Building Reserves
Building Reserves is a privately held Illinois-based professional services firm that provides customized reserve studies, facility condition assessments, and 30-year capital planning reports for condominiums, homeowners associations, community associations, and other property types across the United States.
- Company typePrivate
- Founded2005
- HeadquartersPark Ridge, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Building Reserves does
Building Reserves is a privately held professional services firm headquartered in Park Ridge, Illinois, that specializes in customized reserve studies for property associations and facilities. Founded in 2008 and operating for nearly two decades, the company serves condominiums, homeowners associations, master associations, highrise and midrise condos, worship facilities, educational institutions, municipalities, private clubs, historic buildings, resorts, office condominiums, and camps/charitable organizations. The firm's primary buyers are HOA boards, condominium association leadership, and community association decision-makers seeking professional capital planning, reserve funding analysis, and compliance documentation. The company is led by founder Kevin Bobb and staffed with degreed engineers who partner with property management teams across the Eastern United States and beyond.
The firm's core offering is a tiered Reserve Study service (Levels I through IV) ranging from full on-site inspections and component inventories to lower-cost update engagements and pre-construction studies. Engineers conduct hands-on facility condition assessments, document component conditions with photographs, estimate remaining useful life based on direct observation rather than standardized charts, and produce 30-year cash flow analyses presented in 5-year increments. The firm uses a proprietary "Building Reserves Priority Score and Priority Rating System" developed over its operational history, and delivers reports as PDF documents paired with modifiable Excel spreadsheets that allow boards to model what-if funding scenarios. Additional offerings include Transition/Defect Studies, a trademarked Preventative Maintenance Blue-Print™, Insurance Advisory Reports for fair market valuation, and Structural Integrity Reserve Studies (SIRS) addressing state-mandated reserve funding requirements.
Building Reserves operates a sales-led, project-based business model with custom pricing determined by property size, complexity, and service level. Proposals are free and carry no obligation. Client acquisition flows through the company website, direct outreach, webinars, and a deep channel of property management partners including Associa, FirstService Residential, RealManage, McKenzie Management, Gassen, Hillcrest, Sudler, Red Brick, Westward360, NWP, and Cedar Management Group. The company holds a visible partnership with the Community Associations Institute (CAI) and supports lead nurturing through educational webinars, blog content, LinkedIn, YouTube, and email newsletters. Revenue is not publicly disclosed, no funding rounds have been reported, and the company operates as an independent, management-owned entity.
Building Reserves firmographics
Firmographics- Name
- Building Reserves
- Legal name
- Building Reserves Inc.
- Website
- https://buildingreserves.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Building Reserves is a privately held Illinois-based professional services firm that provides customized reserve studies, facility condition assessments, and 30-year capital planning reports for condominiums, homeowners associations, community associations, and other property types across the United States.
- Ownership category
- akta.pro rank
Where Building Reserves is headquartered
LocationHeadquarters
- HQ city
- Park Ridge
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Building Reserves business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Reserve Study Services: Professional reserve study services provided by degreed engineers including on-site inspections, component inventory, condition assessment, remaining useful life estimates, and 30-year financial projections. Multiple service levels (Level I through Level IV) with varying degrees of site inspection and analysis depth.
- Service Packages (Level I - Level IV): Tiered service offerings including Full New Study (Level I with full inspection), Update Study with Site Inspection (Level II), Update Without Site Inspection (Level III), and Pre-Construction Study (Level IV). Transition/Defect Study available as a separate service.
- Add-On Services: Additional fee services including Preventative Maintenance Blue-Print, Insurance Advisory Reports, and other supplementary analyses that complement the core reserve study offering.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Free proposal with no obligation |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels8 records
Building Reserves product offering
Product offeringCore offering
Building Reserves provides professional reserve study and capital planning services for condominiums, community associations, and facilities. Degreed engineers conduct on-site facility condition assessments and produce customized reports containing a 30-year cash flow analysis, a proprietary Priority Score rating system, and a modifiable Excel spreadsheet for budgetary scenario planning. The firm also offers Transition/Defect Studies, Preventative Maintenance Blue-Prints, Insurance Advisory Reports, and Structural Integrity Reserve Studies as standalone or add-on engagements.
Product overview
Building Reserves offers a suite of professional reserve study services for condominiums, community associations, and facilities. The core offering is the Reserve Study, a long-term capital budget planning tool that combines facility condition assessments with financial analysis to provide 30-year funding recommendations. Additional services include Transition/Defect Studies for identifying construction deficiencies, Preventative Maintenance Blue-Print™ as an add-on for routine maintenance guidance, Insurance Advisory Reports for property valuation, and Structural Integrity Reserve Studies (SIRS) for compliance with state requirements. The company provides four service levels: Level I (Full New Study) as the most comprehensive option, Level II (Update with Site Inspection), Level III (Update Without Site Inspection), and Level IV (Pre-Construction Study). Reports are delivered as PDF documents with embedded Excel spreadsheets for budgetary planning and scenario analysis.
Differentiator
Problem solved
Functional benefit
Brands
- Preventative Maintenance Blue-PrintTM: A preventative maintenance plan service providing guidelines for conducting routine maintenance on equipment and assets to keep them in good condition and avoid failure.
Products and services
- Reserve Study A long-term capital budget planning tool that provides an in-depth analysis of a property's physical condition and evaluates the financial health of reserve funds, including a detailed component inventory with quantities, ages, conditions, and useful lives, along with 30-year cash flow analysis and funding recommendations for HOAs, condominiums, and community associations.
