Condo Media - April 2017 - 37

could do the same thing," Huijing
suggests.
From a reserve planning standpoint, solar panels can be challenging,
he notes, because the rapid decline in
prices makes it difficult to estimate
future replacement costs. "If you
had tried to predict solar costs today
based on the 2010 prices," Huijing
says, "you would have way overfunded for the replacement." His suggestion: Use current prices to set the
reserve contribution, "but re-evaluate
the numbers every couple of years" to
make sure you're not setting aside a
lot more money than you're going to

From a reserve planning
standpoint, solar panels
can be challenging, because the rapid decline
in prices makes it difficult to estimate future
replacement costs.

need to replace the panels in 30 years.
Solar panels installed on roofs will
also affect reserve estimates for roofing projects, Huijing notes. "You have
to include the cost of removing the
solar system and replacing it," which
can add $25,000 or more to the total.
Noblin says he's finding that more
condominium boards are considering
long-term reserve funding issues such
as this. "They are saying, 'this planfor-the-future thing makes sense.'
They're not crazy about it, but they're
seeing the need to do it." Although

he's been having this conversation
with condominium boards "for years,"
Noblin thinks they are generally "in a
better place" when it comes to reserve
planning. "They're not where they
need to be," he says, "but it's certainly
better than it was."

n NENA GROSKIND IS PRESIDENT
OF ECONTENTPLUS, PROVIDING
EDITORIAL CONTENT FOR
WEBSITES, PRINT AND ELECTRONIC
NEWSLETTERS, AND MAGAZINES.

Managing complex relationships
is second nature to NSB

Peter Kitsakos, Gemini Property Management
and North Shore Bank Commercial Loan Officer,
Lisa Scopa at Bartlett's Reach in Amesbury, MA

In the fast-paced, ever-changing banking industry, our
clients have found a true partner in North Shore Bank.
NSB offers the loan and deposit products that our clients
need - delivering them with expert, personalized service."

Peter Kitsakos | Gemini Property Management
(978) 346-8900 - pjk@geminiproperty.com

Commercial & Industrial Lending | Commercial Real Estate Lending
Construction & Development Lending | Condominium Assn. Lending
northshore-bank.com |
Member FDIC

Member SIF

Equal Housing Lender

For information about commercial lending at North Shore Bank
call us at (877) 712-7000 or visit northshore-bank.com/lenders
April 2017

37



http://www.northshore-bank.com http://www.northshore-bank.com http://www.northshore-bank.com/lenders

Condo Media - April 2017

Table of Contents for the Digital Edition of Condo Media - April 2017

Table of Contents
Condo Media - April 2017 - Intro
Condo Media - April 2017 - BB1
Condo Media - April 2017 - BB2
Condo Media - April 2017 - Cover1
Condo Media - April 2017 - Cover2
Condo Media - April 2017 - Table of Contents
Condo Media - April 2017 - 2
Condo Media - April 2017 - 3
Condo Media - April 2017 - 4
Condo Media - April 2017 - 5
Condo Media - April 2017 - 6
Condo Media - April 2017 - 7
Condo Media - April 2017 - 8
Condo Media - April 2017 - 9
Condo Media - April 2017 - 10
Condo Media - April 2017 - 11
Condo Media - April 2017 - 12
Condo Media - April 2017 - 13
Condo Media - April 2017 - 14
Condo Media - April 2017 - 15
Condo Media - April 2017 - 16
Condo Media - April 2017 - 17
Condo Media - April 2017 - 18
Condo Media - April 2017 - 19
Condo Media - April 2017 - 20
Condo Media - April 2017 - 21
Condo Media - April 2017 - 22
Condo Media - April 2017 - 23
Condo Media - April 2017 - 24
Condo Media - April 2017 - 25
Condo Media - April 2017 - 26
Condo Media - April 2017 - 27
Condo Media - April 2017 - 28
Condo Media - April 2017 - 29
Condo Media - April 2017 - 30
Condo Media - April 2017 - 31
Condo Media - April 2017 - 32
Condo Media - April 2017 - 33
Condo Media - April 2017 - 34
Condo Media - April 2017 - 35
Condo Media - April 2017 - 36
Condo Media - April 2017 - 37
Condo Media - April 2017 - 38
Condo Media - April 2017 - 39
Condo Media - April 2017 - 40
Condo Media - April 2017 - 41
Condo Media - April 2017 - 42
Condo Media - April 2017 - 43
Condo Media - April 2017 - 44
Condo Media - April 2017 - 45
Condo Media - April 2017 - 46
Condo Media - April 2017 - 47
Condo Media - April 2017 - 48
Condo Media - April 2017 - 49
Condo Media - April 2017 - 50
Condo Media - April 2017 - 51
Condo Media - April 2017 - 52
Condo Media - April 2017 - 53
Condo Media - April 2017 - 54
Condo Media - April 2017 - 55
Condo Media - April 2017 - 56
Condo Media - April 2017 - 57
Condo Media - April 2017 - 58
Condo Media - April 2017 - 59
Condo Media - April 2017 - 60
Condo Media - April 2017 - 61
Condo Media - April 2017 - 62
Condo Media - April 2017 - 63
Condo Media - April 2017 - 64
Condo Media - April 2017 - Cover3
Condo Media - April 2017 - Cover4
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202307
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202306
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202304
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202303
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202302
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202301
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202212
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202211
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202210
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202209
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202208
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202207
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202205
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202203
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202202
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202201
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202112
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202111
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202110
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202109
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202012
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202006
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202003
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202002
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_202001
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201912
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201911
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201911_v2
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201910
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201909
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201908
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201907
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201905
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201903
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201902
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201901
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201812
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201811
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201810
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201809
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201801
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201712
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201711
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201710
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201709
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201706
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201705
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201704
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201703
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201702
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201701
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201612
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201611
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201610
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201609
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201608
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201607
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201606
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201604
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201603
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201602
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201601
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201512
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201511
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201510
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201509
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201508
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201507
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201506
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201505
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201504
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201503
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201502
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201501
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201412
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201411
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201410
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201409
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201408
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201407
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201406
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201405
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201404
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201403
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201402
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201401
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201312
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201311
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201310
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201309
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201308
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201307
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201306
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201305
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201304
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201303
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201302
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201301
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201212
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201211
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201210
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201209
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201208
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201207
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201201
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201112
https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201111
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https://www.nxtbook.com/nxtbooks/mcneill/condomedia_201109
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