Reserve Study Companies in Virginia
Compare vetted reserve study firms across Virginia and get multiple proposals for your HOA or condominium with a single request.
Reserve study companies for Virginia HOAs and condos
Virginia communities operate under mandatory five year reserve study requirements and face everything from coastal storms to aging infrastructure. Through PropFusion, you can connect with reserve study companies that understand Virginia’s climate, construction types, and legal obligations, then compare multiple proposals side by side without weeks of outreach.
- Through PropFusion, you can connect with reserve study companies that already work with:
- Condominium and townhome associations
- Virginia HOAs
- Property owners associations
- mixed use communities
- Resort communities and active adult communities
Virginia reserve study requirements in plain language
Virginia law requires most HOAs and condominium associations to complete a reserve study at least once every five years and review the findings annually as part of the budget process. For details, see the full Virginia Reserve Study Law Guide.
Who is required to get reserve studies in Virginia?
Most condominium associations and property owners associations that maintain common elements must commission periodic reserve studies to plan for major repairs and replacements.
How often do Virginia communities need a reserve study?
Virginia statutes call for a formal reserve study at least once every five years, with the board reviewing the results and adjusting reserves annually during budgeting.
Do we need a Virginia based reserve study company?
Many boards prefer firms that regularly work in Virginia and understand local construction, weather, and pricing, but experience with similar communities and solid credentials matter just as much.
Does Virginia set a minimum funding percentage?
The law focuses on conducting the study and disclosing how reserves align with its findings rather than mandating a specific percent funded target, but underfunded plans can create risk.
Types of reserve studies our Virginia partners offer
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.
Funding plan consulting and what if scenarios
Engagements focused on fine tuning contributions, testing alternate funding paths, and stress testing reserves against large upcoming projects so boards can choose a realistic, defensible plan.
Virginia coverage - from Northern Virginia to Hampton Roads and beyond
You do not need a separate search for each city. PropFusion’s marketplace includes reserve study companies that serve communities across the entire Commonwealth, from dense urban condos to suburban HOAs and mountain resorts.
- Typical areas covered include:
- Northern Virginia: Arlington, Alexandria, Fairfax, Reston, Tysons, Loudoun County communities
- Central Virginia: Richmond, Henrico and Chesterfield counties, Fredericksburg and surrounding suburbs
- Hampton Roads & Tidewater: Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk
- Shenandoah Valley & Blue Ridge: Charlottesville, Harrisonburg, Staunton, Waynesboro, Lexington
- Western & Southwest Virginia: Roanoke, Blacksburg, Lynchburg, Danville, Bristol and neighboring communities
When Virginia associations typically hire a reserve study company
Boards in Virginia usually bring in a reserve study firm when they need more than a checkbox for compliance.
Five year deadline is coming up
The association is due for its statutory five year reserve study and needs a fresh report in place before adopting the next budget and issuing owner disclosures.
Annual review exposes gaps
During the annual review, it becomes clear that reserves are not on track with the last study and the board wants updated numbers and a revised funding path.
Major projects are on the horizon
Roofs, siding, asphalt, elevators, decks, or clubhouse renovations are approaching and the board wants a clear long term plan instead of relying on special assessments or loans.
Turnover from developer to owners
Control is shifting from the developer to owners and the new board wants an independent reserve study to understand capital needs and any underfunded components.
After storms or accelerated wear
Coastal storms, humidity, and freeze thaw cycles have accelerated wear on key systems, prompting boards to commission a new study that reflects real world conditions and updated pricing.
Before financing, refinancing, or sales
Lenders, buyers, and insurers increasingly ask for current reserve information, so boards order a study to support financing, resale packages, and risk reviews.
What a Virginia reserve study company delivers
Most reserve study firms serving Virginia follow national reserve study standards and incorporate the state’s five year requirement into their recommendations.
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.
Compliance ready summaries and disclosures
Summary tables that make it easier to demonstrate how your reserve plan aligns with Virginia’s five year study and annual review requirements, and to communicate those results in budget packages and owner mailings.
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 Virginia 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 Virginia boards say
“Our Old Town condo needed a fresh reserve study before a major exterior project. The marketplace matched us with firms that know Virginia building codes and pricing. The winning proposal was detailed, reasonably priced, and came with a funding plan our owners could actually understand.”
“Using PropFusion, we went from chasing vendors for weeks to three Virginia proposals in under a week. The side by side comparison made our decision simple and defensible.”
Virginia HOAs and condos have requested proposals through our marketplace.
vetted reserve study professionals covering communities across Virginia.
“Three strong proposals, one short brief. It saved our board countless emails and phone calls.”
“As a self managed HOA in the mountains, we were worried nobody would understand our unique mix of townhomes and roads. PropFusion brought us multiple Virginia focused reserve study options, walked us through the scope differences, and helped us choose a partner that could join our meetings and explain the numbers clearly.”
Frequently asked questions
Do we have to hire a reserve study company located in Virginia?
A Virginia based or Virginia experienced firm is usually best because they understand local codes, climate, and pricing, but many qualified providers serve the state from nearby regions as well.
How much does a reserve study typically cost in Virginia?
Pricing depends on size and complexity. Smaller communities may see proposals in the low thousands for a full study, while large or multi building associations pay more. The only reliable way to gauge value is to compare multiple proposals with the same scope.
How long does the reserve study process take?
For most Virginia communities, it takes a few weeks from site visit to final report, though very large or complex properties may require additional time for analysis and board review.
Does PropFusion charge Virginia boards to use the marketplace?
No. Boards and managers use PropFusion to request proposals at no cost. You only pay the reserve study firm you choose to hire.
How does PropFusion help beyond collecting bids?
We standardize the intake brief, help you request comparable scopes from multiple firms, and give you an organized way to compare pricing, timelines, and experience so your board can make a confident, well documented decision.
Get proposals from reserve study companies in Virginia
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.
