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Snow-covered homes along a quiet suburban street in winter

Michigan Reserve Studies

Proposals from reserve study providers who work with Michigan condominium boards, from metro Detroit to the northern lakeshore.

Get a quoteWork out your 10 percent floor
10%
of the annual budget, the minimum reserve
R 559.511
the Michigan rule that sets it
Site condos
covered by the same rule

Start with the number Michigan already asks of you

An example. Type the budget your board adopted.

Michigan's minimum reserve figure

$25,000(10 percent)

Funded from regular assessments under Mich. Admin. Code R 559.511. Yearly payment or balance to hold? Ask the association's attorney.

The rule warns that 10 percent may prove inadequate. A study (CAI Reserve Study Standards) prices each common element and shows what your complex needs.

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What does a reserve study cost in Michigan?

A few thousand dollars for most associations. Size, building count and paving drive the fee.

Michigan reserve study cost in detail

CommunityFull study with site visit
Up to 80 condo units$1,500 to $6,000
80 to 200 condo units$3,000 to $10,000
More than 200 condo units$5,000 to $20,000
Update, no site visitoften under $1,000
Typical ranges, rounded. A guide, not a quote.

Which parts does a Michigan winter wear out first?

Ice dams, lake-effect snow and road salt are why Michigan studies dwell on roofs, paving and concrete.

Michigan law on condo reserves

  • Asphalt shingle roofsAbout 20 years
  • Asphalt drives and parking15 to 20 years
  • Aluminum guttersAbout 20 years
  • Wood decks and balconiesAbout 20 years
  • Concrete walks, steps and stoopsSet at the site visit
  • Seawalls and shoreline protectionSet at the site visit
Source: National Association of Home Builders, Study of Life Expectancy of Home Components (2007). House figures; Michigan winters can shorten them.

What happens after you ask for a quote?

One provider, and your say before they get your details. How we work.

  1. Tell us about the complex

    ZIP code, size and a way to reach you.

  2. We name one provider

    A provider covering your area, usually within a working day.

  3. You decide

    Say yes and it goes to them; say no and it goes nowhere.

  4. They send a proposal

    A fee and timetable, after reading your budget and master deed.

We cover the whole state, with local guides for metro Detroit, Grand Rapids and northern Michigan.

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Three short steps. The ZIP code and size of the community come first, then how to reach you, then two taps about your role and your last study.

Michigan Reserve Studies is a request service, not a reserve study provider. We choose one provider who works in your part of Michigan, tell you who it is, and pass on your request only when you say so. The provider pays us; you do not.

Step 1 of 3

Where is the association?
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