required, every 3 yearsHIIowa: No statewide study lawIAIdaho: No statewide study lawIDIllinois: Reserve fund rules onlyILIndiana: Reserve fund rules onlyINKansas: No statewide study lawKSKentucky: Reserve fund rules onlyKYLouisiana: Reserve fund rules onlyLAMassachusetts: Reserve fund rules onlyMaryland: Required, every 5 yearsMaine: Reserve fund rules onlyMEMichigan: Reserve fund rules onlyMIMinnesota: Reserve fund rules onlyMNMissouri: Reserve fund rules onlyMOMississippi: No statewide study lawMSMontana: No statewide study lawMTNorth Carolina: Reserve fund rules onlyNCNorth Dakota: No statewide study lawNDNebraska: No statewide study lawNENew Hampshire: Reserve fund rules onlyNew Jersey: Required, every 5 yearsNew Mexico: Reserve fund rules onlyNMNevada: Required, every 5 yearsNVNew York: Reserve fund rules onlyNYOhio: Reserve fund rules onlyOHOklahoma: No statewide study lawOKOregon: Required, reviewed annuallyORPennsylvania: Reserve fund rules onlyPARhode Island: Reserve fund rules onlySouth Carolina: No statewide study lawSCSouth Dakota: No statewide study lawSDTennessee: Required, every 5 yearsTNTexas: Reserve fund rules onlyTXUtah: Required, every 6 yearsUTVirginia: Required, every 5 yearsVAVermont: Reserve fund rules onlyWashington: Required, every 3 yearsWAWisconsin: Reserve fund rules onlyWIWest Virginia: Reserve fund rules onlyWVWyoming: No statewide study lawWY
Study required by lawEncouraged by statuteReserve fund rules onlyNo statewide study law
Firms listed
110
States covered
50 + DC
Study required by law
12 states
Listings checked
November 6, 2026

Firms that work in every state

These firms state on their own websites that they serve all fifty states. They appear on every state page after the firms based there.

All states
National reserve study firms
FirmBased inWorks inCredentials statedServices
Apex Reserve Groupapexreservegroup.comIrvine, CAAll 50 statesNot statedreserve study
Association Reservesreservestudy.comNot statedAll 50 statesRS, PEreserve study
Global Solution Partnersglobalsolutionpartners.comNot statedAll 50 statesRS, PEreserve study, SIRS, insurance appraisal, transition study, capital planning
MillerDodson Associatesmillerdodson.comAnnapolis, MDAll 50 statesNot statedreserve study, transition study
Reserve Advisorsreserveadvisors.comMilwaukee, WIAll 50 statesNot statedreserve study, SIRS, insurance appraisal
Reserve Data Analysisreservedataanalysis.comNot statedAll 50 statesNot statedreserve study, SIRS
The Falcon Groupthefalcongroup.usWarren, NJAll 50 statesRS, PRAreserve study, SIRS, transition study, capital planning

What a reserve study costs

$2,000 to $8,000

is the usual fee for a full study with a site visit in a community of 50 to 150 units, the Level I study a board orders when it has never had one or the last one is old. Small associations start near $1,500; large or complex ones run to $20,000 and beyond. Firms quote an update with a site visit at about 50 to 80 percent of a full study, and an update prepared from the previous study without a visit at 25 to 50 percent of a full study, often under $1,000 for a small community. In Florida a structural integrity reserve study for a building of three stories or more is a separate engagement at $5,000 to $16,500 or more.

The fee moves with the number of buildings, the length of the component list and how far the analyst travels, more than with the unit count on its own. A 300-unit garden community with twelve identical buildings can cost less to study than a 90-unit high-rise with elevators, a garage and a pool deck. All figures are our reading of published prices in November 2026, a guide and not a quote; the cost page has the estimator and the sources.

Typical reserve study cost by community size
CommunityFull study
Under 50 units few amenities$1,500 to $5,000
50 to 150 units$2,000 to $8,000
150 to 300 units or several buildings$5,000 to $20,000 or more
300 units and up no published ceiling$10,000 to $20,000 or more
High-rise condominium elevators, garage, central plant$7,000 to $15,000 or more

Typical fees for a full study with a site visit, our reading of published prices, November 2026. A guide, not a quote.

Where the law requires a study

12 states and the District of Columbia write a reserve study into statute, most on a three to five year cycle, and several say who may perform it. Colorado encourages one without requiring it. Everywhere else the governing documents, the lender and the insurer set the expectation, and the study is the only defensible basis for the reserve line in the budget.

Florida is the special case. Condominium and cooperative buildings of three or more stories must also have a structural integrity reserve study under section 718.112(2)(g) of the Florida Statutes, with the inspection performed or verified by a licensed engineer or architect or a certified reserve specialist, and the reserves it identifies cannot be waived.

Each state's rule, with its citation and the date we read it, is on the requirements page and repeated on that state's own page.

