#condominium reserve study

[andrewjbernhard]

Navigating Declaratory Judgments for Condo Associations and HOAs: Milestone Reports and 40-Year Certifications in Florida

Attention Condo Associations Florida! New regulations, managing milestone reports, and 40-year certifications is daunting. This post dives deep into how declaratory judgments can be a crucial tool in ensuring compliance and resolving disputes. #Milestone

For Condominium Associations and Homeowners’ Associations (HOAs) in Florida, maintaining compliance with state regulations and ensuring proper management of community properties can be complex. Among the critical responsibilities are performing milestone reports and 40-year certifications, which are essential for the safety and upkeep of aging buildings. In cases where there is uncertainty about…

[mysgprop-cstee]

8@BT Beauty World

8@BT Beauty World

8@BT is a New Condo development by Bukit Sembawang will offer premium living in the Beauty World area, mere 2 minutes walk to the MRT station and various amenities and attractions. It's also within 1KM radius to Pei Hwa Primary School. Priced To Sell Register for preview in Sept 2024 Showflat Types:  1bdrm (Type A1, 517sqft) stack 07 2bdrm (Type B3, 732sqft) stack 08 3bdrm (Type C3, 1163sqqft) stack 04 Penthouse (PH2, 1593sqft) stack 03 ✔ Exclusive 158 Residences ✔ By Acclaimed Developers – Bukit Sembawang ✔ Embrace the transformation of Beauty World ✔ Nestled in a Tranquil Residential Enclave ✔ 2-minute stroll to Beauty World MRT Station ✔ Premier Schools within 1KM: Pei Hwa Presbyterian Primary School ✔ Enjoy seamless access to the upcoming expressway – Bukit Timah Corridor. A key transit route linking the locale to major city areas Book Appointment "8@BT Bukit Timah Link: Where Elegance Meets Convenience in Every Step."

Introduction

Nestled in the heart of District 21, 8@BT Beauty World is a brand-new 99-year leasehold condominium that offers residents a vibrant and convenient lifestyle. With its strategic location, modern amenities, and thoughtfully designed units, 8@BT is an ideal choice for young couples, families, and investors alike. 8@BT enjoys excellent connectivity, mere 2-minute walk from Beauty World MRT Station, offering quick access to the Central Business District and Marina Bay Sands. At the centre of the Beauty World neighbourhood, amenities and malls are within easy reach. The upcoming development at Bukit Timah Link is designed by the President’s Design Award winner, Khoo Peng Beng and Belinda Huang of Arc Studio Architecture + Urbanism Pte Ltd. The residential development is located at the heart of the vibrant Beauty World precinct, a gentrifying urban village framed by the lush foothills of Bukit Timah, the bygone industrial factories of the early 20th Century, the former Malayan Railway, and the residential Good Class Bungalow enclave at King Albert Park.

Residents are also spoiled for choice when it comes to amenities. The development is surrounded by a plethora of shops, restaurants, supermarkets, and clinics. Popular nearby establishments include Beauty World Plaza, The Linq @ Beauty World, Beauty World Centre, FairPrice Xpress, Giant Super - Beauty World Centre, Chungkiaw Clinic Pte Ltd, Post Box, and Maybank - BtTimah. For those seeking leisure and recreation, 8@BT is close to several parks and nature reserves, including Bukit Timah Nature Reserve, Rifle Range Nature Park, and The Rail Corridor. These green spaces offer ample opportunities for outdoor activities such as hiking, biking, and birdwatching. Parents will appreciate the proximity of 8@BT to several reputable schools, including Pei Hwa Presbyterian Primary School and other renowned schools along Bukit Timah Road. LIVE Enrich Our Growing Community. LIVE refers to the style of architecture that perfectly blends nature with living. The design focuses on natural wind and air circulation, sunlight through floor-to-ceiling windows, and green areas that give residents the feeling of home in every step of the project. WELL Work-Life Balance WORK signifies easy to work solutions, specifically the project’s co-working space within the premises provides residents with a dedicated area to work or study without having to commute to an external office or library. This convenience can be especially beneficial for remote workers, students, or entrepreneurs living in the condo. LIFE Take Quality of Life to the next level. LIFE focuses on enhancing residents’ quality of life by providing a large common area to meet future living trends and to satisfy the lifestyles of all generations, with facilities such as the Club Houses, fully equippep Gymnasium, Lounge, a Family’s Pool, and a 50-meter swimming pool with a hydrotherapy system. 8@BT is well-positioned for strong capital appreciation, given its prime location, excellent connectivity, and limited supply of new condominiums in the area. Investors can expect healthy rental yields and potential capital gains in the years to come. Fact Sheet TypeDescriptionsProject Name8@BTDeveloperBukit Sembawang Estates LimitedLocation6, 8 Bukit Timah Link Singapore 589943, 589944 (District 21)Tenure99 Years Leasehold from 13 Feb 2023Estimated CompletionQ4 2027Site Area4,611.1 sqm / 44,132 sqftTotal Units158 units in 2 blocks of 20-Storey Car Park Lots126 lots ( ~ 80% allocation)

