Reserve Fund Below Recommended Level
What does it mean?
The building's maintenance reserve fund is lower than the recommended minimum (roughly €0.80/m²/year). This means a special assessment is more likely if unexpected repairs arise.
Is this a problem when buying?
Something to clarify before buying. Not an automatic deal-breaker, but worth checking.
What you should do as a buyer
Ask for the exact reserve fund balance and recent Hausgeldabrechnung. Calculate if the fund is adequate for the building's age and condition.
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