Whether you are a building owner, property manager, Real Estate Investment Trusts (REIT) manager—or if you are questioning whether a building purchase makes financial sense—it’s important to anticipate how the property will perform over time. For retail, multi-family, office or industrial properties, the best solution is to assess, plan and budget for the future. A….
Make sure you actually need one, too They don’t teach you how to hire an engineer in school. Indeed most folks have never had the occasion to hire an engineer or an architect in their whole life. This is also true for most condominium or HOA board members. So how does a condo board go….
We all need to vent. No, I am not talking about Monday morning venting about the bum calls the referee made during the big game. I am talking about venting the attic space in your condominium. I know, most folks think venting is a summer issue, so why talk about it when the snow is….
During this season of giving thanks, but also a time of year that can be overwhelming and stressful, consider a passion project. While it may be too busy to start that project tomorrow, use this holiday season and extra time with family and friends to reflect and motivate: Envision a creative side project for the….
What to do in a NH winter? Certainly snow sports, a good book, or dreams of spring golf are excellent pursuits but for the chairperson of the condo maintenance committee, winter is a good time to be planning building envelope repairs. The building envelope comprises the roof, siding, and foundation with all of the windows,….
Some board members may think deciding about a new roof surface is over their heads (forgive the pun). Condominium board members and property managers of urban mid and high-rise buildings often face flat roof maintenance issues and now a new wrinkle in the roofing decision process has arisen: black or white. In the recent past….
For every real estate transaction that you are involved in—chances are—as part of the due-diligence process you are hiring a commercial building inspection professional to inspect the property. This is a helpful and valuable service that you routinely recommend to clients any may be required by lenders, however if the inspection is not done objectively….
Perhaps you are on the Building Committee which has been charged by the Board to recommend a replacement siding material for your 35 year old condo. Perhaps you are a property manager whose in-basket is filled with unit owner complaints about vinyl clapboard siding problems in the new condo complex. Whatever the vinyl façade issue….
Cracks in foundations are by far the most common structural complaint raised in either reserve fund studies or transition studies. They can occur in the youngest or newest condo building. As condo documents usually assign the maintenance responsibility of their repair to the association, board members and property managers take them very seriously. New England condo buildings have….
There is a growing consensus that climate change is real and its consequences will have significant impact on our quality of life and regional economic future. While the cause of climate change may be debated, its potential impact on future generations should not be. So the real question should be, what are we going to….