Developer

Bukit Sembawang Estates Limited The Developer of the development 8@BT -  Bukit Sembawang Estates Limited started as a rubber company in 1911 and later diversified by incorporating landed property. The company is headquartered in Singapore in Singapore city and has approximately 200 employees. The company was listed as a limited company in 1968 allowing it to fully focus on the development of the property, other property-related activities as well as investments. It has been over a half a century where the company has been engaged in building some of the most well-known developments in the residential category such as in Seletar. Bukit Sembawang Projects Bukit Sembawang Estates Limited built 2,500 homes and more than 1,000 houses which are located in Sembawang Hills and there are more than 500 houses built in other locations. Bukit Sembawang Estates Limited is one of the pioneers in Singapore in regard to the development of residential development hence leading to the establishment of trusted developer reputation well known for the development of quality homes which have great value. This kind and unwavering commitment have enabled the company to secure Awards as well as numerous accolades over the time then it has been in existence. Standards by Bukit Sembawang Estates Due to standards which have been attained by the company, there has been the delivery of lifestyle homes which are distinct from each other hence enabling families to have memorable moments in them. The homes developed by Bukit Sembawang Estate Limited have been characterized by outstanding design, thoughtful planning as well as quality finishing. The standards provided by the company usually surpasses the expectations of the home buyers who are discerning them. Bukit Sembawang Estate Limited has established a reputation of developing among the best condominiums as well as apartments in Singapore. The acclaimed portfolio is inclusive of properties such as The Vermont which is located on Cairnhill, Peterson Collection, Skyline Residence, Mimosa Terrace, Luxus Hills Phase 1-7 and Saraca Gardens. Bukit Sembawang Estate Limited is fully committed to ensuring that it contributes to communities which are green and more importantly environmentally friendly. As a way of seeing to it that this is met, the company has an annual initiative called ‘Plant-A-Tree’ with the main agenda of offsetting the global carbon emissions. According to the records of the company, by August 2018, the company planted 25 trees in Luxus Hills Park.

Project Highlights

Unique Selling Points

- Developed by the esteemed Bukit Sembawang - Located at the Heart of Bukit Timah - Exceptional Connectivity – A brief stroll to an integrated transport hub featuring a bus interchange and an underground link to Beauty World MRT Station - Minutes away from three nature parks: Rifle Range Nature Park, Bukit Timah Nature Reserve, and Bukit Batok Nature Park - Proximity to Pei Hwa Presbyterian Primary School, Methodist Girls School, and renowned educational institutions like Hwa Chong Institution, Anglo-Chinese School (Independent) - 5-minute walk to Bukit Timah Market and Food Centre, with close access to restaurants along Cheong Chin Nam - Conveniently located near the CBD and major expressways such as PIE, BKE, and KJE - Just one MRT stop to King Albert Park Station on the Downtown Line (Interchange with the future Cross Island Line) - Strong focus on residents' well-being, offering a plethora of facilities within the development and a spacious central landscape for relaxation and community interaction

