Fund Large Scale Capital Projects. Proper planning and funding capital projects for condo association communities is crucial for maintaining property value and ensuring an enjoyable community living experience for the homeowners. Here are some of the best practices and approaches: 1. Reserve Studies: o Consider hiring a company that specializes in reserve studies. These […]
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Reserve funding
One of the most widely asked question by the condo community association board Treasurer is how much should be in the reserves. Another typical question which is essentially the same is “How much should our association put away into the reserves as a part of our annual budget”? The answer is far from simple especially […]