Required by statute, November 2026

Know the unit count and the state? That is enough to request proposals.

Get a quote

How a reserve study gets done

From the first proposal to the line in next year's budget.

  1. Proposals and a scope

    The board or manager sends the firm the unit count, the buildings, the last study and the deadline. The firm proposes a level of service and a fee, and the board picks one proposal from the three it collected.

  2. Documents before the visit

    Site plans, the governing documents, the maintenance log, invoices for recent major work and the current reserve balance. The more the analyst has in advance, the shorter and sharper the visit.

  3. The site visit

    The analyst walks every building and common area, opens mechanical rooms and roof hatches, measures and photographs, and notes the condition of each component. For a full study this is a day or more; for an update it is shorter.

  4. The component inventory

    Every common element the association must repair or replace above the firm’s threshold goes on the list with its quantity, its condition, its remaining useful life and its replacement cost in today’s dollars.

  5. The funding analysis

    The firm works out what the reserve fund should hold now, the percent funded, and a plan of annual contributions for the next twenty to thirty years under the funding goal the board chooses.

  6. The report and the budget

    A draft comes to the board for comment, then a final report. The contributions in it go into the next budget, and the study is updated on the cycle the state sets or every three to five years.

3

proposals is the usual number a board collects before choosing.

1 day+

on site for a full study of a community of any size; longer with several buildings.

20 to 30

years is how far a sound funding plan projects.

For management companies

A manager with a portfolio across several states can read the study cycle for every association off one page, shortlist firms by state, and send one request for the lot. The management companies page sets out how, and what a firm needs from you before the site visit.

1

request covers one association or a whole portfolio.

$0

paid by the association or the manager for the introduction.

Questions boards ask

Short answers, each with its source. The state pages answer the state-specific ones.

What is a reserve study?

A reserve study is a budgeting tool that lists the common components an association must repair or replace, estimates their remaining life and cost, and recommends a funding plan. CAI describes two parts: a physical analysis of the property and a financial analysis of the reserve fund. Source: CAI, Reserve Studies and Funding Resources.

How often is a reserve study required?

It depends on the state. California requires a visual inspection at least every 3 years, Virginia, Maryland, Nevada and New Jersey every 5 years, Utah every 6 years, and Washington and Oregon require annual updates. CAI's standards call a site-inspection update at least every third year best practice. Source: CAI, Summary of State Reserve Fund Laws (June 2026).

Which states require reserve studies?

CAI's June 2026 summary lists a study requirement in about a dozen states, including California, Florida (SIRS for condo buildings three stories or higher), Hawaii, Maryland, Nevada, New Jersey, Oregon, Tennessee, Utah, Virginia and Washington. Many other states require only reserve disclosure or a reserve account, and some have no rule at all. Source: CAI, Summary of State Reserve Fund Laws (June 2026).

How much does a reserve study cost?

Cost depends on the level of service, the community's size and complexity, and whether a site visit is needed. A full Level I study with a site visit costs the most, a Level II update with a site visit less, and a Level III update without a site visit the least. Ask several providers for proposals on the same scope. Source: CAI, Reserve Studies and Funding Resources.

What is the difference between a Level I, Level II and Level III reserve study?

Under CAI's Reserve Study Standards, Level I is a full study with a new component inventory and on-site condition assessment, Level II is an update with a site visit, and Level III is an update without a site visit that revises life, cost and funding figures only. Level IV is a preliminary study for a community not yet built. Source: CAI, Reserve Studies and Funding Resources.

Who can prepare a reserve study?

Most states do not license reserve study preparers, but some set rules: Nevada requires a registered reserve study specialist, Maryland lists minimum experience or credentials, New Jersey requires a CAI-credentialed specialist or licensed engineer or architect, and Florida's SIRS inspection must be done or verified by a licensed engineer or architect or an RS or PRA. Industry credentials include CAI's Reserve Specialist (RS) and APRA's Professional Reserve Analyst (PRA). Source: Md. Code, Real Prop. 11-109.4.

What does percent funded mean?

Percent funded is the ratio of the actual or projected reserve balance to the fully funded balance, which is the sum for each component of current cost times effective age divided by useful life. CAI notes that a community within a few points of 100 percent should be considered fully funded. Source: CAI, An Explanation of Reserve Study Standards.

What is a structural integrity reserve study (SIRS)?

A SIRS is a Florida-required study for condominium buildings three habitable stories or higher. It must be done at least every 10 years, and owner-controlled associations may not waive or reduce SIRS reserves. Source: Fla. Stat. 718.112.

Request proposals for your reserve study

The community ZIP code, how to reach you, then a few taps about the association. About a minute, and nothing is sent to a firm until you say so.

This is a free introduction service, not a reserve study provider. We find one firm that works in your state and tell you its name before anything is shared. Nobody contacts you until you say yes.

Step 1 of 3

Where is the community?
Get a quote