Reserve Study Companies in Rhode Island
Connect your Rhode Island HOA or condo association with vetted reserve study firms and get multiple proposals without spending weeks chasing providers.
Reserve study companies for Rhode Island HOAs and condos
Rhode Island may be small, but its communities face big decisions about roofs, façades, elevators, and parking lots. Through PropFusion, your board can quickly reach reserve study companies that know New England’s climate, project costs, and building types, and that already work with associations like yours across the state.
- Through PropFusion, you can connect with reserve study companies that already work with:
- Condo associations
- Single family HOAs
- Townhome communities
- Mixed use and master planned communities
- Coastal and historic properties across Rhode Island
Rhode Island reserve study requirements in plain language
Rhode Island does not currently mandate reserve studies or reserve funding for community associations, but best practice is to commission a professional study every 3 to 5 years and review it annually so the board can meet its fiduciary duty and avoid surprise special assessments.
Are reserve studies required by law in Rhode Island?
No. Rhode Island has no statutory requirement to conduct or fund reserve studies, but industry groups and many advisors strongly recommend them as part of prudent financial planning and board fiduciary duty.
How often should our Rhode Island association update a reserve study?
Most Rhode Island HOAs and condos treat reserve studies like a rolling plan: a full professional update every 3 to 5 years, with shorter annual reviews during budget season to adjust contributions and project timing.
If there is no law, why bother with a reserve study in Rhode Island?
Because lenders, buyers, and insurers care. A modern reserve study shows that your association is planning ahead, which can support property values, improve financing options, reduce the risk of special assessments, and document that the board is acting prudently even without a statutory mandate.
Types of reserve studies our Rhode Island 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.
Coastal and historic property reserve studies
Special focus studies for Newport, Narragansett, Providence, and other communities with coastal exposure or older historic structures where masonry, façades, and building envelopes need more nuanced assumptions.
Rhode Island coverage - from Providence to Newport and beyond
You do not need a different search for every city or town. PropFusion’s marketplace connects your board with reserve study firms that serve communities across Rhode Island and greater New England, so you can compare local and regional expertise in one place.
- Typical areas covered include:
- Providence metro: Providence, Cranston, Pawtucket, East Providence, North Providence
- Kent County suburbs: Warwick, West Warwick, East Greenwich, Coventry
- Aquidneck Island and Newport County: Newport, Middletown, Portsmouth, Jamestown
- South County and coastal communities: Narragansett, South Kingstown, Westerly, Charlestown
- Blackstone Valley and northern Rhode Island: Cumberland, Lincoln, Woonsocket, Central Falls
- Smaller HOAs and condo associations throughout the state, including self managed communities
When Rhode Island associations typically hire a reserve study company
Boards rarely order a reserve study just to “check a box.” Most Rhode Island associations hire a professional when one of these triggers hits.
Upcoming budget cycle
You are heading into budget season and want a clear, defensible funding plan instead of guessing at annual reserve contributions.
Major repairs on the horizon
Roof work, exterior painting, masonry repairs, paving, elevators, or mechanical systems are coming due and the board wants to spread costs over time rather than rely on emergency special assessments.
After big projects or storm damage
You have just completed a major project or handled storm related damage and need to re baseline reserve balances, timing, and contribution levels for the next decade.
Transition from developer to owners
Control is shifting from the developer to the association, and owners want an independent view of long term capital needs and whether initial funding was sufficient.
Financing, refinance, or buyer scrutiny
A lender, prospective buyer, or insurer is asking for current reserve documentation to evaluate the association’s financial health and the risk of deferred maintenance.
Long gap or incomplete documentation
The last study is outdated, incomplete, or lost, and the current board wants a clean starting point that reflects the property as it exists today.
What a Rhode Island reserve study company delivers
From first proposal to long term planning, PropFusion makes it easier for Rhode Island HOAs and condos to get quality reserve studies and turn them into actionable funding plans.
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.
Optional working file or spreadsheet
Many firms include a spreadsheet version of the funding plan so treasurers and managers can model small changes in contributions or project timing between formal updates.
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 Rhode Island 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 Rhode Island boards say
“We had not updated our reserve study in nearly ten years. Using PropFusion, we described our Warwick community once and got multiple proposals that explained scope, timing, and cost in plain language. The board could compare options side by side and pick a firm that understood New England weather and our owners’ tolerance for increases.”
“Within a week we had three reserve study proposals from firms that actually knew Rhode Island. It saved our board weeks of outreach and gave us real leverage on pricing.”
Rhode Island HOAs and condos have requested proposals through our marketplace.
vetted reserve study professionals covering communities across Rhode Island.
“As a small self managed condo in Pawtucket, we finally found an engineer who understood our older brick building and limited budget. The marketplace made it simple.”
“Our Newport condo needed a plan for future façade repairs and balcony work. Through the marketplace we connected with a team that works on coastal properties all over New England. Their study showed exactly when costs would hit and how to build reserves steadily so owners were not blindsided.”
Frequently asked questions
What are the reserve study requirements for Rhode Island HOAs and condos?
Rhode Island does not currently require associations to conduct or fund reserve studies by statute. Boards are still expected to act prudently, and a professional reserve study is widely recognized as the best way to document long term planning and reduce the risk of special assessments.
How often should a Rhode Island association update its reserve study?
Most professionals recommend a full study every 3 to 5 years, with shorter annual reviews during budget season to check whether contributions and project timing are still realistic in light of inflation and actual repair history.
Do we need a Rhode Island based reserve study company, or is New England regional experience enough?
A company does not need to be headquartered in Rhode Island, but it should regularly work in New England and understand local construction types, climate, and contractor pricing. In the marketplace you will see both Rhode Island specialists and regional firms so you can compare experience, scope, and fees.
How much do reserve studies typically cost in Rhode Island?
Costs vary with size and complexity. A smaller townhouse or single building condo may see proposals in the low thousands for a full study, while larger master planned or multi building communities will pay more. The only practical way to know if a quote is high or low is to compare multiple proposals for the same scope.
How does PropFusion’s marketplace work with reserve study companies?
Your board submits one short brief describing the community, governing documents, and timing. Multiple vetted reserve study firms review that brief and send proposals through the platform, letting you compare scope, credentials, and price side by side before you choose.
Does PropFusion charge Rhode Island communities for this service?
PropFusion does not add a markup to your reserve study proposal. The marketplace is free for boards to request and compare bids; you pay the provider you select according to the agreed scope and fee.
What happens after we complete a reserve study through the marketplace?
You receive a board ready report from your chosen provider, and key numbers are loaded into PropFusion so you can model funding paths, track upcoming projects, and stay on top of annual reviews instead of starting from scratch every budget season.
Get proposals from reserve study companies in Rhode Island
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.
