Co-ops and condos routinely undertake major capital projects to improve and update their physical plant with the hopes of both increasing value and cutting expenses. But how about more modest programs to save money in areas that are often o…
These days, as the summers get hotter, the storms get bigger and climate change is finding its way into more headlines than ever before, more attention is being paid to the environment and how the average citizen can do his or her part to s…
Legal issues, maintenance challenges and the ever-present Fire Department of New York (FDNY) and Department of Buildings (DOB) compliance requirements are just the tip of the iceberg when it comes to the obstacles condo and co-op boards, a…
There’s probably not a condo, HOA or co-op board that doesn’t worry about money at some point or another, which is why staying on top of the latest money-saving opportunities is vital for any building or community to be successful. One of …
Let’s face it. Every multifamily or commercial building owner would like to substantially lower their utility costs. Prices for energy and water are projected to go nowhere but up in the future. When you start to factor in the new regulati…
With today’s condo and HOA residents much more conscious of their impact on the environment and looking for ways to reduce it, smart boards and property managers are looking to help. Simple tasks like turning down thermostats, shutting off…
Saving money is always a top concern of any co-op or condo board, but with tough economic times and high fuel prices, saving on energy costs can be a challenge. Thanks to deregulation of the New York energy market a little over a decade ag…
With the green movement in full swing across the country, it is not surprising that incorporating energy saving and efficient measures has trickled into condominium development. Today, many buildings in the New York area pride themselv…
Going green doesn’t have anything to do with choosing a natural paint color for your kitchen, or planting herbs in your community garden. But the phrase can have many different meanings and can be done across a broad spectrum. Turning o…
Charged with managing their properties’ expenses, boards of co-ops and condo complexes place a high priority on controlling energy consumption. In some regions, multi-family properties are being aided by local utilities and incentive pr…