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Reserve Funds

Michael Lewicki
Publication date:
October 8, 2021
Article Summary: 

The article emphasizes the importance of the reserve fund in condominium living and its impact on the marketability of condo units to potential buyers. It explains that the reserve fund ensures the upkeep of common elements and contributes to the long-term care and value of the condo community. Delays in common element maintenance can lead to costly fee increases and affect future unit valuations. Condo directors and managers need to manage both the short-term operating fund and the long-term reserve fund effectively to show prospective buyers that the community is well cared for and well managed, making it more attractive to potential purchasers.


Reserve Fund, Condominium Living, Common Elements, Maintenance, Marketability, Condo Unit, Condo Community, Condo Directors, Condo Managers, Upkeep, Fee Increases, Unit Valuations, Operating Fund, Long-Term Planning, Homeownership, Financial Management, Community Care.

Source Citation: 
Michael Lewicki
Reserve Funds
October 8, 2021
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