Don’t settle for surface-level solutions. No one likes to get hit with a huge cost that puts a dent in your co-op or condo board’s budget. A large repair or construction project could dip into the board’s reserves or even impose a special assessment. It’s understandable, then, when board members hesitate to make such big changes and instead opt for “band-aid” quick fixes. However, pushing out major repairs in favor of cheap, temporary solutions only delays the inevitable and costs the board more long-term, not to mention the increased likelihood of the cheap repair spontaneously going bust. Consider if your board is putting band-aids on these issues: Read the entire article……………………………….
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