Real estate
Condominiums: planning the renovation fund properly
Roof, facade, heating: major renovations will certainly come. A well-planned fund keeps them from turning into a dispute within the community.
Many communities set aside too little — until a large invoice arrives. A renovation plan over twenty years shows how much belongs in the fund each year.
How to proceed
Have the condition of the building components assessed
Estimate costs and timing
Set the contribution per ownership share and anchor it in the regulations
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