Archive for October 2023
Condo Life Stages: What Makes Buildings Vulnerable at Each Life Stage
Condo buildings go through five life stages, each with its own vulnerabilities. Here, we look at what makes condo buildings vulnerable at each stage of the aging process to help you create a more predictive maintenance plan. Under a Year: The Pre-Natal Life Stage Feeling confident your reserve fund won’t be needed during the pre-natal…
Read MoreWhat’s a Healthy Reserve Fund?
Your condo reserve fund sets aside money for non-routine repairs and replacements. However, if your board isn’t careful, you can make critical errors that make it impossible to cover these necessary capital expenditures. As a result, your residents face the risk of special assessments. Here we look at what is considered a healthy reserve fund…
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