Serving Tennessee
Reserve Studies in Tennessee
Professional Reserve Study Services for Condominium Associations, Homeowners Associations (HOAs), Resorts, Commercial Properties, Municipalities, and Nonprofit Organizations Throughout Tennessee.
Helping communities in the Volunteer State stay in harmony. Reserve planning that hits all the right notes.
From the energy of Nashville and the growing communities surrounding Franklin and Murfreesboro to the scenic mountain properties of Knoxville, Gatlinburg, Pigeon Forge, and Chattanooga, Tennessee offers a diverse mix of residential communities, condominium developments, resorts, commercial properties, and mixed-use destinations.
Continued growth throughout Nashville, Memphis, Knoxville, Chattanooga, Clarksville, Franklin, Murfreesboro, Hendersonville, Johnson City, Kingsport, and communities across East, Middle, and West Tennessee is creating new development while established properties face increasing maintenance and capital-planning responsibilities.
Global Solution Partners provides Reserve Studies, Insurance Appraisals, Property Condition Assessments, and Engineering Services throughout Tennessee. We help association boards, community managers, property owners, and organizational leaders understand the condition of their physical assets, anticipate major repair and replacement expenses, and develop practical long-term funding strategies.
What Does a Reserve Study Include?
Tennessee properties experience environmental and seasonal conditions that can affect the useful life of common-area assets.
Communities throughout the state must prepare for:
- Hot, humid summers
- Temperature fluctuations
- Freezing and thawing cycles
- Heavy rainfall
- Severe thunderstorms
- High winds
- Tornado exposure
- Flash flooding
- Ice and occasional snow
- Mountain terrain and drainage challenges
- High visitor use in resort communities
These conditions can contribute to roofing deterioration, pavement cracking, drainage problems, exterior coating failure, moisture intrusion, erosion, retaining-wall movement, and increased wear on mechanical systems.
Mountain properties near Gatlinburg, Pigeon Forge, Sevierville, and the Great Smoky Mountains may also maintain steep roadways, retaining walls, drainage systems, cabins, pools, recreational facilities, and other assets affected by elevation, terrain, weather, and tourism-related use.
A Reserve Study helps boards identify these long-term needs before they become urgent or financially disruptive.
Are Reserve Studies Required in Tennessee?
Tennessee law includes reserve-study requirements for most condominium associations governed by the Tennessee Condominium Act of 2008.
Under Tennessee Code § 66-27-403, qualifying unit owners’ associations must conduct or update a Reserve Study when statutory conditions apply. The law generally addresses condominium associations responsible for common elements with an aggregate replacement cost exceeding $10,000. Qualifying associations must update their Reserve Study at least once every five years and review reserve funding annually.
Tennessee law defines a Reserve Study as an analysis prepared according to nationally recognized standards by a qualified Reserve Specialist, engineer, architect, or similarly credentialed professional. The study evaluates the remaining useful life and estimated replacement cost of common elements and helps determine the amount that should be maintained in reserves to reduce the need for special assessments.
The requirements do not necessarily apply to every Tennessee condominium or traditional homeowners association. Applicability may depend on when the condominium was created, the governing statute, the value of the common elements, and other circumstances. Associations should consult their legal counsel to determine their specific obligations.
Why Tennessee Associations Choose Global Solution Partners
Tennessee continues to attract new residents, businesses, retirees, and visitors with its growing metropolitan areas, expanding suburban communities, scenic mountain destinations, and vibrant tourism centers. From Nashville, Franklin, Murfreesboro, and Clarksville to Memphis, Knoxville, Chattanooga, Gatlinburg, Pigeon Forge, and the Tri-Cities, community associations face the ongoing responsibility of maintaining aging infrastructure while planning for future capital improvements.
Association boards, community association managers, municipalities, and nonprofit organizations throughout Tennessee rely on Global Solution Partners for professional Reserve Studies, Insurance Appraisals, Property Condition Assessments (PCAs), and Engineering Services designed to support long-term capital planning.
