Skip to content
Fort Lauderdale, FL · Licensed across FloridaMon–Fri 8:00 AM – 5:00 PM · (954) 807-3208
Romco StructuralCall

The requirements · Funding the Work

Assessment, Loan or Phased Program

Once the scope exists, the board's problem stops being construction and becomes funding. There are three routes and they suit different associations.

We will turn it into a buildable scope, a phasing plan and a realistic range — so the board can decide with numbers rather than adjectives.

Not us

We do not perform the inspection. An engineer does

30/25

Years to first milestone — 25 within 3 miles of coast

Occupied

Buildings stay occupied while we work

Licensed

General contractor, licensed in the state of Florida

The membership vote is the real constraint

A scope the board can afford is worthless if the membership will not approve it. Understanding what your association can realistically pass — and building the program around that rather than around an ideal sequence — is usually the difference between a project that happens and one that stalls for two years while deterioration continues.

There is a timing problem underneath the funding problem. Deterioration continues while a membership deliberates, and concrete deterioration accelerates rather than progressing steadily. A vote deferred by eighteen months does not face the same scope eighteen months later, and boards are frequently reluctant to say that plainly to owners.

The three routes

  • Special assessment: fastest, hardest to pass, hardest on fixed-income owners.
  • Association loan: spreads cost, adds interest, needs lender requirements met.
  • Phased program across funding years: slower, and deterioration continues meanwhile.
  • Reserves, where they exist and are adequate — increasingly the intended route.
  • Some combination, which is what most associations actually do.

Presenting it to the membership

Owners approve what they understand. A board that arrives with a finished plan and a number gets a difficult meeting; one that shares the engineer's findings, the options and the likely range while it is still deciding gets a very different reception, because people can see the reasoning rather than only the conclusion.

It also helps to be explicit about what each deferral risks. Not as pressure, but because an owner voting on an assessment is entitled to know whether postponing means a larger number later or a safety problem sooner, and those are different situations.

How we handle it

  1. 01Price the scope so the board has a real number to work with.
  2. 02Break it into fundable phases with the engineer's input on priority.
  3. 03Be explicit about what deferring each phase actually risks.
  4. 04Attend member meetings to explain the work if that helps.
  5. 05Provide documentation an association lender will accept.

If phasing across funding years, let the engineer set the priority order rather than the board. Doing the visible items first because they are easier to explain to the membership is how a structurally urgent item waits three years.

Said plainly

Where we stop

We are not financial advisers and we do not advise on assessments or association lending. Your attorney, accountant and lender do. We price the work and explain what deferral risks.

FAQ

Common questions

Assessment or loan?
A question for your attorney and accountant. We can price the work and phase it either way.
Can we phase over several years?
Yes, and the engineer should set the priority order, not the board.
What if the membership votes it down?
Deterioration continues and the cost rises. We will be explicit about what each deferral risks.
Do lenders need specific documentation?
Usually. Tell us what yours requires and we will produce it.

Next step

Find out what is actually wrong with it.

An inspection, photographs of what we found, and a written scope. If the honest answer is that it can wait another season, that is the answer you will get.