|reserve funds/retrofit cohousing||<– Date –> <– Thread –>|
|From: Judy (BAXTER%EPIHUBVX.CIS.UMN.EDU)|
|Date: Mon, 15 Aug 94 15:39 CDT|
Retrofit cohousing gets complex. I don't expect many of you are dealing with this issue, but who knows. our Common House and 8 coop units are in a 1924 building, formerly a retirement home. We are working on setting up reserves for replacement costs, and looking for efficient ways to get expected useful life and replacement costs. So far we have considered asking contractors, a consultant on property management, and the service people who have been dealing with the elevator, furnace, plumbing, etc. Any ideas on the relative merits of such sources (I know, this is stretching it) or better ideas will be welcome. Judy Judy Baxter, Monterey Cohousing Community, (MoCoCo) Twin Cities Area, Minneapolis/St.Paul Minnesota e-mail: baxter [at] epivax.epi.umn.edu
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