Advice on the attached condo financials

2 Replies

Looking to buy a place for my kids at college. We found that is is Lower cost to purchase than to rent over the next few years.

My question:

The reserves for almost all anticipated needed projects are lower than what is needed. The Mgmt company saying they are only going to do one building at a time (roof) and may not need all those a funds at the same time. Can someone read this budget for 2019 and share any advice on your perspective? Main concern is being assessed. The Mgmt company is saying no assessment proposed for future as of now.

Updated over 2 years ago

Having a hard time copy and pasting budget to this post. Anyway that I can attach a file to the post?