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Incentives Aim to Green Up New York, Reduce Operating Costs for Building Owners
A recent study found that 75% of greenhouse gasses in New York City are generated by buildings, primarily multifamily residential buildings. As part of a city-wide effort to incentivize buildings to develop programs to curb emissions, FirstService Residential held its Third Annual Green Expo & Symposium on May 15 in New York. The event featured a panel of industry experts, including FirstService Residential President Dan Wurtzel, who described the benefits of participating in city programs, as well as the opportunities to save money, help the environment and enhance property values. -
HOA Pools: The basics of swimming pool insurance
Swimming pools are one of the most common, and most desirable, amenities in communities. Making sure to have proper community pool insurance coverage. -
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Lifestyle Expert Previews Amenity Trends for 2016 and Beyond
Location, location…amenities? As we told you in a previous article, the desirability of a community’s lifestyle amenities is becoming highly influential in driving the purchasing decision for many homebuyers. To rise to the challenge – and set themselves apart from the competition – many developers, builders and community associations are adding the next generation of amenities to their lifestyle communities, high-rises, condo buildings and other residential properties. And it’s working. By adding and/or updating their amenities to reflect evolving tastes, communities are effectively meeting the aspirations and demands – and enhancing the lifestyles – of potential and existing homeowners. -
Capital improvements vs repairs and maintenance: What’s the difference?
Maintaining your buildings’ assets is not a one-size-fits-all proposition. The common areas require a broad range of routine maintenance and repairs to keep them looking good and operating smoothly. -
Tips for community waste management in your association
With a growing focus on proper environmental stewardship, many associations are working toward implementing green initiatives. But getting there can be daunting. With so many programs and opportunities available for all of us to reduce, re-use and recycle, it’s hard to know where to begin. -
9 tips about board of directors conflicts of interest
It’s a term that gets tossed around quite a lot. But “conflict of interest” is a real and genuine threat to your association and its proper stewardship. Understanding what the term means – as well as how to recognize and avoid conflicts of interest– can go a long way toward ensuring the strength and stability of your community and eliminating many concerns. -
FirstService Residential Executive Discusses Offbeat Second Home Investment Locations and Trends
While exclusive communities like the Hamptons or Malibu will always be attractive locations for affluent vacation home buyers, several new trends are emerging in the growing second home market. -
Put an Energy Saving Program Together for a Multifamily Property
Many HOAs and community associations would like to save energy and energy spending, but they think that putting an energy management plan into place for their multifamily property is difficult to accomplish. FS Energy's Chris Normandeau explains some basic, easy-to-do steps that can make a real impact on an association's energy usage and budget. -
Hiring a reserve study company: 5 things to know
In our guide to capital improvements , reserve studies and their relationship to capital improvements and preventive maintenance were discussed at length. -
Seven tips to finding a reserve study company
Your reserve fund is what helps your association anticipate its future– and budget for it, too. This fund gives you the power to maintain the quality of your community by allowing for projects that are both necessary and expensive (like a future roofing or paving project, for instance). -
Seven Trends for Amenities in 2015
2014 was a year of change for a lot of associations. And in many ways, 2015 promises to be no different – especially when it comes to the types of amenities that will be offered by communities. -
5 energy conservation strategies for community associations
In this article, we delve into the significance of energy conservation within community associations, exploring its benefits and strategies for effective implementation. -
Energy efficiency tips for winter
So what can condo boards or community associations do to mitigate or even reduce costs this winter? Let’s start with what you can do in the summer and fall, before winter actually begins. This includes cleaning, tuning and performing any necessary repairs to heating systems, furnaces and boilers to make sure they won’t be working longer, harder or less efficiently than they should. Other pre-winter tasks include cleaning gutters to remove leaves and debris to ensure water can flow freely. Otherwise, water can become trapped and freeze, which can not only damage your property’s gutters, but also cause ice dams and possible roof leaks. -
Benefits of HOA parks and playgrounds
HOA community playgrounds and HOA parks can offer a great deal for your residents. They can serve as vibrant hubs, fostering a sense of unity and togetherness among homeowners of all ages. They offer more than just a place to play. They create a shared space for everyone to enjoy. -
Six steps to implement condo EV charging stations
If your high-rise condo is ready to start looking into electric vehicle charging stations, these steps can provide a holistic overview of the process and what you can expect. -
Can HOA fees increase? The benefits of raising HOA dues
What exactly are HOA dues, and can an HOA raise dues without notice? In this article, we’ll explain what HOA dues are, HOA fee increase limits, and five benefits of small, regular increases. -
Surprising ways to stretch your HOA's dollars
If you’re on the board of a condo, co-op, high-rise or HOA, you know that managing your community’s budget is a major priority. You’ve likely explored many ways to save money and get the best deals, while still maintaining a high level of service. -
Tips for an eco-friendly building: Sustainable high-rise living
Many multifamily properties and high-rises want to implement “green” living practices and create eco-friendly communities, but not everyone knows where nor how to get started. Here are some effective and easy tips to help you be proactive and successful in achieving your sustainability goals. Read on for a list of programs and services that can be put in place in your community at little to no cost. -
Tips for getting a mortgage: 6 simple mortgage loan tips
We’ve got the scoop on how to get a mortgage loan, so read on for our top six tips to increase your chances. -
How to start a recycling program in your community
Is your homeowners association considering starting a recycling program for your community? If so, bravo! Take a look at some of the benefits: conserving energy, saving water, preserving resources, reducing air pollution and saving landfill space. And did you know that in addition to helping the environment, recycling can also provide economic benefits as well? To get you started, here are some tips and considerations to help your association plan and implement a successful recycling program for your community. -
11 of the top rooftop amenities for your high-rise
By leveraging this space to offer creative and imaginative amenities, you’ll not only increase property values, but you’ll also provide a gathering place for residents to relax and connect. Great rooftop spaces also have a way of infusing more resort style living into your high-rise. -
Trends in Amenity Planning and Design for Lifestyle Communities
Amenities continue to rank among one of the most important considerations for prospective buyers at both active adult and multi-generational lifestyle communities across the country. Amenities are highly influential in motivating a homebuyer’s decision about where they ultimately choose to live and also contribute to the overall level of satisfaction among current homeowners. Communities that fall short in meeting buyer expectations or that fail to plan amenities around consumer interests can be negatively impacted in terms of sales, referrals, profitability and reputation of their brand. Homeowner associations, tasked with planning for new amenities and implementation of supporting programming, will have influence on these important variables. -
Empowering Communities: Maximizing efficiency through energy audits
Energy audits serve as a critical tool for identifying inefficiencies, pinpointing areas of improvement, and ultimately fostering a more sustainable environment within community associations.