capital improvement

Condo Association Maintenance versus Capital Improvements

Condominium association board members are responsible for managing the upkeep and maintenance of their shared association properties to ensure they remain safe, functional, and attractive for all residents. Two essential components of this responsibility are maintenance and capital improvements. While both are critical for ensuring the ongoing value and satisfaction of the property, there are …

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Steps to Handle Condo Association Capital Projects

Embarking on a capital improvement project for your condo association is an exciting endeavor, but it can certainly feel daunting. Handling capital projects can be a complex process and requires careful planning, financing, coordination, and execution. The end result, however, is a well-maintained property that holds (or increases) its value and improves the quality of …

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How Can My Condo Association Fund a Building Capital Improvement?

As buildings age, capital improvements become necessary for maintaining the property and improving the overall quality of life for residents. Whether it’s a roof replacement, window upgrade, or other significant repair, these projects can be major expenses for condo associations, and one of the biggest challenges facing Chicago condo communities is how to fund these …

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3 Ways Your Condo Association Can Fund Capital Improvements

Capital improvement projects are an important part of maintaining and improving the value of a condo association property. These projects can include major repairs, replacements, and upgrades such as roof replacements, window replacements, and landscaping renovations. Despite the importance of capital improvement projects, funding these projects can pose significant challenges for associations, especially if they …

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