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Q&A: Site Inspections and their Budget Effects
Author:
Jennifer Dickenson
Publication date:
September 30, 2021
Article Summary:
This Q&A article discusses site inspections and their budget effects in the context of condominiums. Engineers share their insights and experiences related to completing reserve fund study site inspections with Board members, the most prevalent maintenance issues observed in the London and surrounding areas, and some unusual occurrences during inspections. The engineers emphasize the importance of specific reserve fund budgets, reviewing the entire reserve fund study, and considering preventive maintenance to prolong the life of components as part of the budgeting process for the condominium corporation.
Keywords:
Site Inspections, Reserve Fund Study, Condominiums, Board Members, Maintenance Issues, Water Management, Construction Practices, Budget Season, Preventive Maintenance, Reserve Fund Budget, Inflation, Special Assessments, Operating Expenses.
Source Citation:
Jennifer Dickenson
Q&A: Site Inspections and their Budget Effects
September 30, 2021
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