Whom Needs A Condominium Reserve Study

There are few things as vital to creating an ideal reserve fund than a condominium reserve study. For maintenance costs to repairs and replacements, maintaining a condo property can be expensive. Condominium properties are built on the premise of shared amenities and common areas. While each unit is a home, the larger property as a whole must serve the needs of the entire community. Over time, those common areas will experience wear and tear and must be maintained and repaired. A reserve fund is used for this, but a condominium reserve study will need to be created in order to

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