CONDO July August 2020

Page 14

Budgeting the Unknown Condo corporations are facing

BY ANDREEA DOLNICIANU

new budgeting cha l lenges in 2020. Planning for unexpected and increasing expenses is difficult to anticipate. These include rising costs of contractors, ever-increasing insurance premiums, and reserve fund contributions that are nearing half of an annual budget for older condominiums.

14 CONDOBUSINESS | Part of the REMI Network


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