01-08-2021, 10:13 AM
(01-08-2021, 12:08 AM)panamaniac Wrote:(01-07-2021, 08:39 PM)tomh009 Wrote: I do think so. But keeping a condo building attractive requires ongoing attention (and spending!) by the board.
And if you don't do upgrades, even if you keep things in top condition, you can end up with a result like Willow Wells, where the common areas are pristine but have very much of a last-century feel.
Often a sign that the owners' demographic skews to 65+, no?
Maybe yes. But maybe even more so it might be an indication that the board skews to 65+ as it's generally the board that will drive those decisions (although the owners can vote out the board if they don't like the decisions).
In our case, we believe that ongoing maintenance and upgrades are necessary to keep the building attractive and support the property values.
We may be somewhat off topic here.
