Waterfront strata corporations carry a maintenance burden that inland buildings do not: salt, wind exposure, dock structures and insurance markets that price all three.
Plan capital works on a cycle, not on failure
A funded reserve and a written long-term maintenance plan are the two things that keep special assessments off the agenda.
Review your reinstatement value annually
Construction costs in Cayman have moved sharply. An insurance valuation from five years ago is very likely leaving the corporation exposed.