Our team combines nationwide experience with local understanding, utilizing qualified field specialists who are familiar with Tennessee’s diverse building types, environmental conditions, terrain, and maintenance challenges. Whether your community is located in Middle Tennessee, the Appalachian Mountains, the Great Smoky Mountains, the Tennessee Valley, or the Memphis metropolitan area, we deliver practical recommendations that support informed long-term capital planning.
Global Solution Partners has completed thousands of Reserve Studies throughout the United States. Every Reserve Study is overseen by a CAI Certified Reserve Specialist (RS) and prepared in accordance with the CAI National Reserve Study Standards, providing associations with reliable guidance for long-term capital planning and reserve funding.
Condos in Johnson City, TN
HOA Community in Nashville, TN
Townhomes in Memphis, TN
Communities We Have Served in Tennessee
Global Solution Partners has completed Reserve Studies for a wide range of condominium associations, homeowners associations (HOAs), resorts, commercial properties, municipalities, places of worship, and nonprofit organizations throughout Tennessee. Our experience includes properties across Nashville, Franklin, Brentwood, Murfreesboro, Clarksville, Memphis, Knoxville, Chattanooga, Gatlinburg, Pigeon Forge, Sevierville, Johnson City, Kingsport, Bristol, and surrounding communities throughout Middle, East, and West Tennessee.
From growing metropolitan and suburban communities to mountain resorts, vacation properties, townhome developments, and commercial facilities, we provide comprehensive long-term capital planning solutions designed to help Tennessee associations and property owners prepare for future repair and replacement expenses.
Here are just a few of the Tennessee communities and properties we have served:
- Belle Arbor – Nashville, TN
- Hedrick Place – Nashville, TN
- Sanbyrn Hall – Murfreesboro, TN
- Carriage Parke Homeowners’ Association, Inc. – Murfreesboro, TN
- Pecan Grove Condominiums – Memphis, TN
- Fountain Pointe Homeowners’ Association – Memphis, TN
- Hayden Hill HOA – Knoxville, TN
- Franklin Station – Knoxville, TN
- Stockyard Homeowners Association – Chattanooga, TN
- Gabriel’s Crossing HOA – Johnson City, TN
- Sterling Square HOA – Johnson City, TN
- Center Owners Association – Tower 1 – Bristol, TN
Reserve Study Experience with Associations and Managers
See what community managers and board members have said about working with Global Solution Partners.
Everything went smoothly and the responsiveness was so quick. My board was happy with the service too!
You have wonderful customer service. Out of all of the companies I have worked with, you guys are really good.
Everything was great! This is helpful for managers to bring to board meetings and use as a reference but not necessary since PDFs are provided via email.
Property Types We Serve
Global Solution Partners provides Reserve Studies for a wide range of association and commercial property types throughout Tennessee.
Homeowners Associations and Condominium Associations
Tennessee is home to over 5,500 condominium associations, homeowners associations (HOAs), master-planned communities, townhome developments, gated neighborhoods, active adult communities, and mixed-use developments containing approximately 310,000 homes with 757,000 residents. As the state's population continues to grow, community associations throughout Tennessee are managing aging infrastructure while planning for future capital improvements and reserve funding. Global Solution Partners provides professional Reserve Studies throughout Nashville, Franklin, Brentwood, Murfreesboro, Clarksville, Memphis, Knoxville, Chattanooga, Johnson City, Kingsport, Bristol, Gatlinburg, Pigeon Forge, Sevierville, and communities across Middle, East, and West Tennessee. Our studies help association boards establish long-term reserve funding strategies, prepare for major capital expenditures, and protect property values for years to come.
Resorts and Timeshare Properties
From the mountain resorts, cabin communities, and vacation destinations surrounding Gatlinburg, Pigeon Forge, Sevierville, and Dollywood to destination hotels, golf communities, conference centers, and entertainment districts in Nashville, Memphis, Chattanooga, and Knoxville, Tennessee offers one of the Southeast's most diverse hospitality markets. Global Solution Partners has extensive experience providing Reserve Studies for resorts, vacation ownership properties, cabin and mountain resort communities, hotels, timeshares, and mixed-use hospitality developments, helping owners plan for future repairs, replacements, and capital improvements while maintaining exceptional guest experiences. We are proud to serve as a preferred Reserve Study provider for Marriott Vacations Worldwide.
