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Minnesota Reserve Studies

Quotes for your association's reserve study from providers who work in Minnesota, with the numbers explained before you ask.

Get a quoteSee a worked example
Snow-covered rooftops of a townhome community in winter

An illustrative 48-unit Twin Cities townhome association

Five shared components, the years they have left and the yearly set-aside that spreads each cost. Change the number of homes.

ComponentYears leftReplacement costSet aside each year
Asphalt shingle roofs9 of 25$432,000 to $624,000$48,000 to $69,333
Private drives and guest parking6 of 25$116,400 to $194,000$19,400 to $32,333
Siding and trim14 of 30$384,000 to $600,000$27,429 to $42,857
Concrete walks, stoops and steps11 of 30$62,400 to $105,600$5,673 to $9,600
Site lighting, mailboxes and entry sign7 of 25$28,000 to $45,000$4,000 to $6,429
Annual reserve contributionBefore inflation, interest and savings already held$104,501 to $160,552about $181 to $279 per home a month

Illustrative only: our assumptions, not provider prices, with lives inside the USDA useful life table. A guide, not a quote.

What a first study costs

A full study with a site visit, by community size. Updates cost less; a desk update is often under $1,000.

  • Under 50 homes$1,500 to $5,000
  • 50 to 150 homes$2,000 to $8,000
  • 150 to 300 homes$5,000 to $20,000

Typical national ranges, a guide, not a quote. Read the full cost guide

What Minnesota law asks of the board

The Minnesota Common Interest Ownership Act never says "reserve study". Section 515B.3-1141 asks for replacement reserves projected to be adequate and a reevaluation at least every third year. A study shows both.

How the MCIOA reserve rules work

Every third year

A three-year cycle: two years of budgets that fund the reserve plan, then a reevaluation of whether the reserves are adequate.Year 1Fund to the planYear 2Fund to the planYear 3Reevaluatenext reevaluation by2027

Counted by calendar year. The declaration or fiscal year can shift it; check with the association's attorney.

From request to proposal

We cover Minneapolis and St. Paul, the Twin Cities suburbs, and Duluth and Rochester.

How requests flow

  1. You describe the community

    ZIP code, home count and when reserves were last reviewed.

  2. We suggest a provider

    By the next weekday. Nothing is passed on until you agree.

  3. The provider scopes and prices it

    Level of study, visit date and fee, in writing.

Get a quote for your Minnesota community

Tell us where the community is, how big it is and when reserves were last looked at. A Minnesota provider can then price the right level of study rather than a guess.

This form goes to Minnesota Reserve Studies, a referral service rather than a study firm. We tell you which provider we suggest before anything is passed on, and only send your notes once you agree.

Step 1 of 3

Where is the community?
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