Budget

… costs that every building incurs include heating electric water insurance and real estate taxes Building size also … impacts costs in various ways … Some typical expenses of NYC coop and condo buildings … Real estate taxes These are … building or to fund improvements or repairs The mortgage payments which typically include both principal and interest …

… … A reserve study or capital plan is a way for you to get information about the upgrades and repairs needed to keep your apartment building operational The frequency of performing a reserve study should be every three to five years … warns the consequence of not having a reserve study performed every three years is that mechanical and structural …