Boards and managers have a lot on their plates but as these insurance pros point out, it pays to be aware of potential exposures that can cost your co-op or condo in the long run.
Condominiums and cooperatives are first and foremost hubs for communal living. Residents work together on or with the boards of their associations to keep their properties functioning seamlessly day-in and day-out. So then why wouldn'…
Seven years ago, an initiative called NYC Cool Roofs was launched under Mayor Michael R. Bloomberg's administration to cover as much of New York City’s rooftops as possible in a reflective white coating. It was meant to not only help cool d…
Like single-family homes, condominium units tend to be owner-occupied. Financing for these units therefore tends to follow traditional guidelines and requirements centered on owner occupancy. But what happens when a condo unit is held as …
Is your building bleeding energy—and money? In today's more environmentally-conscious society, administrators of all sized co-op or condo buildings are looking to save money. These energy professionals weigh in on some of the more common en…
Small co-ops and condos face a special set of challenges relative to controlling expenses. The building has to be heated, the real estate taxes paid, and the halls cleaned. Unlike in larger buildings, the cost isn’t shared by dozens or pe…
There will be times when a board is not able to carry out a building-related project for several reasons, such as time constraints, more urgent matters, or just a lack of enthusiasm. But whatever the reason is, there's still hope that a pro…
In a city that has been referred to on more than one occasion as a 'concrete jungle,' it should come as no surprise that flashes of lush plant life are rare, at least when compared to suburban enclaves, and often relegated to parks and othe…
Turning off lights and adjusting thermostats are just the beginning - your building can do even more to save on energy and utility costs.
In a city like New York, no one—including co-op and condo owners—is immune from the sounds of noisy construction work. With such things as loud jackhammers and buzzing saws going on, it's enough to drive anyone mad. Whether the construction…