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month preceding the start of your lender search. A budget for the current year (plus a budget
there'd be stuff that we hadn't seen. But it ended up that the job came in on time and on budget, maybe
accurately budget for what needs to be repaired. Most Local Law 11 inspections look at only one wall
. "Sometimes we chose to upgrade materials, over and beyond whatever HPD had budgeted for," says Shekhtman
likely effect that the negotiations will have is on building budgets — and, in particular, on the price
; a budget for the current year (plus a budget for the coming year, should you begin your lender search
meeting will not get better. Gain budget approval for an initial design and schematics. Once objectives
refinanced its underlying mortgage and took out a line of credit to pay for the project, which was budgeted
status of your building annually. They check to see if you’ve got a balanced budget; whether
include a balanced budget, a healthy reserve, and enough funds to give timely attention to needed repairs

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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