Reserve Study Updates from the local Seattle-Tacoma Area
5 Mistakes HOAs Make in Reserve Planning
and how Washington HOA Boards can avoid them! Reserve planning isn’t optional in Washington anymore. It’s a core part of responsible board stewardship. When reserves are under-funded or Reserve Studies are missing/inaccurate, communities end up with sudden special assessments, deferred maintenance, and unhappy owners. Below are five common mistakes Washington HOAs make and practical steps…
Reserve Study Requirements in Washington
Does Washington State Law Require a Reserve Study for HOAs? This is historically a common question raised by HOA boards in Washington State! Many condominium associations are familiar with this practice, but for many Single-Family HOAs we interact with, a Reserve Study is a new concept – and rightfully so as requirements and laws are…