What is it that determines that a stem change must be made right now, and not in 5 years?
It is about an overall picture, for example, the hot water circulation system (VVC) in the attic has caused water damage several times. There have also been damages where sewer pipes have cracked and water has leaked into apartments.
The task of the board is to keep the costs of maintaining the property as low as possible over a long period of time. Water damage that occurs is covered by the association's insurance, but the more damage that occurs, the higher the cost of the insurance.
The longer we wait, the greater the risk that residents and the association will incur unnecessary costs and boring experiences.
Making a stock change now that we have extremely low interest rates means that we know what interest costs the association must bear in the future, which is a great advantage.