Condominium financial-health checker
Reserves, arrears, repair plan, borrowing, insurance, and governance to a risk result.
Enter the reserve, arrears, repair plan, association borrowing, insurance, and governance details to score the building’s financial health — with a low current fee scoring negatively if it creates future special assessments.
Key points
- Scores reserve balance and monthly reserve per square meter.
- Weighs the funding method, arrears, borrowing, and repair plan.
- Includes insurance, governance, and unresolved litigation.
- A low current fee scores negatively if it means future special assessments.
Inputs and outputs
Inputs: reserve balance and monthly reserve per m², funding method (even or escalating), 30-year-plus repair plan and update date, estimated next major work and funding gap, owner arrears, association borrowing, management-fee trend, commercial/absentee ownership concentration, insurance and earthquake coverage, meeting attendance, unresolved litigation, and planned elevator/pipe/façade/seismic work.
Outputs: a financial-health risk result, where a low current monthly fee does not score positively if it creates future special assessments.
How to interpret the result
A low monthly fee is not a good score if it reflects an underfunded reserve; the checker treats a step-up plan’s early low fee as a future risk.
What the tool shows — and what it doesn’t
In short: Scores reserve balance and monthly reserve per square meter; Weighs the funding method, arrears, borrowing, and repair plan; Includes insurance, governance, and unresolved litigation; A low current fee scores negatively if it means future special assessments.
A calculator is only as good as its inputs and the scenarios you test, and it models arithmetic, not approval: it cannot tell you whether a lender will lend, what rate underwriting will actually offer, or how your circumstances will change. Use it to compare options and to stress-test — run a mortgage at the offered rate plus one, two, and three points, and a purchase at pessimistic as well as central assumptions — rather than to produce a single answer. Advertised rates are execution-month or example figures, not guaranteed offers, so treat any result as a planning estimate and confirm the real numbers with a dated written quotation before you commit.
Who this is for
- Buyers and borrowers modeling a decision
- Anyone stress-testing affordability
What this is not
- A guaranteed quote or approval
- A low monthly fee is not a good score if it reflects an underfunded reserve; the checker treats a step-up plan’s early low fee as a future risk.
Frequently asked questions
What should I check for a condominium?
Reserves, repair plan, arrears, minutes, bylaws, insurance, litigation, and planned major work.
What is a special assessment?
An extra owner payment when reserves are insufficient for needed work.