Reserve Study Companies in Illinois

12 reserve study companies serve Illinois HOAs and condominiums in this directory — 4 Illinois-area specialists plus 8 national providers. Every listing was checked against the firm's own website.

Last verified 2026-07-06

Does Illinois require a reserve study?Conditional

No statutory reserve-study requirement or cycle; 'any independent professional reserve study' is one of the five factors condo boards must take into consideration when determining reasonable reserves (765 ILCS 605/9(c)(2)).

Illinois reserve study requirements & statute citations

Illinois regional specialists

These 4 firms list Illinois in their stated coverage area. Local firms often understand your region's climate, building types, and state disclosure requirements best — start here.

Kipcon Inc.Regional specialist

HQ: North Brunswick, NJ · Est. 1983

Engineering firm founded by a leader in developing CAI's National Reserve Study Standards, serving communities from offices in New Jersey, Pennsylvania, New York, Boston, Florida, and the Great Lakes region.

Founder Mitchell H. Frumkin, PE, RS; Reserve Specialists, licensed professional engineers, and licensed inspectors on staff

Reserve studies (including trademarked Reserve Study+), structural integrity reserve studies (SIRS), transition studies, and engineering design services for community associations.

Building Reserves, Inc.Regional specialist

HQ: Park Ridge, IL

Park Ridge, Illinois firm led by a CAI Reserve Specialist that prepares customized reserve studies for condominiums, HOAs, and facilities in the Chicago area, Wisconsin, and Minnesota.

Founder/CEO Kevin Bobb holds the CAI Reserve Specialist (RS) designation and a B.S. in Mechanical Engineering from Marquette University, with 18 years of reserve study experience

Reserve studies, transition/defect studies, structural integrity reserve studies, insurance advisory reports, and preventative maintenance plans for condominiums, HOAs, and facilities.

Hardy EngineersRegional specialist

HQ: Chesterfield, MO · Est. 1986

Chesterfield, Missouri engineering firm (formerly Criterium-Hardy Engineers) that has provided reserve studies and structural evaluations for associations in greater St. Louis and Illinois since 1986.

Licensed Professional Engineers (PE) in Missouri and Illinois; ASHI Certified Inspectors and LEED Accredited Professionals on staff

HOA reserve studies with multiple funding scenarios (baseline, full funding, threshold), transition studies, and structural evaluations grounded in on-site engineering field assessments.

HQ: Lisle, IL · Est. 2007

Lisle, Illinois engineering consultancy established in 2007 that performs reserve studies with on-site field inspections for Chicagoland community associations and commercial properties.

Staff of qualified structural and mechanical engineers with over 40 years of combined engineering experience

Reserve studies including field inspection, cost projection, reserve fund assessment analysis, and report preparation using the baseline funding method.

National firms serving Illinois

These 8 firms state they serve associations nationwide, typically through regional offices. A national name isn't automatically the right pick — weigh them against the local specialists above.

HQ: Westlake Village, CA · Est. 1986

One of the industry's oldest and largest reserve study firms, operating regional offices across the United States with expertise the firm says covers properties nationwide and internationally.

Founder/CEO Robert Nordlund, PE, RS (#5); team page lists 12 RS (Reserve Specialist) designees plus additional PE credential holders

Full reserve studies, updates with or without site visit, a DIY reserve study kit, uPlanIt budgeting tool, consulting, and expert witness services for condos, HOAs, co-ops, and other facilities.

HQ: Milwaukee, WI · Est. 1991

Engineering-driven firm with roughly 15 regional offices across the United States and more than 37,000 reserve studies completed since 1991.

RS (Reserve Specialist), PRA, and PE credential holders on staff per team bios (e.g., Matt Kuisle, PE, PRA, RS); 60+ engineers

Reserve studies, structural integrity reserve studies (SIRS), insurance appraisals, preventative maintenance reports, and energy benchmarking/audits for HOAs, condos, high-rises, and private clubs.

HQ: Freeport, ME · Est. 1957

National consulting engineering franchise founded in 1957 with 30+ local offices spanning North America that has evaluated more than 850,000 buildings.

Every reserve study is conducted and/or reviewed by a licensed Professional Engineer (PE), per the firm's site; many of its engineers also hold CAI's RS (Reserve Specialist) designation

Engineer-performed reserve studies, transition studies, and construction monitoring for homeowner and condominium associations, with capital needs assessments and property condition reports offered through its commercial practice.

HQ: Annapolis, MD · Est. 2002

Annapolis-based capital reserve consultancy — begun in 1985 as R.J. Moore & Associates and established under the MillerDodson name in 2002 — serving clients throughout the United States, the Caribbean, and Mexico through its Maryland staff and a national network of Reserve Specialists.

RS (Reserve Specialist), AIA, NCARB, and AICP design-professional credentials held by analysts listed on the firm's specialist profiles

Capital reserve studies for community associations, resorts, golf communities, religious institutions, and educational facilities, plus presentation and educational seminars.

HQ: San Ramon, CA · Est. 1991

California-based firm reporting more than 50,000 reserve studies produced for over 3,000 communities nationwide since 1991.

PRA (Professional Reserve Analyst) and RS (Reserve Specialist) designations cited on the firm's site; helped establish APRA reserve study standards

Reserve studies and updates plus developer services such as DRE budgets and HOA maintenance manuals, alongside association management, bookkeeping, and election services.

HQ: San Diego, CA

Technology-forward reserve study provider whose site says associations and clubs nationwide use its platform, drawing on analysis of more than 20,000 reserve studies and over a half-million homes.

Site states on-site inspections are performed by credentialed reserve specialists (no specific RS/PRA designations named)

On-site reserve studies delivered through its Living Reserve Study platform, which keeps component inventories, costs, and funding plans continuously updated for associations and clubs.

HQ: North Las Vegas, NV · Est. 1982

One of the longest-running reserve study providers, preparing capital budgets and reserve studies for associations throughout the United States since 1982.

CEO Gary Porter, CPA, FMP, RS, RRC, RSS; additional RS and RSS designees among regional managers per the firm's team page

Reserve studies for condominium, homeowner, timeshare, high-rise, and master-planned associations, plus capital budgets, maintenance plans, and internet-based reserve software.

HQ: Hilliard, OH

Hilliard, Ohio reserve study and capital planning firm, connected to the Midwest Reserves LLC brand, that serves communities throughout Ohio and lists coverage across almost every US state.

Team includes engineers and credentialed Reserve Specialists (RS) through the Community Associations Institute (CAI); CAI business partner

Full reserve studies, updates with or without site visits, new-development reserve studies, in-house studies, capital planning, and consulting.

Questions to ask a Illinois reserve study firm

  • Credentials. Who signs the study, and do they hold the RS (Reserve Specialist) or PRA designation, or PE licensure? Verify the credential with the issuing body, not just the firm's site.
  • Illinois statute fluency. Ask how the study will satisfy Illinois's specific disclosure and funding rules — a firm that knows your state answers this without hesitation.
  • Site inspection scope. Is this a full study with an onsite visit, or an update from existing data? Confirm what is included before you compare prices.
  • Funding methodology. Ask whether they use the component (straight-line) or cash-flow method, and request a sample report so you can see how the funding plan is presented.

This directory is informational only — not an endorsement, ranking, or referral. Effortless HOA has no financial relationship with any listed firm and receives nothing if you hire one. Always verify credentials and coverage directly with the firm before you sign.

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