Reserve Study Companies in Michigan
Connect with certified reserve study professionals across Michigan, compare proposals side by side, and choose the partner that best fits your HOA or condominium community.
Reserve study companies for Michigan communities
Get proposals from vetted engineers who know Michigan’s climate, construction types and reserve funding expectations for condominium associations.
- Through PropFusion, you can connect with reserve study companies that already work with:
- Condominium and co-op associations
- Single-family HOAs
- Townhome and duplex communities
- Mixed-use and high-rise buildings
- Lakefront and resort communities
Michigan reserve fund rules in plain language
Michigan condominium associations must maintain a reserve fund equal to at least 10 percent of their annual budget, but there is currently no statewide requirement to perform a reserve study, even as lawmakers consider a bill that would make studies mandatory for many condos.
Are reserve studies legally required in Michigan?
Not yet statewide. Michigan law requires condo associations to keep a reserve fund for major repairs, but it does not currently mandate reserve studies, so most boards follow industry best practice rather than a statute.
How often should Michigan boards update a reserve study?
Best practice is to refresh the study every 3 to 5 years or after major projects, so funding stays aligned with actual component conditions, inflation and Michigan’s winter-related wear.
Which communities in Michigan must have a reserve fund?
Condominium associations must maintain a reserve fund for major repairs and replacement of common elements, while many non-condo HOAs adopt similar policies through their own governing documents.
What will change if the proposed reserve study bill passes?
If the pending bill becomes law, many Michigan condominiums will need a professional reserve study on a recurring schedule, so having a recent, well-documented study will put your board ahead of any new compliance requirements.
Types of reserve studies Michigan companies provide
Level 1 – Full reserve study
A complete physical and financial analysis: on-site inspection, component inventory, remaining useful life, and a 20–30 year funding plan.
Level 2 – Update with site visit
A refresh of your existing reserve study with a new inspection, updated costs, and revised funding recommendations.
Level 3 – Update without site visit
A financial update that uses your prior study and updated financial data to adjust funding paths between full site inspections.
Special-purpose studies
Targeted reserve studies that dive deeper into roofs, pavement, parking structures, lakeshore assets and building envelopes that take a beating from Michigan’s freeze–thaw cycles, snow loads and deicing salts, giving boards more detail where risk is highest.
Michigan reserve study coverage
From Detroit and Grand Rapids to lakeside and Up North communities, our network covers associations throughout the state.
- Typical areas covered include:
- Detroit and Metro Detroit suburbs
- Grand Rapids and West Michigan, Lansing and Mid-Michigan
- Ann Arbor and Washtenaw County
- Kalamazoo and Battle Creek
- Flint, Saginaw and the Bay Region
- Traverse City and Northern Michigan resort towns
- Lakefront communities along Lakes Michigan, Huron and Erie
When Michigan associations typically hire a reserve study company
Key moments when boards and managers bring in a professional reserve analyst.
New community or developer turnover
A new Michigan condo or HOA is transitioning from developer control and needs an independent capital plan that matches real conditions on the ground.
First-time professional reserve study
The board has relied on rough “rules of thumb” in the past and now wants a formal reserve analysis to satisfy owners, lenders and auditors.
Major projects on the horizon
Roof replacements, asphalt and concrete work, elevators, clubhouse renovations or shoreline stabilization are coming up and the board wants to confirm timing and funding.
Concerns about underfunded reserves
Rising maintenance costs, flat assessments and aging infrastructure suggest reserves may be too low, and the board wants a plan to avoid special assessments.
Loan applications and refinancing
The association is considering a bank loan for capital projects and needs a current reserve study to support underwriting and negotiate better terms.
What a Michigan reserve study company delivers
Most providers in our marketplace follow national reserve study standards. In practice, that means you can expect:
On-site inspection of major components
Visual review of roofs, waterproofing, structure, exterior finishes, pavement, mechanical systems, amenities, and other shared components.
Component inventory & useful life estimates
A detailed list of common-area components, quantities, remaining useful life, and estimated replacement/repair costs.
30-year funding plan
Year-by-year projections showing recommended reserve contributions, projected expenses, and forecast reserve balances, so you can see the impact of different dues levels over time.
Scenario comparisons
Many providers show alternative funding strategies so boards can choose the path that fits owner expectations and risk tolerance.
Board-ready PDF report
A report that can be attached to budgets, resale certificates, and owner communications, and that will stand up to questions from lenders, auditors, and regulators.
Online reserve planning workspace
Alongside the PDF report, your reserve study is loaded into an online dashboard where your board can test what-if funding scenarios, see upcoming investment opportunities, and manage capital projects over time.
Compare multiple reserve study companies in Michigan with one request
Share your community details
Tell us about your association’s location, property type, number of units, and any upcoming projects or concerns.
We match you with vetted firms
We route your request to reserve study companies that actively work in your state and fit your size and building type.
Compare proposals side by side
You receive multiple proposals outlining scope, pricing, and timelines so you can compare options without chasing firms yourself.
Hire your preferred provider
You choose the company you want to work with. They perform the study and deliver the report. You keep full ownership of the results and can use them with any budgeting tools or processes you prefer.
What Michigan boards say
“We compared bids from a national firm and a Michigan-based engineer in under 24 hours. The provider we chose built a plan that factored in our aging roofs and harsh winters, and PropFusion lets us update assumptions every year without starting over.”
“Getting three Michigan reserve study proposals in one place saved us weeks of phone calls. We chose a firm that knew Detroit high-rises inside out.”
Michigan HOAs and condos have requested proposals through our marketplace.
vetted reserve study professionals covering communities across Michigan.
“The board finally understands our long-term plan. The study and online tools made budget season calm instead of stressful.”
“Our reserves were clearly underfunded, but we did not know how bad it was. The reserve study we ordered through the marketplace laid everything out in plain English, showed multiple funding paths, and gave us charts we could share with owners at the annual meeting.”
Frequently asked questions
How much does a reserve study typically cost in Michigan?
Costs vary by size and complexity, but many Michigan communities pay roughly 3,000 to 10,000 dollars for a full on-site study, with lower fees for desktop updates that reuse a recent report.
How long does it take to get a reserve study report back?
Most firms deliver within 4 to 8 weeks from site visit, depending on the provider’s workload, the season and how quickly the board supplies financial and governing documents.
Should we choose a local Michigan firm or a national provider?
Local engineers know Michigan weather, construction types and costs, while national firms bring broader benchmarking data. Using a marketplace lets you compare both and pick the team that fits your community best.
What information does our board need to provide before the study?
You will typically share governing documents, recent financial statements, prior reserve studies, maintenance histories and any plans for major changes, such as expansions or amenities.
Can one reserve study cover multiple associations in a master community?
In master-planned developments, each association usually needs its own reserve schedule, but a coordinated engagement can share data and reduce overall cost across related entities.
Does your marketplace include providers familiar with Michigan reserve fund requirements and the proposed bill?
Yes. The vetted professionals in our Michigan network understand the current 10 percent reserve fund rule and are tracking the pending reserve study legislation, so your reports are prepared with future compliance in mind.
Get proposals from reserve study companies in Michigan
If your board is planning big projects, worried about reserves, or simply wants a clear long-term funding plan, this is the time to bring in a professional reserve study company.
