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-year budget without the help of outside experts. “We’re a real team,” says Bachman. “Our property
-examine the current budget and re-evaluate its priorities. “The assumptions and assertions that were in those
of budgeting. "Most condos and co-ops set annual maintenance increases, and they typically range from 3
for their budget. So, if your price is aspirationally high, you’re attracting the wrong set of buyers. For example

Time for Change (Order)? UNABRIDGED

Magazine Article by Stephen Varone and Peter Varsalona on August 01, 2010

of a repair project, and which should be identified early on and included in the project budget? Many

Pressing People for Peer Review UNABRIDGED

Magazine Article by Frank Lovece on June 03, 2016

regulation may come into play. In such cases, change orders on your project can balloon the budget. You want

Commercial Revenue: Not Is Not the Time to Play Hardball UNABRIDGED

Magazine Article by Carl Cesarano, Principal, Cesarano & Khan on February 13, 2023

, closed down. The board had to find a way to make up the shortfall in order to balance the budget

Mind the Gap UNABRIDGED

Magazine Article by Andrew Lazarus on July 30, 2019

-ops can really feel the pinch. They’ve counted on that income in their budget, and suddenly it’s gone

How to Find the Right Window UNABRIDGED

Magazine Article by Carol J. Ott on January 23, 2019

will ask you questions about your budget, time frame, any research or price quotes you already have. You

Repairing Tudor City's Stressed Terra Cotta UNABRIDGED

Magazine Article by Bendix Anderson on November 25, 2019

that create the kind of terra-cotta ornaments used at Woodstock Tower. As the co-op board sets its budget

Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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