Recently we received the following question the answer to which could be helpful to many of you.

Q.       Our condominium has a serious need for some renovation work on windows, doors and some balconies. It is going to cost around $3,000 a unit as best we can tell right now. One contractor we consulted said it was not urgent and that we could do it over a period of time. Another contractor indicated that he thought the deterioration would accelerate and we needed to do all the work right away. The Board is divided on which way to go, and right now we only have four Board members, and it is a 50/50 split. Our next election is September and we cannot agree on a new Board member either. We have been at this standoff for four months now, and we need to move ahead with some plans, but we do not seem to be able to do so. Do you have any suggestions?

Continue Reading What to do when your board is deadlocked

     Consider the situation where the Board of Directors has decided that they want to upgrade the appearance of an aging townhouse style condominium and they are talking about requiring all the unit owners to replace certain areas of vinyl siding with Hardiplank or similar high grade exterior product which is a much more expensive material. They are also going to require solid wood decorative shutters on some of the windows. The plan is to get bids, enter into a contract, and assess the owners because the association doesn’t have any money in reserve for this project. Some owners consider these improvements to be upgrades and say that the Board shouldn’t be able to require the owners to pay for upgrades as opposed to replacements.   This article can also apply to some degree to townhouse communities which are not condos but where the association has the responsibility to maintain the exteriors of dwelling units and common facilities.

Continue Reading What to do when the Board wants (or needs) to upgrade the condo exterior

Q.        Our condo is a moderately priced community which was built in the 80’s and is now beginning to look dated.  The new condos of the same approximate unit size and same general location have a better curb appeal.  We are afraid that as interest rates creep up our owners will have more and more difficulty competing with other units.  Our board of directors wants to take action, but we don’t know where to begin in deciding what to do first to make improvements.  Our ideas might not be shared by other owners who may question our plan.  How can we address this critical issue and not make a big mistake that will cost us and our fellow homeowner’s lots of unnecessary money?

Continue Reading COMMUNITY NEEDS COSMETIC SURGERY