Quote:
Posted By MikeS1 on 01/17/2008 9:01 AM
Gerald, If it was snowing, I think that you would argue that was not. For years, our COA kept a carpenter and painter busy replacing rotten trim, then caulking and painting until they decided to clad everything. It looks great and it's certainly not going to last forever, but it was well worth the money. Gerald, you have an obvious talent for overstanting the obvious. Thanks for your comments.
MikeS1-It never ceases to amaze me how insulting people can be. Your comment above to me is completely unwarranted. I did not mean my post as anything negative towards you? Where was I being argumentative? Didn't I state, "As I'm sure you know..." Sheesh!
The benefit of the truth of maintenance for all items and reserve funding is I'm sure grasped by you entirely, but IMHO worthy of posting for Srini and others.
Srini posted, "Our HOA is planning to spend $600k on woodtrims.. Is there a way to reduce the cost. How to approach this without increasing our
monthly association fee. Any help would be appreciated."
My post should get Srini and others thinking about reserves, in other words why is it the 600k may not be in the reserve account to cover the wood-trim replacement? If the association was funding for the elements over time there should be a large portion of the replacement amount already stashed away. Or Srini may ask, Did the association have a capital reserve replacement analysis performed, and if so how many years was the projected life-span of the initial woodtrim that was installed.