HOA Reserve Funds Explained: Insights from Expert Michael Crew

GoGaddis Real Estate Radio

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2M ago 12:00

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On this segment of Go Gaddis Real Estate Radio, we’re joined by expert advisor Michael Crew, CEO of Homeowner Management Services, Inc., to shed light on a topic that impacts every homeowner in a community association—HOA reserves. Whether you live in a condo, townhome, or single-family community with an HOA, understanding how reserve funds work is crucial for protecting your investment and planning for the future. Cleve Gaddis asks Michael a series of practical questions inspired by real-life curiosity from Anne Daniels’ sister, who wanted to better understand how HOA reserves are managed. Together, they dive into questions like: How are HOA reserve funds determined, and what exactly is a reserve study? Why are reserve studies important—and what happens if one hasn’t been completed? What are the key components included in a thorough reserve study? How is the amount of funding calculated, and what are reserve funds typically used for? Is it possible for an HOA to have too much in reserves—or worse, not enough? From neighborhood roads and pools to roofs and fencing, reserve funds ensure that your community is financially prepared to maintain and replace critical assets. But when reserve planning is ignored, the result can be expensive special assessments or deferred maintenance that tanks property values. If you’ve ever questioned the health of your HOA’s finances, or you’re a buyer evaluating a new neighborhood, this conversation is a must-listen. Understanding HOA reserves helps you ask the right questions and make smart, informed decisions. To keep the conversation going, visit GoGaddisRadio.com. We invite you to submit your questions, suggest a neighborhood for a future spotlight, or subscribe to the podcast. And don’t forget to explore our “You Get All the Upside” program—designed to help homeowners make confident, well-informed choices whether buying, selling, or staying put. At Go Gaddis Real Estate Radio, we help you go from real estate novice to expert so you can buy or sell with total confidence and avoid the surprises that catch too many people off guard after closing.

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