Establishing a reserve account is an important step for common interest communities for the long term financial health of the Association and fairness to the community members over time. 

Wood fencing is typically exposed to the elements and requires regular paint or staining cycles to protect is from the elements. Eventual replacement of the fencing should be budgeted. 

It can be difficult for a Board to convince the community membership that there should be consistent contributions to the reserve account. Many members of the community will want to keep HOA dues as low as possible but this is not fair to the current and future members of the community. 

Outside of the ongoing maintenance of elevators the longer term budgeting for the elevator cab remodel and equipment modernization is recommended. These expenses are fairly infrequent and often overlooked by Boards. 

Exterior Painting & Sealing are extremely important for the long term protection to the building from moisture instruction and protection from the elements. They should be done on a regular cycle and with adequate funding for them well in advance of the necessary work needed.