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Underfunded Reserve Funds and Upcoming Capital Projects: How A Condition Survey Shows the Real Deal

Author: 
-Stratastic Inc.

Co-authored with Nabiel Ordonez
Publication date:
October 27, 2022
Article Summary: 

The blog discusses the issue of underfunded reserve funds in condominiums and how a condition survey can help to identify the real state of the property and plan for upcoming capital projects. It emphasizes the importance of having an accurate understanding of the property's condition and highlights the consequences of not having enough funds to cover necessary repairs and replacements. The blog outlines the process of conducting a condition survey and how it can help condo boards prioritize and budget for upcoming capital projects.

Keywords: 

underfunded reserve funds, capital projects, condition survey, property condition, repairs, replacements, budgeting, prioritization.

Source Citation: 
-Stratastic Inc.

Co-authored with Nabiel Ordonez
Underfunded Reserve Funds and Upcoming Capital Projects: How A Condition Survey Shows the Real Deal
October 27, 2022
https://www.stratastic.com/post/underfunded-reserve-funds-and-upcoming-capital-projects-how-a-condition-survey-shows-the-real-deal
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