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of the finances – that would be a lot of work, and the building can save a great deal of money by not hiring
the actual work.”  The consensus is that residents got something money can’t buy. “I think the condominium
. They can then save money by looking on the Exchange for free furniture and fixtures – or for someone who
the second roof and install a playground next year – with money from the new mortgage and no assessment
is worth mentioning. In 2014, the co-op refinanced its underlying mortgage for $35 million. The money
at significant expense.  It was their money.  But sometimes – when it’s appropriate – boards should have
-op and condo boards called “Simple Steam Fixes Save Money.”   Depending on the upgrades, savings will range
of this latest one. “If we didn’t have the money from the tax settlement, we would have tried to get a loan
’s a conflict. But it doesn’t mean that they shouldn’t go with it. They don’t need to pay more money simply
Swonder, 58, vice president of the condo board. “But money was always an issue. It’s only been the last

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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