Project Unique Features Green Mark Features:

8@ST Green Mark Features

Location

Downtown Line MRT 8@BT boasts a prime location in District 21, positioned at the heart of the dynamic Beauty World precinct. Residents enjoy unparalleled connectivity, with the Beauty World MRT Station just a 2-minute walk away. This provides swift access to the Central Business District and Marina Bay Sands, making daily commutes seamless. The development is also strategically located near major expressways such as PIE, BKE, and KJE, enhancing accessibility to different parts of the city. Embracing the essence of urban convenience, the area is surrounded by an array of amenities. Residents can indulge in shopping at nearby malls like Beauty World Plaza, The Linq @ Beauty World, and Beauty World Centre. For daily necessities, supermarkets like FairPrice Xpress and Giant Super - Beauty World Centre are within easy reach, ensuring a hassle-free shopping experience. Additionally, the proximity to Bukit Timah Market and Food Centre, a mere 5-minute walk away, provides diverse culinary options for residents.

Pei Hwa Presbyterian Primary School Ideal for young couples or families, 8@BT is close to educational institutions such as Pei Hwa Presbyterian Primary School is within 1KM radius and conveniently accessible to renowned schools along Bukit Timah Road.  Healthcare needs are met with accessible clinics like Chungkiaw Clinic Pte Ltd, ensuring prompt attention to emergencies and regular checkups. Postal services are available at Post Box, and monetary services can be accessed at Maybank - BtTimah.

Nearby Green Spaces Nature enthusiasts will appreciate the lush surroundings, with three nature parks—Bukit Timah Nature Reserve, Rifle Range Nature Park, and The Rail Corridor—offering an escape into green tranquility. In essence, 8@BT combines the vibrancy of urban living with the serenity of nature, offering residents a well-balanced and convenient lifestyle. URA MASTERPLAN: ENHANCED CONNECTIVITY AT BEAUTY WORLD’S UPCOMING INTEGRATED TRANSPORT HUB Integrated Transport Hubs (ITHs) are fully air-conditioned bus interchanges that provide seamless connection between MRT stations and adjoining commercial developments such as shopping malls. One of the proposals included in the Draft Master Plan 2019 is the development of an ITH at Beauty World. These transport hubs are designed to improve the travel experience for public transport commuters as we march towards an increasingly car-lite Singapore. Residents around the future ITH at Beauty World will have much to look forward to when it comes to accessing the plethora of commuter routes. More transport options are in the horizon as Phase 2 of the Cross Island Line is expected to pass through the Bukit Timah area.

8@ST Showflat Location

8@BT Beauty World Location Map

8@ST Site View What's Nearby?

Nearby Amenities Trains (MRT) • Beauty World 129m • King Albert Park 921m Shopping/ Groceries • Beauty World Plaza 220m • Beauty World Centre 290m • Bukit Timah Plaza 560m Trains (MRT) • Anglo-Chinese Secondary 0.28 km • Pei Hwa Presbyterian Primary 0.42 km

Site/ Floor Plan/ Unit Mixes

The design concept involves the creation of a modular system, which integrates natural open space modules. These open space modules work in collaboration with the building’s structure to produce a range of distinctive with unique features. The site plan of 8@BT has been thoughtfully designed to make the most of space while preserving a scenic environment that Singaporeans will appreciate. The developer, known for their dedication to creating high-quality properties with top-notch facilities, has poured their expertise into this development. Among the outstanding amenities are a refreshing swimming pool, a well-equipped gym, a community clubhouse, inviting BBQ pits, a playground for the kids, steam room & many more.

Smart Homes Safety and security are a top priority at 8@BT, catering to the peace of mind that local residents value. The development is equipped with comprehensive security features, including 24/7 surveillance, CCTV cameras, access control systems, and intercoms. For those who own cars, a spacious and well-lit parking area is readily available. Additionally, the development embraces modern living with a smart home system, allowing residents to conveniently control lighting, temperature, and security from anywhere in their homes, a feature Singaporeans will find both practical and appealing.

