A Boardmember recently asked what defines “too far” with respect to choosing to do a Reserve project on time or to defer the project. In other words, when do deferred repairs get to the point of the Board dangerously incurring liability and financial risk?
This question came up in our recent Reserve Studies “under the hood” webinar (see www.ReserveStudy.com/webinars), designed to provide a general introduction to what a Reserve Study is, and what useful and valuable information you’ll find in a Reserve Study.
After last week’s webinar on selecting Reserve components (click here for the recording), one attendee asked why they often see many “painting” components… one for stucco, one for wood trim, one for the ironwork around the pool, one for balcony railings, etc.
A client asked this question yesterday, and while it seems simple, it is actually complicated. Let me walk you through the issues. The simple answer is sometimes it is a good idea to replace an iron fence with vinyl, sometimes not. The issue is driven by concerns about two different issues – the application (location), and the cost.
Before the 1950’s building façade sealants did not exist. Building joints were sealed with oil based caulks, which provided protection from the effect of weathering.
Asphalt pavement requires regular maintenance to ensure its life reaches its full potential. Sealcoat is an effective means of periodically treating the surface of asphalt pavement, typically on a three to five year basis. The parking lots and roads in common interest developments are the