Commercial and Nonprofit Organizations
Beyond community associations, Global Solution Partners provides professional Reserve Studies, Property Condition Assessments (PCAs), Insurance Appraisals, and long-term capital planning services for commercial properties, municipalities, places of worship, schools, and nonprofit organizations throughout Tennessee. Our experience includes office buildings, retail centers, mixed-use developments, industrial facilities, healthcare campuses, churches, educational facilities, parks, community centers, municipal buildings, and recreational campuses. Our studies help property owners, developers, investors, property managers, municipalities, and nonprofit organizations anticipate future repair and replacement costs, extend the useful life of building systems and infrastructure, support responsible budgeting, and protect the long-term value and functionality of their facilities.
Frequently Asked Questions
Why are Reserve Studies especially important for Tennessee mountain and resort communities?
Communities throughout Gatlinburg, Pigeon Forge, Sevierville, and other mountain destinations often maintain amenities and infrastructure that require ongoing capital planning. These may include:
- Private roads
- Retaining walls
- Stormwater drainage systems
- Clubhouses
- Swimming pools
- Cabin exteriors
- Bridges
- Walking trails
- Parking areas
- Recreational facilities
Steep terrain, heavy rainfall, freeze-thaw cycles, and high visitor traffic can accelerate wear on these components. A Reserve Study helps associations prepare financially for future repairs and replacements while protecting property values.
Can a Reserve Study help Tennessee communities prepare for severe weather?
Tennessee experiences:
- Tornadoes
- Severe thunderstorms
- Heavy rainfall
- Flash flooding
- Ice storms
- Wind damage
- Freeze-thaw cycles
A Reserve Study helps boards anticipate how these environmental conditions may affect roofing, pavement, retaining walls, drainage systems, exterior finishes, and other common-area assets.
Why should communities in Tennessee obtain a Reserve Study?
- Support responsible governance, fiduciary responsibilities, and legal compliance.
Board members have a fiduciary duty to responsibly manage their association’s financial resources and plan for future capital expenditures. Certain Tennessee condominium associations are also subject to Reserve Study requirements under the Tennessee Condominium Act. In addition, lenders, insurers, prospective buyers, and homeowners increasingly review reserve funding as part of evaluating the financial health of a community. - Protect property values.
Well-maintained communities typically enjoy stronger property values and greater homeowner satisfaction. A professionally prepared Reserve Study provides a long-term financial roadmap that helps associations maintain buildings, amenities, and infrastructure while reducing the risk of deferred maintenance. - Develop a long-term repair and replacement plan. A Reserve Study identifies the association’s major common-area components, estimates their remaining useful life, and projects future repair and replacement costs. This allows boards to prioritize projects, budget appropriately, and make informed decisions years in advance.
- Reduce the likelihood of special assessments and loans.
Unexpected repairs can place a significant financial burden on homeowners. By establishing appropriate reserve funding based on a professional Reserve Study, associations can better prepare for future capital expenses and minimize the need for special assessments or borrowing. - Promote fair and equitable reserve funding.
Proper reserve funding helps ensure that both current and future homeowners contribute their fair share toward the long-term maintenance of the community. Adequately funded reserves help avoid shifting financial responsibility from one generation of owners to another.
What components are included in a Reserve Study?
A Reserve Study evaluates the common-area components an association is responsible for maintaining. Depending on the property, these components may include:
- Roof systems
- Building exteriors
- Exterior painting
- Waterproofing systems
- Elevators
- Swimming pools
- Clubhouses
- HVAC systems
- Plumbing systems
- Electrical systems
- Asphalt roads and parking areas
- Sidewalks and retaining walls
- Site lighting
- Security and access control systems
- Recreational amenities
The components included vary depending on the association’s governing documents and maintenance responsibilities.
Are Reserve Studies required for condominium associations in Tennessee?
The Tennessee Condominium Act requires condominium associations with common elements having an aggregate replacement cost exceeding $10,000 to have completed a Reserve Study by January 1, 2025, and to update the study at least every five years.
The Reserve Study must be completed in accordance with CAI National Reserve Study Standards by a CAI-credentialed Reserve Specialist, a licensed engineer, or a licensed architect.
