Illinois condo association rules: A complete guide

Asessing a new management company takes a few steps. Do it right with our list of best practices for hiring a property management firm.

When your association's budget is tight, saving even a few hundred dollars is welcome. But what if you could save thousands? Read these tips to improve your association's financial fitness and help you get the most bang for your buck.

Knowing where your assessment money goes is essential to being a savvy association or co-op resident. In this article, we break down the main cost categories. 

Your residents are calling on about water leaks after a snowfall. Could an ice dam on the roof be the culprit?

Keeping your property maintained and making needed improvements are important aspects of your community’s financial health. To manage these crucial responsibilities effectively, you need to stay on top of day-to-day projects, as well as create and adhere to a long-range plan. What does it take to make those goals a reality?

What makes a community a great place to live? A lot goes into it, but it’s no secret that often depends on community engagement.

Budgeting is the time for making tough decisions for how your association spends its money, and sometimes those decisions can, unfortunately, lead to contention. Clear communication about the association budget should be provided to all homeowners throughout the year to help solve problems before they begin and smoothly pave the way for needed changes.

Adequate funding and planning preserves your community for future residents.
 

When the temperature dips far below freezing, you'll want to be sure your pipes are well-insulated. 

How well do homeowners in your condo association understand maintenance responsibilities? You might think that responsibilities for condo maintenance, repairs and replacements would be straightforward enough – what’s inside the condo unit is the homeowner’s, and what’s outside is the association’s.You might think that responsibilities for maintenance, repairs and replacements would be straightforward enough, what's inside the condo unit is the homeowner's responsibility and what's outside is the association's but that's not always the case.