Clients often ask, “When is the appropriate time to replace a reserve component?” A few weeks ago, I had the privilege of working with an Association client with this exact dilemma.
For many homeowners, keeping your property aesthetically appealing is an important part of owning a home, and that starts with choosing the right irrigation controllers.
A Boardmember recently asked what defines “too far” with respect to choosing to do a Reserve project on time or to defer the project. In other words, when do deferred repairs get to the point of the Board dangerously incurring liability and financial risk?
