Proactively planning your 2018 capital improvement projects is a key step in your 2018 HOA budget preparation process. First, be sure to carefully prioritize next year’s projects so that the most critical are guaranteed to get done, while the “nice to haves” can get done if time and funds allow. Once you’ve prioritized your 2018 projects, it’s time to analyze each of them in terms of scheduling considerations; status as capital improvements or not; contractor payment structure; use of reserve funds versus operating funds; and any need for homeowner approval or special assessments. Read the article……………
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