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Reserve Study Companies in Seattle

Most of Washington’s condominiums are in the three Puget Sound counties, and Washington is one of the states that writes the study cycle into law. 6 firms are based in the Seattle area, 6 more work in Washington, and 7 national firms cover it.

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Associations in the Seattle area

Downtown Seattle, Belltown and South Lake Union have the towers; Capitol Hill, Ballard, Fremont and Bellevue have mid-rise wood-frame condominiums; and the suburbs from Everett and Lynnwood to Kent and Tacoma have townhome and single-family HOAs. A good part of the older stock dates from the 1980s and 1990s.

Washington’s yearly update and three-year site visit

Under RCW 64.90.545, an association under the Washington Uniform Common Interest Ownership Act must update its reserve study every year and have a reserve study professional update it with a visual site inspection at least every third year. Condominiums and HOAs formed under the older acts (RCW 64.34 and 64.38) have their own reserve study provisions, so ask the firm which statute it is working to. In the wet Puget Sound climate the building envelope, meaning siding, windows, decks and roofs, usually drives the largest reserve items.

6

firms on our list with an office in the Seattle area.

19

firms on our list state that they work in Washington, national firms included.

every 3 years

is the Washington study cycle in statute.

Firms based in the Seattle area

Facts read from each firm's website or a public register. No ratings, no paid placements.

Reserve study firms based in the Seattle area
FirmBased inWorks inCredentials statedServices
A Sound Reserve Plansoundreserveplan.comTacoma, WAWashingtonRS, RAreserve study
Bach Associates (David Bach & Associates)bachassociates.comBellevue, WAWashingtonRSreserve study
Criterium-Pioli/Rowe Engineerscriterium-pioli-rowe.comBothell, WAWashingtonPEreserve study, transition study
Reserve Consultants LLCreserveconsultants.netEdmonds, WAWashingtonNot statedreserve study
Reserve Studies NWreservestudiesnw.comRenton, WAWashingtonNot statedreserve study
Samdal & Associatessamdalassociates.comWoodinville, WAWashingtonNot statedreserve study, property condition assessment

Other firms working in Washington

Based elsewhere, and stating on their own sites that they work in Washington.

Reserve study firms serving Washington
FirmBased inWorks inCredentials statedServices
Advanced Reserve Solutionsarsinc.comLaguna Hills, CACalifornia, Idaho, Washington, MontanaRSreserve study
Criterium-Pfaff Engineerscriterium-pfaff.comSpokane, WAWashingtonPEreserve study, transition study
Facilities Advisorsfacilitiesadvisors.comNot stated9 states, including WashingtonRSreserve study, capital planning
North Star Reservesnorthstarreserves.comNot stated6 states, including WashingtonNot statedreserve study
Pacific Crest Reservespaccrestreserves.comAnacortes, WAWashingtonNot statedreserve study, capital needs assessment
Regenesis Reservesregenesisreserves.comMedford, OROregon, WashingtonPRA, APRA memberreserve study

National firms

Each states on its own site that it works in all fifty states.

National reserve study firms serving Seattle
FirmBased inWorks inCredentials statedServices
Apex Reserve Groupapexreservegroup.comIrvine, CAAll 50 statesNot statedreserve study
Association Reservesreservestudy.comNot statedAll 50 statesRS, PEreserve study
Global Solution Partnersglobalsolutionpartners.comNot statedAll 50 statesRS, PEreserve study, SIRS, insurance appraisal, transition study, capital planning
MillerDodson Associatesmillerdodson.comAnnapolis, MDAll 50 statesNot statedreserve study, transition study
Reserve Advisorsreserveadvisors.comMilwaukee, WIAll 50 statesNot statedreserve study, SIRS, insurance appraisal
Reserve Data Analysisreservedataanalysis.comNot statedAll 50 statesNot statedreserve study, SIRS
The Falcon Groupthefalcongroup.usWarren, NJAll 50 statesRS, PRAreserve study, SIRS, transition study, capital planning

Distance and the fee in Seattle

More firms on our list are based around Puget Sound than in almost any other metro, in Seattle’s suburbs from Edmonds and Bothell to Renton and Tacoma, so travel is rarely a cost. San Juan Islands and Kitsap Peninsula associations may pay for the ferry.

Proposals from firms in different cities will differ on the level of service and the travel line before they differ on the fee. Comparing proposals sets out what to read first, and the firms near you page explains how distance is priced.

More in Washington

Tell us the association's ZIP code and size and we will find a firm that works in Seattle.

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What Washington law says

Washington is one of the states that writes a reserve study into law. Under RCW 64.90.545; 64.90.550 (older communities: RCW 64.34.380, 64.38.065), associations must have a study updated annually; update with visual site inspection by a reserve study professional at least every third year; the rule applies to common interest communities under WUCIOA (RCW 64.90); exemptions for nonresidential communities, nominal reserve costs, certain middle housing, and where cost exceeds 10 percent of the annual budget. Pre-2018 condos and HOAs fall under 64.34/64.38 (CAI describes these as encouraged).

The statute also says who may do the work: Initial study and every-third-year update by a reserve study professional. Ask a firm to confirm, in its proposal, that the person signing the report meets that test.

On disclosure: Study must show percent funded, 30-year projections and per-unit deficit or surplus, and carry a statutory warning. Public offering statement includes the current study or a no-study disclosure (per CAI).

Study levels defined in 64.90.550: Level I full, Level II update with site inspection, Level III update without site inspection.

General information checked against the statute, not legal advice. Governing documents can require more than the law does.

Questions from boards in Seattle

Who counts as a reserve study professional in Washington?

RCW 64.90 defines the term; in practice boards look for a Reserve Specialist (RS) or Professional Reserve Analyst (PRA), or a licensed engineer or architect who prepares reserve studies. Ask the firm to name the person who will sign the report and the credential they hold.

What does a Washington reserve study have to include?

RCW 64.90.550 sets out the contents, including the reserve components with their useful lives and costs, the reserve balance and a funding plan, and defines Level I, II and III studies. The text is on the Washington Legislature’s site.

Is a reserve study required in Washington?

Washington law requires a reserve study: updated annually; update with visual site inspection by a reserve study professional at least every third year (RCW 64.90.545; 64.90.550 (older communities: RCW 64.34.380, 64.38.065)). The text is on the legislature's site.

What does a reserve study cost in Seattle?

Firms price each association by the work, not the city: buildings, component count, level of service and travel. A community of 50 to 150 units usually pays $2,000 to $8,000 for a full study with a site visit, and an update with a visit is about 50 to 80 percent of a full study. The cost page has the estimator.

Where this information comes from

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