Quote:
Originally Posted by maverickstruth
And doing preventative maintenance, staggering it over time, so that it doesn't all come up at once.
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That's what well-managed condos do, do preventative maintenance, properly manage the reserve fund, increase fees in increments when necessary, etc.
One thing I tried to avoid when looking at condos were the shorter, cheaper developments made of oriented strand board/plywood. They seem to have more problems with rot or structural problems over time than a concrete high-rise but that may be a generalization that is inaccurate.