Tag Archives: air

Condo Living: Air Quality

The Environmental Protection Agency estimates that Americans spend as much as 90% of their time indoors. Unfortunately, research also suggests that indoor air quality is up to 10 times more polluted than the air outside. In fact, the EPA currently ranks poor indoor air quality as one of top five public health threats.

Authors: Community…

Read more

Condominium Preventive Maintenance Checklist

Preventive maintenance is the regular inspection and repair of equipment and facilities to prevent extensive, costly damage from occurring over time. Preventive maintenance can go a long way toward reducing the overall cost of your condominiums, as large expenditures for repairs and replacements can often be avoided by a careful attention to detail. Following a thorough condominium preventive maintenance checklist can help you to increase the attractiveness of your properties, boost your tenants’ satisfaction and strengthen your profit margins. 
      
Well-maintained condominiums increase owner satisfaction. 
Inspections 
    Perform regular inspections on all equipment and facilities that are subject to damage or normal wear and tear. Inspect such things as roofs, pools, insulation, ventilation systems and appliances to ensure that they are operating safely and efficiently. Make inspection a priority among your maintenance staff; create thorough checklists that must be marked off and signed by the inspecting employee, and hold inspectors accountable for the thoroughness of their examinations. 

Read more

Forever Young? Don’t Bet Your Reserves on It!

Commercial structures such as office and apartment buildings have planned obsolescence.  When they get old, they are renovated, sold or torn down and rebuilt, which usually happens every 40 to 50 years.  With our tax laws, it just doesn’t make economic sense to do otherwise. 

There is no similar economic motivation for obsolete community associations.  Condominiums and cooperatives may not be rebuilt or renovated without the approval of most of the individual shareholders.  The number of association buildings that have not been properly maintained and are at the end of their economic life is growing; and, for too many, inadequate reserves have been set aside.

Read more

SC: Charleston condominium complex ends up in foreclosure

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

Nearly half of the homes at Regency Square Condominiums in North Charleston, a 110-unit complex near Charleston Air Force Base, are winding through the lengthy legal foreclosure process after the owner who converted them from apartments couldn’t find buyers.
Read more