Cohousing-L Mailing List: Re: Community Finances

[Sharon Villines (sharon]

on 7/18/2002 11:01 PM, Becky Schaller at bschaller [at] theriver.com wrote:

> I have a question about community finances.   We have a certain amount of
> money set aside for captital improvements, another amount set aside for
> maintenance and repair, and another amount for unexpected repairs and
> problems. What we don't know is how much we should have in each line item.
> Does anyone have any advice as to how to arrive at such figures?
> I appreciate any help you can give.

There are people who do reserve studies. They analyze all your systems,
determine when they will predictably need to be replaced, and how much it
will cost. A real estate lawyer or your bank should be able to recommend a
reliable person.

Sharon
-- 
Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org


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