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Do you know what’s really going on with your condominium building? What will be the hits to the capital budget? How much should be spent on repairs, and which repairs are most urgent? One roofer wants $100,000; a second wants $10,000 to make the same repairs. What do we do? Our board is split between fiscally conservative members on fixed incomes and “up and comers” who want to spend money on needed repairs. How do we break the deadlock and fund the repair? o As anyone who’s owned a condominium knows, condo board meetings can be very contentious, sometimes leading to deep-seated hostility and acrimony. For more than fifteen years, Buyer’s Companion has helped condominium boards resolve issues from common element repair and system failure to developer fraud and board deadlock. When a professional Buyer’s Companion inspector works with a condominium board, he or she helps determine the scope of work, the urgency of repairs, quality of the contractor, and schedule of maintenance. Buyer’s Companion reports are photo documented, described and supported by industry standards. The State of Illinois recommends Capital Reserve Studies for condominium associations. o “Management by professional decree” is much easier than “special assessment and trial by fire.” Buyer’s Companion’s advice, advocacy and management tools empower condo boards to operate their buildings by plan, not by special assessment. .(Learn MORE) |
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_Buyer’s Companion answers key questions like:
Are some of the failing systems the developer’s responsibility before he passes ownership of the common areas to the board of directors?
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