But fighting inflation can be easy if the board makes cost-cutting a priority. Start by identifying the high ticket items. Associations with high utility costs should commission a utility audit. Utility auditing companies verify the accuracy of utility bills, notes discrepancies and assists in refund claims.
Associations can save on insurance premiums almost dollar for dollar by raising deductibles.
Save on water and maintenance costs by replacing turf with drought-tolerant native species. Adjust heater temperature and pump cycle times for savings. A two degree drop in temperature can significantly decrease the heating bill. Use a pool solar blanket to conserve water temperature and reduce heating costs. Consider solar heating panels if feasible and repair them annually for proper operation.