Reserve study software vs. a reserve study

Runway Reserves wrote this page, and we sell reserve studies. Last checked November 1, 2026. Confirm anything that matters with each company directly.

Homey Reserve and Solume are software, and we found no study service described by either, so we don't treat them as direct alternatives to a reserve study firm. Homey says it is not a replacement for a professional study. Solume's page is mixed: it says a professional completes the initial study, and also that its software removes the need for periodic studies. Many boards could use both: a study to set the numbers, and software to track them between updates.

Side by side

Topic	Homey Reserve	Solume	Runway Reserves
What it is	Software that reads an existing study PDF and builds a dashboard and project tracker. ^{1, 2}	HOA management software, covering dues and communications, with a reserve module. ^{3, 4}	A reserve study firm that prepares its own reports.
Credentials	We found no RS, PRA or PE claim. ¹	We found no RS, PRA or PE claim. ⁴	None. We hold no RS, PRA or PE credential.
Who makes the site visit	None described. It works from your uploaded study. ¹	None described. Its FAQ says a professional completes the initial study. ⁴	A field technician we contract, using our checklist. We review what they record, and the report says who visited.
Published prices	Free plan. Essential is $499 a year or $49 a month, with a 60-day trial. ¹	We found no base price. It offers a 30-day free trial. ³	Published. Full study $2,995 to $6,495 by size, up to 499 units, site visit included. Update without a site visit from $1,295. Send us another firm's written quote for the same scope, and we'll beat it.
What you receive	A dashboard. Its terms say to check its figures against your original study. ^{1, 2}	A dashboard built on your study data. ⁴	PDF report and spreadsheet, a board call, and a board packet PDF. No planning software.

"We found no" means it wasn't on the pages we read. It doesn't mean the company doesn't offer it.

We sell reserve studies, not software, so we have a stake in this answer. The table has no track record row because we found no study service described by either company.

When software is the better choice

You have a current study and want to act on it between updates.
You're a self-managed board that wants reserve tracking alongside dues and communications.
You want a free look at an existing report. Homey offers a free analysis with no signup.

When you need a study

You have no study, or yours is out of date. Homey says it is not a replacement for a professional study.
You've read that software removes the need for periodic studies. Solume's page says that, and it also says a professional is generally recommended and that industry standards recommend a study every 3 to 5 years. Check what your state and lender require.
You want someone to look at the property. Software can't record what's there today.

Sources

Company names belong to their owners. Runway Reserves isn't affiliated with or endorsed by any company named here. If you'd like us to adjust any claim on this page, contact us.

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