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How should an HOA budget for splash pad replacement?
Quick answer
Plan on resurfacing every 5-7 years ($15K-$40K), major equipment replacement (jets, pumps, control panel) every 10-12 years ($25K-$75K), and full pad replacement every 15-20 years ($75K-$300K). A reserve study should fund roughly $10K-$25K annually toward these milestones depending on size.
Splash pads have shorter equipment lifecycles than most HOA assume, and underfunded reserves create surprise special assessments. The standard schedule: resurface concrete or rubberized topping every 5-7 years at $10-$20 per square foot ($15K-$40K for typical pads); replace jets, control valves, and disinfection systems every 10-12 years at $25K-$75K; full plumbing and electrical refurbishment or pad replacement every 15-20 years at $75K-$300K. A professional reserve study (required by law in some states like Florida, California, Nevada) should allocate $10K-$25K annually toward splash pad reserves depending on size and age. Wave 1 mistakes: underestimating chemical equipment lifespan, ignoring code-mandated upgrades to UV/ozone for crypto, and skipping reserve contributions during bumper years. Reserve transparency matters — homeowners deserve to see the number on every annual budget.