Tag Archives: reserve funding

Reserve funding

How to Property Plan and Fund Large Scale Capital Projects. A Primer for Condo Association Board Members

construction worker image over city skyline

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 […]

How Much Should Our Association Have in Reserves? Fully Funded, Partially Funded or Under Funded is the Better Question.

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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 […]