Reserve Study Companies in Maryland
Connect with vetted reserve study professionals serving Maryland HOAs, condominiums, and co-ops. Get multiple proposals that meet Maryland House Bill 107 requirements and help you build a realistic funding plan.
Find a Maryland reserve study company you can trust
Compare qualified engineering and reserve study firms that understand Maryland’s new reserve study and funding laws, local construction costs, and the five-year update requirement.
- Through PropFusion, you can connect with reserve study companies that already work with:
- Condominiums
- HOAs
- Townhome communities
- Mixed-use buildings
- Master-planned and waterfront communities
Maryland reserve study requirements in plain language
Maryland House Bill 107 extends reserve study and funding requirements statewide: most condos, co-ops, and HOAs with significant common elements must complete a professional reserve study and update it at least every five years, then fund reserves in line with that study.
Who is required to have a reserve study in Maryland
Most residential condominiums, co-ops, and HOAs that are responsible for common area components over a defined cost threshold must complete an independent reserve study; very small communities with common elements under 10,000 dollars are generally exempt.
How often must Maryland associations update their reserve study
Maryland law requires eligible communities to update their reserve study at least every five years so the component list, costs, and funding plan stay current.
Does Maryland require funding according to the reserve study
Recent legislation requires budgets to include reserve contributions in accordance with the reserve study and for associations to adopt a funding plan, with limited hardship relief available by owner vote.
Types of reserve studies Maryland 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 studies when you need deeper insight into specific systems like roofs, siding, balconies, parking areas, or coastal exposure. Ideal for Maine properties facing recurring winter damage, salt spray, or major repair programs.
Maryland-wide coverage from Western Maryland to the Eastern Shore
Our vetted reserve study professionals serve communities across Maryland, from dense urban high-rises to coastal and lakeside associations.
- Typical areas covered include:
- Baltimore and the greater Baltimore metro
- Washington suburbs in Montgomery and Prince George’s Counties
- Annapolis, Anne Arundel County, and Chesapeake Bay communities
- Frederick, Hagerstown, and Western Maryland
- Columbia, Ellicott City, Rockville, Gaithersburg, and Germantown
- Southern Maryland communities in Charles, Calvert, and St. Mary’s Counties
- Eastern Shore, Salisbury, and Ocean City resort communities
When Maryland associations typically hire a reserve study company
Key moments when boards and managers bring in a professional reserve analyst.
You need to comply with HB 107 on time
Your condo, co-op, or HOA needs an initial or updated reserve study to meet Maryland’s statewide requirement and avoid falling behind the five year update cycle.
A major project is on the horizon
Roofs, façades, elevators, garages, bulkheads, or marina structures need replacement soon and the board wants to confirm that reserves and planned contributions will cover the work.
You are preparing for developer turnover
A new association is approaching transition from developer control and needs an independent reserve study to confirm component scope, funding levels, and any shortfalls at handover.
Your reserves are underfunded or unclear
Past boards did not follow a consistent funding strategy, and you need an objective study that clarifies the gap between current reserves and what Maryland standards expect.
You are refinancing, selling units, or responding to lenders
Lenders, buyers, and insurers increasingly expect current reserve studies in Maryland; a professional report strengthens disclosure packages and supports smoother transactions.
What a Maryland 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.
Maryland compliant budget and disclosure support
Numbers and tables that translate directly into annual budgets and board disclosures, aligned with Maryland Condominium and Homeowners Association Acts and HB 107 expectations.
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 Maryland 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 Maryland boards say
“As a manager of multiple communities around Annapolis, I like that I can request proposals for different properties in one place and keep track of every reserve study date.”
“PropFusion helped us compare three reserve study firms for our Baltimore condo and meet the new five year deadline without drama.”
Maryland HOAs and condos have requested proposals through our marketplace.
vetted reserve study professionals covering communities across Maryland.
“Our townhome HOA in Germantown had no clear funding plan before HB 107. The company we hired through the marketplace gave us a clear, realistic roadmap we could explain to owners.”
“We manage a mix of condo and HOA communities on the Eastern Shore. Having vetted Maryland reserve specialists and a single reserve planning dashboard has made compliance and board education much easier.”
Frequently asked questions
How soon do we need our first reserve study if we have never done one
If your community has not had a study done since the law’s reference dates, you are required to complete an initial reserve study by the statutory deadline and then update it every five years. If you are unsure where you fall, our Maryland law guide and partner professionals can help interpret your situation.
Do we have to fully fund the reserves exactly as shown in the study
Maryland now expects budgets to fund reserves in accordance with the reserve study and to adopt a funding plan, but there is a hardship mechanism that can temporarily relax full funding with a supermajority owner vote; boards should discuss specifics with legal counsel.
Can we use a reserve study company that is not based in Maryland
Yes, as long as the preparer meets Maryland’s qualification standards and understands local construction costs and HB 107 requirements. Many of our vetted firms serve Maryland from nearby regional offices and regularly work with Maryland community associations.
How much does a reserve study cost in Maryland
Typical reserve studies in Maryland range from a few thousand dollars for small communities to well over ten thousand dollars for large, complex properties, depending on size, building type, and scope of common elements. Our marketplace lets you compare pricing and scope across multiple firms before you decide.
How does PropFusion fit into the reserve study process
You use our marketplace to request proposals from vetted Maryland reserve study companies, select the right firm, then optionally use PropFusion’s online workspace to track updates, store reports, and model funding scenarios between your required five year updates.
Get proposals from reserve study companies in Maryland
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.
