Reserve Study Companies in Connecticut
Compare proposals from vetted reserve study companies serving HOAs and condominiums across Connecticut. Get accurate funding plans that satisfy CIOA budget disclosure requirements and keep your community financially stable.
Reserve study companies for Connecticut communities
Connecticut communities deal with coastal storms, freeze–thaw cycles, and aging building stock—from shorefront condos along Long Island Sound to older urban and suburban associations inland. Boards need reserve study companies that understand New England conditions, Connecticut law, and lender expectations, not just generic templates.
- Through PropFusion, you can connect with reserve study companies that already work with:
- Condominium associations (mid-rise, high-rise, and garden-style buildings)
- Single-family HOAs and master-planned communities
- Townhome and duplex communities
- Age-restricted and active adult communities
- Mixed-use and urban infill projects around major Connecticut metros
Connecticut reserve study requirements in plain language
Connecticut does not currently require HOAs or condos to conduct a “reserve study” by name. However, for condominiums, state law requires “adequate reserves for capital expenditures” to be included in the proposed budget, and boards must disclose reserve amounts and how they are calculated as part of the annual budget process.
No statutory requirement to perform a reserve study
There is no law that says Connecticut associations must commission a formal reserve study on a fixed schedule. The requirement is about adequate reserves and disclosure, not the specific tool used.
Condominium budgets must include adequate reserves
For condominiums, the declarant and later boards must provide “adequate reserves for capital expenditures” in the budget, and owners must be given a summary of the budget, including reserve funds and the basis for those numbers.
Reserve funding is effectively required in practice
Industry summaries classify Connecticut as a state where reserve funding is required for condominiums, even though reserve studies themselves are optional.
Best practice: full study every 3–5 years, annual reviews
National guidance and Connecticut-focused resources recommend a full reserve study every 3–5 years, with annual reviews so your reserve line in the budget is grounded in current data, not guesswork.
Types of reserve studies Connecticut 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 analyses when the board needs a focused look at specific systems—such as façades, parking structures, decks/balconies, roofs, or seawall and waterfront elements—outside the normal cycle.
Connecticut coverage – from Hartford to the coast
Reserve study companies in our network serve associations across the state. If your community is located anywhere in Connecticut, we can route your project to firms that already cover your region and property type.
- Typical areas covered include:
- Greater Hartford: Hartford, West Hartford, Newington, New Britain
- Coastal corridor: Stamford, Norwalk, Bridgeport, New Haven, Milford, coastal towns along Long Island Sound
- Other key metros: Waterbury, Danbury, Meriden, Middletown and surrounding suburbs
When Connecticut associations typically hire a reserve study company
Boards in Connecticut tend to bring in reserve study firms when:
Budget season is approaching
The board needs a solid basis for the reserve line in the annual budget and wants something more defensible than a rough estimate.
Major projects are on the horizon
Roofs, façades, balconies, garages, boilers, chillers, paving, or seawalls are nearing the end of their useful life and the board wants a clear plan instead of surprise special assessments.
Lenders or buyers are asking questions
Especially in older condo buildings, lenders and buyers’ attorneys increasingly look at reserve balances and documentation, and a professional study can support project eligibility under Fannie Mae / Freddie Mac guidelines.
There has been a recent special assessment
The association has just levied a special assessment and wants to prevent a repeat by realigning dues with actual long-term needs.
Management or board leadership has changed
A new management company or board wants a clean, independent baseline instead of relying on assumptions buried in past budgets.
What a Connecticut reserve study company delivers
While each firm has its own format, most Connecticut reserve study companies provide:
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 (steady contributions vs. step increases vs. partial catch-up) so boards can choose the path that fits owner expectations and risk tolerance.
Board-ready PDF report
A report you can attach to budgets, share with owners, and provide to lenders or insurers.
Optional: working file / spreadsheet
Many firms also provide a working spreadsheet you can reference between formal updates.
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 Connecticut 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 Connecticut boards say
"Our association in West Hartford had never done a formal reserve study. Through PropFusion we compared three Connecticut firms, chose an engineer who understood older brick buildings, and came away with a 30 year plan our owners actually understood."
"One brief, multiple Connecticut proposals. We saved weeks of outreach and still ended up with better scope and pricing."
Connecticut HOAs and condos have requested proposals through our marketplace.
Vetted reserve study professionals covering communities across Connecticut
"PropFusion turned a messy spreadsheet into a clear reserve funding roadmap we revisit every budget season."
"Our coastal condo in Fairfield needed a study before balcony and roof work. The marketplace connected us with a firm that understood shoreline conditions and insurance expectations, and the report made it simple to justify higher contributions to our members."
Frequently asked questions
Are reserve studies legally required in Connecticut?
No. Connecticut law does not explicitly require HOAs or condos to commission a formal reserve study. What the law does require—especially for condominiums—is that budgets include adequate reserves for capital expenditures and that owners receive information on reserve amounts and how they are calculated. A professional reserve study is simply the best way to back up those numbers.
How often should Connecticut associations update their reserve study?
Because there is no statutory schedule, most boards follow industry best practice: a full onsite study every 3–5 years with lighter updates in between and an annual check during budget season. That keeps your reserve assumptions realistic as prices change and projects are completed.
How much do reserve studies typically cost in Connecticut?
Costs depend on size and complexity. Smaller townhome or single-family HOAs with limited common elements may see proposals in the low thousands for a full study. Larger, high-rise or amenity-heavy coastal condos will pay more. The most reliable way to know what is reasonable for your community is to request several proposals for the same scope and compare them side-by-side.
Can a reserve study help with lender and buyer requirements in Connecticut?
Yes. Lenders and buyers pay close attention to reserve funding, especially for condominiums. A well-prepared reserve study that shows adequate reserves and a credible funding plan can help support project eligibility under Fannie Mae / Freddie Mac guidelines and make buyers more comfortable with your building’s financial health.
How does PropFusion help Connecticut boards and managers compared with searching on their own?
Instead of calling firms one at a time, you submit a single project brief and receive multiple proposals from vetted reserve study companies that serve Connecticut. That saves time, gives you real price and scope comparison, and creates a clear paper trail showing you ran a competitive selection process before choosing a provider.
Get proposals from reserve study companies in Connecticut
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.
