Tag: Reserve study

Maintenance Maintenance Deferred
2009 Nov Maintenance Deferred

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…

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Finance Behind in Reserves
2008 July Behind in Reserves

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…

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Maintenance The Party's Over
2008 March The Party's Over

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…

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Maintenance Rainy Day Blues
2008 March Rainy Day Blues

"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 …

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