Although your HOA board of directors certainly embodies a broad spectrum of knowledge and expertise, it’s unlikely that it will cover every critical aspect of association decision-making. Many community association’s are aware of this, but are nonetheless tempted to save the money otherwise spent on hiring outside expertise. Be wary of making this mistake. The modest cost of hiring a few hours of outside expertise that fills a blind spot in your board’s knowledge base could save you tens of thousands of dollars in corresponding issues down the road. To expand on this point, let’s explore a few domains where outside expertise often proves essential in HOA decision-making: legal decisions, financial decisions, and decisions surrounding construction and landscaping projects. Read the article……………….
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