- Transition/Defect Study Identifies design deficiencies and material defects at a property, helping associations address construction issues before or during transition from developer control; targeted at condominium associations undergoing developer-to-association transition.
- Preventative Maintenance Blue-Print™ A set of guidelines for conducting routine maintenance on equipment and assets to keep them in good condition and avoid failure, available as an add-on service to complement core reserve study engagements.
- Insurance Advisory Report An independent evaluation of the existing insured value for the subject property's common area that assists associations in determining fair market valuation for insurance purposes.
- Structural Integrity Reserve Study (SIRS) A reserve study focused on structural integrity requirements, helping associations comply with state laws (e.g., Florida) and ensuring funding is present for critical structural repairs.
- Level I — Full New Study The most comprehensive service level including pre-inspection meeting, full on-site inspection, property document analysis, satellite imagery, reserve component inventory with measurements, photographic condition verification, customized engineering narrative, and a complete electronic report with Excel spreadsheet.
- Level II — Update Study With Site Inspection An update to an existing reserve study that includes on-site inspection to verify current conditions and re-assess component remaining useful life.
- Level III — Update Without Site Inspection A cost-effective reserve study update without a physical site visit, using existing data updated with client-reported information and current cost estimates.
- Level IV — Pre-Construction Study A reserve study designed for properties preparing for upcoming construction projects, helping plan funding for planned improvements.
Quantifiable outcome
- Minnesota condo used reserve study updates to fund $2M+ in upgrades and stay on budget with no special assessments required
- +2 more outcomes
Companies that use Building Reserves
Customer profileNamed customers9 records
Segments11 records
Ideal customer profiles2 records
Building Reserves technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Building Reserves partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Community Associations Institute (CAI)moderateBuilding Reserves displays the Community Associations Institute (CAI) asset/logo on their website footer, indicating membership and partnership with the leading industry organization for community associations. CAI is a prominent association providing education, resources, and advocacy for HOA and condo community professionals.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Building Reserves competitors and assessment
Company assessmentDirect peers
- Association Reserves: One of the largest and most well-known national reserve study firms in the US, providing reserve studies for HOAs, condominiums, and cooperatives. Directly competes with Building Reserves across the same customer segments and service tiers.
- Reserve Advisors: National reserve study consulting firm offering full and update reserve studies to community associations, country clubs, and religious facilities. A near-direct competitor in the same niche professional services category.
- Criterium Engineers: Engineering firm network providing reserve studies, transition studies, and property condition assessments for HOAs and community associations. Competes directly with Building Reserves with a similar engineer-led service model.
- Reserve Study Solutions: Smaller regional reserve study provider serving HOAs, condominiums, and community associations. A direct niche competitor to Building Reserves with comparable service offerings.
- Reserve Fund Studies Inc. Independent reserve study firm serving community associations and cooperatives across multiple US states. Direct competitor to Building Reserves with similar mid-market positioning.
Broad incumbents
- EBI Consulting: National engineering and consulting firm offering property condition assessments, reserve studies, and due diligence services. Larger and broader portfolio, but with material overlap in HOA/condo reserve study work.
- Partner Engineering and Science: Large national engineering due diligence firm providing property condition assessments and reserve fund studies for commercial and residential real estate. Competes with Building Reserves in the reserve study/PCA space but at a much larger scale.
- Lerch Bates: Building envelope and property consulting firm offering reserve studies, transition studies, and capital planning for high-rise residential and commercial buildings. Adjacent competitor with broader service portfolio.
- Rider Levett Bucknall (RLB): Global construction consulting and property advisory firm providing cost management and capital planning services. Larger incumbent with some overlap into reserve/capital planning for HOAs and large properties.
Emerging players
- Watson Engineering: Engineering firm offering property inspections and reserve study services for community associations and commercial properties. A smaller, regional player with comparable deliverables to Building Reserves.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Building Reserves social profiles
Digital presenceBuilding Reserves financial estimates
Financial estimateRevenue estimate
Valuation estimate
Building Reserves leadership team
Management profileNumber of profiles
Profiles2 records
Building Reserves funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Building Reserves M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Building Reserves
What does Building Reserves do?
Building Reserves provides professional reserve study and capital planning services for condominiums, community associations, and facilities. Degreed engineers conduct on-site facility condition assessments and produce customized reports containing a 30-year cash flow analysis, a proprietary Priority Score rating system, and a modifiable Excel spreadsheet for budgetary scenario planning. The firm also offers Transition/Defect Studies, Preventative Maintenance Blue-Prints, Insurance Advisory Reports, and Structural Integrity Reserve Studies as standalone or add-on engagements.
Is Building Reserves a public or private company?
Building Reserves is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Building Reserves founded?
Building Reserves was founded in 2005. It employs 11 to 50 people.
Where is Building Reserves based?
Building Reserves is headquartered in Park Ridge, United States, in the North America region.
How does Building Reserves make money?
Three revenue lines are on record. Reserve Study Services are the primary driver. The others are service Packages (Level I - Level IV) and add-On Services.
Who are Building Reserves's main competitors?
Direct peers on record are Association Reserves, Reserve Advisors, Criterium Engineers, Reserve Study Solutions and Reserve Fund Studies Inc.. Broad incumbents are EBI Consulting, Partner Engineering and Science, Lerch Bates and Rider Levett Bucknall (RLB). Watson Engineering is listed as an emerging player.
Does Building Reserves have an API?
No public API is recorded for Building Reserves.