How often should an HOA or condominium association update its reserve study, and what happens when those updates are delayed? In this educational webinar, Reserve Advisors Professional Engineer Todd Walter explains how delaying a reserve study update can increase reserve funding requirements, widen funding gaps, contribute to special assessments, and make long-term capital planning more difficult. Using real community examples, Todd demonstrates how rising construction costs, deferred maintenance, and outdated reserve studies affect association finances. Topics covered include reserve study update timing, HOA and condominium reserve funding, rising construction costs and inflation, deferred maintenance risks, funding gaps and reserve contributions, special assessments versus proactive funding, real community case studies, capital project planning, Fannie Mae and Freddie Mac reserve study considerations, and best practices for association boards and community managers.
Whether you’re a community association manager, HOA board member, condominium board member, or property management professional, this webinar provides practical guidance to help your community plan ahead and avoid costly surprises.