Insights

For many condominium associations, the topic of increasing monthly dues is met with immediate resistance. However, maintaining artificially low fees often creates a dangerous illusion of savings while simultaneously building a massive liability in the form of deferred maintenance.

If you are creating a plan to help you preserve your property, then having a professional perform a condo reserve study is the first step. However, one of the biggest mistakes that homeowners associations (HOAs) make is assuming that the reserve study will include everything they need to keep their ...

Living in a condo offers many advantages, including convenience, shared amenities, and often a sense of community. However, it also brings unique responsibilities and complexities, especially concerning the building envelope. Understanding who is responsible for what, preventive maintenance, and ...

For most volunteer condominium board members, the role is defined by small, manageable problems. That often changes drastically with the delivery of a new condo reserve study that reveals a standard roofing system is failing, or that siding is severely deteriorated. On those pages, the true scale ...

Condominium boards across the country are facing a similar reality: aging building systems, underfunded reserves, and difficult funding conversations that can no longer be postponed. Whether it is a phased funding plan for a roof replacement or a necessary increase in monthly dues, the real ...

Every year, thousands of condominium board members sit down to review their annual budgets. They look at aging siding, leaking roofs, and a condo reserve study that indicates a significant funding gap. Yet, despite the clear data, many of these boards will remain paralyzed. Why? Because HOA ...