8@ST Site Plan

8@ST Surrounding View Unit Mixes/ Diagrammatic Chart

8@ST Unit Mixes

Typical Floor Plan

1BR A1 (Showflat)

2BR B1

2BR B3 (Showflat)

3BR C1

3BR C3 (Showflat)

4BR D2

Gallery

Exteriors & Interiors With slightly over 150 units, you can truly feel the highest level of privacy. The separation of Active Zone and Private Space offers a sense of connection to the outside world while not lacking a sense of peace and order. A complete Well-Being retreat destination, provides an exhilarating mix of facilities in the vast area. This is a place, where you can always join in the activities with your family.

8 Units Per Floor

Building Design Reenergise your body with our state-of-the art amenities, curated for your preferred activities at various facilities on different levels. Reward yourself with deeper Well-Being. At our swimming pool and jacuzzi, you can let it all go and collect yourself at the same time. While the unblocked view relaxes your mind, leave you feeling invigorating as ever. Exteriors & Facilities

Interiors

Pricing

Estimated Launch Price $2300-2400 psf Please Contact Us at +65.84188689 It is important to only engage the Official Direct Developer Sales Team to assist you to enjoy the best possible direct developer price. There is no commission required to be paid.

Payment Terms & Fee Standard Progressive Payment:  - Booking Fee 5% - Within 8 Weeks, Exercise Sales & Purchase Agreement (S&P), and pay 15% + Stamp Duty + ABSD (if any) - Balance 80% Based on Progressive Payment

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[bachassociates1]

Reserve Study HOA Seattle | Specialized Construction Funding

David Bach & Associates is a Seattle based professional reserve study and construction management firm specializing in consulting, owner representation, and management of condominium and homeowner association repair and remediation projects. Over the years, we have established ourselves as a leader in the industry with a strong reputation among clients, community association managers, attorneys, bankers, architects, engineers, contractors, and other construction professionals. Our goal is to provide our clients with sound advice that will deliver a final project exceeding their expectations. https://bachassociates.com/reserve-studies/

[parterreproperty]

Find the Best Condominium Management Services in Calgary

In addition, Parterre Property Services Inc is committed to staying up-to-date with the latest industry standards and regulations. They have a deep understanding of the specific requirements and regulations that apply to condominiums in Calgary and Edmonton, and they use this knowledge to provide customized solutions that are tailored to the individual needs and goals of their clients. Whether you need help with a special project or you want to explore new ways to enhance the value of your property, Parterre Property Services Inc is always there to help.

Working with Parterre Property Services Inc. also offers a range of additional benefits, including access to their network of trusted contractors and suppliers, and their ability to negotiate favorable rates and terms on behalf of their clients. They also offer a variety of value-added services, such as coordinating special events and projects, and managing insurance claims. Whether you need help with a special project or you want to explore new ways to enhance the value of your property, Parterre Property Services Inc is always there to help.

Our clients are the primary beneficiaries of our Condominium support services. At Parterre, we provide the full range of support services in order to minimize net operating costs and expenditures.

Accounting

Parterre acknowledges that every client and property is unique. Our accounting group prides itself on its ability to provide timely, accurate and thorough financial reporting, accounts receivable management, payables processing and fund investment.

Asset Management

The Asset Management Team coordinates property management, vendor management, building systems management, construction deficiencies and capital projects. Continuity is one of the team’s core strengths.

Asset Preservation

Parterre’s Risk Management Team identifies potential risk and liabilities that may adversely impact the financial and physical condition of the asset. The team reviews insurance programs, manages and documents claims and establishes/reviews Reserve Fund Studies. We currently manage over $450,000,000.00 in property valuations providing for beneficial premium discounts to our clients.

Information Systems

Real time reporting is paramount in this rapidly changing and highly competitive industry. Staying ahead of the market requires continued commitment and investment in technology to improve productivity and communications. By teaming with Yardi, an international property management software company, we’ve created a streamlined process that delivers accurate, timely results.

