If something’s broken, you fix it. If it's worn out, you replace it. It sounds like a simple equation, but when it comes to construction in cash-strapped times, it can be a case of easier said than done. As many condominiums’ f…
Tag: Reserve study
The Harbor Towers, a pair of 40-story residential buildings designed in part by noted architect I.M. Pei, offer some of the most exquisite views of the Boston harborfront and skyline. Once out of place in what was a district of warehouse…
The era in which too many condominium boards shrugged off warnings about inadequate reserve funds or postponed needed maintenance has come to an unsettling end. In a series of recent high-profile episodes, condominiums have been hit…
"We see a wide range of reactions" when association board members and owners are presented with the cost of repairs, Fernandes says. "Most associations don't have the money on hand," says Stephen DiNocco, CMCA, AMS, principal …