A reserve study will benefits am HOA on numerous fronts so a Board which is trying its best to guide a community in a financially sound directions should look into the benefits of having one completed.
Inflation is a silent, invisible and unrelenting force to be reckoned with. Ignoring it is futile if your HOA community plans for long term budgeting success.
If you think that refraining from funding the reserve account is expensive try not funding the reserve account. Special assessments, loans, deferred maintenance and lower property values are much more expensive to an HOA community.
