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Buyers are increasingly scrutinizing the amount of the maintenance reserve, since an insufficient reserve in the face of upcoming major measures, such as a façade or elevator renovation, can lead to substantial special assessments.
We therefore take into account both the amount of the current reserve and any already resolved or foreseeable major maintenance measures of the homeowners' association.
Minutes of recent owners' meetings provide important information in this regard and should be made available to us wherever possible.
Special assessments that have already been resolved but not yet fully paid must also be transparently accounted for in the appraisal report, as they constitute a direct financial obligation for the future owner.
A sufficiently high, systematically built-up reserve is increasingly perceived by buyers as a quality indicator of a well-managed homeowners' association.