Even when a Reserve Study is not legally required, it remains one of the most effective tools for planning future capital repairs, establishing appropriate reserve funding, and supporting responsible financial stewardship.
Do cabin communities and vacation developments need Reserve Studies?
Many cabin communities, planned developments, and vacation properties throughout Gatlinburg, Pigeon Forge, Sevierville, and the Great Smoky Mountains maintain shared infrastructure such as private roads, retaining walls, stormwater systems, pools, clubhouses, and recreational amenities.
Although not every community is legally required to obtain a Reserve Study, long-term capital planning helps boards budget responsibly, reduce the likelihood of special assessments, and maintain the quality and safety of community assets.
What are the new Fannie Mae and Freddie Mac Lending Guidelines?
Fannie Mae and Freddie Mac continue to place increased emphasis on the financial health and physical condition of condominium communities. Lenders may review factors such as reserve funding, deferred maintenance, structural concerns, insurance coverage, and capital improvement planning when evaluating a condominium’s eligibility for financing. A professionally prepared Reserve Study can provide association boards with valuable information about the condition of common-area components, anticipated repair and replacement costs, and long-term reserve funding needs. While a Reserve Study alone does not determine whether a community meets Fannie Mae or Freddie Mac requirements, it can serve as an important planning tool that supports responsible financial management, proactive maintenance, and informed decision-making. Learn more about the new Fannie Mae and Freddie Mac lending requirements.
How much does a Reserve Study cost?
The cost of a Reserve Study depends on several factors, including the property’s size, number of buildings, amenities, common-area components, and overall complexity. Larger communities and properties with extensive amenities typically require more detailed evaluations. Contact Global Solution Partners for a customized proposal based on your property’s specific needs.
How long does a Reserve Study take to complete?
Project timelines vary depending on the property’s size, document availability, scheduling of the site visit, and the complexity of the community. Global Solution Partners strives to complete most Reserve Studies within approximately 30 days after receiving the necessary information and completing the property review.
Why are Reserve Studies important for Tennessee condominium associations and HOAs?
Reserve Studies help boards plan for future capital repairs and replacements, support responsible budgeting, preserve property values, and strengthen long-term financial stability. By understanding future funding needs, associations can make informed decisions that benefit both current and future owners.
What are reserve funds?
Reserve funds are money set aside by an association to pay for future major repairs and replacements of common-area assets. Properly funded reserves help communities avoid unexpected financial burdens while ensuring that buildings, amenities, and infrastructure can be maintained over time.
Can a Reserve Study help reduce special assessments?
Yes. A professionally prepared Reserve Study helps associations anticipate future capital expenditures and establish appropriate reserve contributions. Adequately funded reserves can significantly reduce the likelihood of unexpected special assessments when major repairs or replacements become necessary.
How do I request a Reserve Study proposal?
Requesting a proposal is easy. Contact Global Solution Partners with information about your property, including the number of units, building type, location, age of the community, and common-area amenities. Our team will review your needs and provide a customized proposal for a professional Reserve Study.
The Professionals Behind Your Reserve Study
Our Tennessee Reserve Study team includes Professional Engineers (PEs), Reserve Specialists (RSs), and members with numerous other applicable specialty qualifications with experience serving condominium and homeowners associations throughout the state.
Phil Halpin, RS
Resorts Team Leader
Phil brings extensive experience in Reserve Studies for homeowners' associations (HOAs), condominium associations, commercial properties, resorts, and mixed-use developments. As Global Solution Partners' technology leader, he develops innovative solutions that improve project accuracy, streamline operations, and enhance the client experience. Phil resides in the Memphis area.
Bonnie Bogert, RS
Project Management Team Leader
Bonnie supports project setup, report review, and client communication while managing reserve study projects, helping guide clients through the reserve study process from start to finish.
Kyle Jackson, P.E., RS
Site Specialist Team Leader
Kyle oversees GSP’s Site Specialist team and performs field evaluations for reserve study projects nationwide, with extensive experience serving large associations, resort properties, and other complex developments.
Links to Local Organizations
The following organizations provide information, education, and support for community associations, board members, and property managers in the Tennessee area.
