![]() |
|
|
#12 |
|
Administrator
Join Date: Aug 1998
Location: Indiana
Posts: 28,294
|
The cost of major repairs/maintenance are already built into the annual fees - the Capital Reserve Budget is there to cover all anticipated repairs (roof, siding, carpeting, furniture, appliances, etc.) over the life of the property. Unanticipated expenses (like a hurricane) would be covered by insurance and not cause a direct increase in MF's - but possibly a future increase in insurance rates. That has already happened for all DVC resorts - even those minimally affected by a hurricane.
__________________
Doc
|
|
|
|
| Thread Tools | |
| Display Modes | Rate This Thread |
|
|