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Condo reserve funds: Why they're so crucial for the health of the building

Summary by Financial Post

Condos can be fixer-uppers too.

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Condo Reserve Funds: Why They’re so Crucial for the Health of the Building

Condos can be fixer-uppers too. Home inspections can warn prospective buyers of upcoming critical costs—such as a new roof or a leaking basement—but buyers in the condo market might not have the same clarity. First of all, they have to parse through the current finances and legal position of the condo corporation. Second, they have to size up the reserve fund set aside to pay for major upkeep and repairs for the future of the building. Financial…

4 days ago·New York, United States

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SooToday.com

+3 Reposted by 3 other sources

Lean Left

Condo reserve funds: Why they're so crucial for the health of the building

4 days ago·Sault Ste. Marie, Canada

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usawire.com

Tips for Moving From a Larger House to a Condo

Moving from a large house to a condo is a significant transition that requires careful planning and organization. Whether you’re downsizing for convenience, cost savings, or a lifestyle change, adjusting to a smaller living space can be both exciting and challenging. The key to a smooth transition lies in strategic decluttering, efficient space utilization, and adapting to a new way of living. In this guide, we’ll explore essential tips to hel…

4 days ago

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