Why Do a Capital Assessment? Crucial Information for Financial and Maintenance Planning

What's the Value of a Capital Assessment?
Making sure your building or association has adequate funds to carry out major capital projects - roof repairs, boiler/HVAC replacements, new windows, etc. - is a crucial part of your board's fiduciary duty, and conducting a capital assessment is a crucial tool in carrying out that duty. Here are a few reasons why it pays to know where your community's physical and mechanical systems stand in terms of maintenance and useful life. 

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