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Physical Building Operations
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Condo Versus HOA Maintenance
Author:
Kim Brown
Publication date:
January 25, 2023
Article Summary:
Condo and HOA associations both require substantial funds for maintenance and repairs to uphold property values and ensure residents' safety. While both entities have operating and reserve budgets for maintenance projects, there are differences in the types of maintenance and the fees paid by owners. Condo associations generally cover more maintenance work, leading to higher fees, due to shared elements like elevators, roofs, and balconies. In contrast, HOA communities focus more on individual owners maintaining their properties, with fewer shared amenities. This article outlines common maintenance projects for both condo and HOA communities, highlighting the costs and considerations involved.
Keywords:
Condo, HOA, Maintenance, Repairs, Operating budget, Reserve budget, Reserve study, Shared amenities, Maintenance projects, Fees, Elevators, Roof repair, Water damage repair, Window replacement, Parking lot maintenance, Balcony maintenance, Pool repairs, Landscaping, Natural disaster cleanup, Pest control.
Source Citation:
Kim Brown
Condo Versus HOA Maintenance
January 25, 2023
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