Tag Archives: contractor

Volunteer Labor

 

Save money.  Build community.  Use volunteers. But consider the risks and shortcomings first.

A kindly retired neighbor crafted a small wood shelter for the children who shivered in the Colorado elements as they waiting for the school bus each morning.  A grateful association board thought it would be a good idea to make sure the man was insured in case something went wrong.  The insurance agent said, “Whoa.”

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How to Fund HOA Improvements

What can a board do if its building is faced with extensive capital work while recovering from the real estate slump of the early 1990s? Assessments are unpopular and reserves are low. There’s a desire to have construction operations completed as quickly as possible, but an aversion to parting with too much money at one time. One way to solve this dilemma is to phase in the capital programs over an extended time. Undertaking construction in distinct stages offers many advantages as well as potential pitfalls. Armed with the proper information, however, the board can organize the building’s construction into phases that best suit their purposes.

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