Ongoing Maintenance costs are the biggest concern for ALL condominium buyers. The largest categories are Hydro Electric, Heat, Security Staff, Water, Garbage Disposal, Management and then the mandatory Reserve Fund Contribution mandated by engineering studies of how long things should last [Remaining Economic Life] Many of these issues are not within the control of the building or management as Rates and Schedules are set by outside parties. The largest expense by far is Heat and Hydro. In a hi Rise structure we share Common Elements and a garage. We can eliminate heat as an expense and build in a Condo Building Long Term efficiency tool. How? Using a Heat Pump and Ground Loop Geothermal Heating The ground loops operate by utilizing the ground to provide heating or cooling ener...
Comments
0