Everything Water
Water issues are some of the most costly challenges for community association managers and boards because they involve extensive, multifaceted repairs and ongoing maintenance.
Water damage, whether from leaks, poor drainage, or inadequate infrastructure, can lead to serious structural issues, mold and deterioration of property, which demand immediate attention to avoid more costs.
Beyond initial repair costs, there are potential legal liabilities if damage affects individual units or common areas, along with rising insurance premiums following water-related claims.
Proactively managing water-related concerns can be both complex and expensive, but neglecting them risks even higher expenses, possibly leading to special assessments for homeowners.