10/19/2026
๐ก 10 Reserve Funding Truths Every Condo Board Should Know
A well-maintained condominium doesn't happen by accident. It takes planning, realistic budgets, and a clear understanding of future expenses.
Here are 10 things every condo board should keep in mind:
1๏ธโฃ Deferred maintenance can become an expensive emergency.
2๏ธโฃ Underfunding reserves today can mean higher costs for owners later.
3๏ธโฃ Delaying projects can make them more expensive.
4๏ธโฃ Clear communication helps owners understand financial decisions.
5๏ธโฃ Reserve funding should match the community's project timeline.
6๏ธโฃ Proactive planning can help reduce special assessment risk.
7๏ธโฃ Reserve reports should be explained in plain language.
8๏ธโฃ Owners deserve to understand the reasoning behind funding decisions.
9๏ธโฃ Major repairs need realistic timelines.
๐ Planning ahead is easier than managing a financial crisis.
๐ Good reserve planning helps protect both the community and the people who call it home.