Condo Media - October 2021 - 15

Does your condominium board
have an actionable plan for your
aging building envelope?
T
S
The building envelope is a construction term for your
property's weatherproofi ng system. It includes your
roofi ng, siding, windows, doors, and decks, and the layers
of underlayments and fl ashing that tie these building
components together to prevent water penetration.
Long-term planning for the building envelope is vital
to the physical integrity of your property. It's also vital
to property values and your community's fi nancial
integrity. The building envelope is the largest value item
managed by the condominium board and a primary cost
factor driving the operating budget, reserve planning,
and common fees.
Here are some time-proven tips to help your community
make accurate, well-informed planning decisions that
are practical and create long-term value for homeowners.
WHEN TO START PLANNING
Condominium boards have a fi duciary responsibility to
plan for the maintenance and replacement of the building
envelope. Yet, it is rare to fi nd a community with an
actionable plan.
Blame human nature. Communities avoid planning for
their property's building envelope for the same reason we
resist planning for major life cycle events like retirement:
It feels overwhelming. The circumstances are complicated.
And we usually don't have complete information.
Sound familiar? You're not alone. In helping communities
plan for and respond to building envelope changes,
what we've learned is this: The best time to start planning
for your building envelope is now.
YOUR RESERVE STUDY IS NOT ENOUGH
For many communities, long-term planning for the
building envelope begins and ends with a reserve study-
a forecast of how much money an association will need
and when to replace building envelope components when
they reach the end of their intended useful life.
This information is useful. However, in our experience,
it's not enough information on which to base planning decisions
that will affect homeowner fi nances and property
values for years to come.
A typical reserve study details the remaining useful life
and replacement costs for individual building envelope
components. What a reserve study does not consider are
the construction realities of replacing these components,
which are all interconnected. This missing information
becomes more important as properties age and planning
decisions become more complex.
October 2021 CONDOMEDIA 15

Condo Media - October 2021

Table of Contents for the Digital Edition of Condo Media - October 2021

Contents
Condo Media - October 2021 - Intro
Condo Media - October 2021 - Cover1
Condo Media - October 2021 - Cover2
Condo Media - October 2021 - Contents
Condo Media - October 2021 - 2
Condo Media - October 2021 - 3
Condo Media - October 2021 - 4
Condo Media - October 2021 - 5
Condo Media - October 2021 - 6
Condo Media - October 2021 - 7
Condo Media - October 2021 - 8
Condo Media - October 2021 - BB1
Condo Media - October 2021 - BB2
Condo Media - October 2021 - 9
Condo Media - October 2021 - 10
Condo Media - October 2021 - 11
Condo Media - October 2021 - 12
Condo Media - October 2021 - 13
Condo Media - October 2021 - 14
Condo Media - October 2021 - 15
Condo Media - October 2021 - 16
Condo Media - October 2021 - 17
Condo Media - October 2021 - 18
Condo Media - October 2021 - 19
Condo Media - October 2021 - 20
Condo Media - October 2021 - 21
Condo Media - October 2021 - 22
Condo Media - October 2021 - 23
Condo Media - October 2021 - 24
Condo Media - October 2021 - 25
Condo Media - October 2021 - 26
Condo Media - October 2021 - 27
Condo Media - October 2021 - 28
Condo Media - October 2021 - 29
Condo Media - October 2021 - 30
Condo Media - October 2021 - 31
Condo Media - October 2021 - 32
Condo Media - October 2021 - 33
Condo Media - October 2021 - 34
Condo Media - October 2021 - 35
Condo Media - October 2021 - 36
Condo Media - October 2021 - 37
Condo Media - October 2021 - 38
Condo Media - October 2021 - 39
Condo Media - October 2021 - 40
Condo Media - October 2021 - 41
Condo Media - October 2021 - 42
Condo Media - October 2021 - 43
Condo Media - October 2021 - 44
Condo Media - October 2021 - 45
Condo Media - October 2021 - 46
Condo Media - October 2021 - 47
Condo Media - October 2021 - 48
Condo Media - October 2021 - 49
Condo Media - October 2021 - 50
Condo Media - October 2021 - 51
Condo Media - October 2021 - 52
Condo Media - October 2021 - 53
Condo Media - October 2021 - 54
Condo Media - October 2021 - 55
Condo Media - October 2021 - 56
Condo Media - October 2021 - Cover3
Condo Media - October 2021 - Cover4
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