|Re: allocation of reserve expenses||<– Date –> <– Thread –>|
|From: David Heimann (heimanntheworld.com)|
|Date: Sat, 3 Apr 2010 13:43:22 -0700 (PDT)|
Hi Margaret,We at Jamaica Plain Cohousing set our condo fees, and thus our reserve funding to be proportional to the original (move-in) unit price. Those prices were in turn determined by our project consultant with significant input from a local real estate agent and a local expert from a local cohousing project similar to ours.
For purposes of determining the condo fee percentage, the "market price" of the affordable units was set at the average between their actual price and the "would-have-been" market price price based on market prices for similar units within our development.
Date: Tue, 30 Mar 2010 10:40:03 -0600 From: "Margaret" <margaret.porter [at] mindspring.com> Subject: [C-L]_ allocation of reserve expenses To: <cohousing-L [at] cohousing.org> Message-ID: <65862139B26546BD997CFFF78C3ECEEC@MARGARETPC> Content-Type: text/plain; charset="US-ASCII" We are a fairly new cohousing community. We did an initial reserve study and allocated our reserve expenditures about 50 percent by household and the rest primarily by square footage. We now have an updated reserve study and are planning its implementation. We are curious what other cohousing communities' experience has been with allocating reserve expenditures-what formulas have you used; how have they worked out; do you have any to suggest other than a combination of by household and square footage? Which expenditures do you allocate by each category? Is there any community that allocates solely by square footage or solely by household? Any insight you can give us about your experience would be greatly appreciated. Thanks, Margaret Porter Member, Finance and Legal Team Silver Sage
- Re: allocation of reserve expenses, (continued)
- Re: allocation of reserve expenses Robert Heinich, April 1 2010
- Re: allocation of reserve expenses evdavwes, April 2 2010
- Re: allocation of reserve expenses David Heimann, April 3 2010
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