There are various names the maintenance budget others call it thinking budget others call it sinking budget, others call it reserve fund others call it capital improvements budget they all mean the same thing and that really means savings for future maintenance. Here are the five reasons or purposes for a maintenance budget

1. Long-term maintenance/repair (i.e., painting program) - long-term maintenance repair means that it has a succeeding number of repairs carried out on an example of that is to carry out a painting program. Where there is a large development, it would be beneficial for your strata community if you carry out a painting program to make sure that the exterior look of the development is maintained therefore the value is preserved

2. Big projects (roof replaceme ...