For a condominium community, the best way to prepare for that inevitable expensive repair is to have a reserve fund. Otherwise, when those big ticket repairs need to be made – like replacing roofs or concrete areas – there will be no money to pay for them, and every unit owner will receive a walloping special assessment instead. The condo association might be able to get a loan to cover a periodic large repair cost, but loans to condo associations are not always available.     Read the article………………..