For more information about Condo Property Management Calgary and Condominium Manager visit here Parterre Property Services Inc.

[mililiver]

When Is The Correct Time To Get A Condominium In Singapore?

When taking into consideration the optimal time to obtain a condo in Singapore, you may find your own self reflecting upon a myriad of elements that might significantly affect your selection. From market patterns to private financial readiness, each element plays an essential part in identifying the right minute to make that assets. By studying these vital components diligently, you can easily get through the powerful real level landscape with peace of mind and also make an educated option that aligns with your targets and goals.

Existing Market Health Conditions

When thinking about the correct time to get a residence in Singapore, examining the present market ailments is actually essential for making an educated decision. One area that has actually gotten interest lately is the Emerald of Katong. The emerald of katong is actually a respected condo facility understood for its own spectacular conveniences as well as prime location in the dynamic Katong community. With its abundant vegetation and also modern architecture, the Emerald green of Katong uses a special lifestyle expertise that interest lots of prospective purchasers. Keep an eye on the market fads bordering homes like the Emerald of Katong to evaluate the general health of the property market and also identify if it's the right time to buy.

Rates Of Interest Trends

Assessing the present interest price styles is critical when thinking about the timing to acquire a condo in Singapore. Rates of interest participate in a notable part in identifying the overall cost of your home loan. Watch on the current rates of interest as they straight influence your month-to-month repayments. If rates of interest are low, it may be a great time to protect a mortgage for your condo purchase as it could imply lesser monthly payments. On the other hand, climbing rate of interest can lead to much higher monthly prices, impacting your budget plan and also price.

Financial Reliability Assessment

Checking your economic security is critical when taking into consideration the investment of a condo in Singapore. Begin through determining your existing earnings, financial savings, and debts. Compute your regular monthly costs to ensure you may comfortably afford mortgage loan payments, servicing fees, as well as other affiliated expenses. It's recommended to have a reserve allocated to deal with unforeseen expenditures or even financial fluctuations. Review your credit report as it participates in a notable task in mortgage permission as well as passion fees.

Long-Term Expenditure Prospective

To gauge the lasting expenditure possibility of acquiring a condo in Singapore, look at factors like market patterns, location worth, and also potential for rental revenue. Always keep an eye on the real estate market to pinpoint styles that might have an effect on the market value of your home as time go on.

Choosing an apartment in a prime area with services, great institutions, and also accessibility to transit hubs can boost its own lasting worth. Also, condos found in regions with potential commercial infrastructure growths or urban revitalization tasks might see an increase in value over the years.

Place and also Framework Advancement

Considering the location as well as structure growth of emerald of katong in Singapore is critical for determining its long-lasting financial investment capacity. When selecting an apartment, seek places along with great connection to mass transit like MRT terminals and also bus stopovers. Closeness to services such as shopping center, institutions, as well as playgrounds may enhance the residential or commercial property's worth with time.

Conclusion

Thus, when it involves purchasing a condo in Singapore, ensure to carefully look at the current market conditions, rate of interest styles, financial security, long-term financial investment potential, site inclinations, programmer credibility and reputation, resell market expectation, rental turnout analysis, as well as individual way of living selections. Through staying educated and also carrying out complete analysis, you can easily identify the correct time to buy that lines up with your targets and desires.

[northstarreserve]

The Key to Condo Stability: Reserve Studies

Ever thought of owning a condo? It's unique. You've got your freedom plus the shared living arrangements. Homeownership bonuses without the shared spaces' upkeep hassle. But any property purchase, like condos, requires smart money planning. This ensures it stays strong and lasts. The best tool for that? Top condo reserve fund study.

This is where condo reserve study company in Washington come in. They're your total money planning guide, keeping your condo group's long-term needs in check. They examine essential common areas—roofs, elevators, parking areas, and fun zones—and predict future fix or replace costs. With this study, condo groups can figure out the right financial reserves for proper property maintenance.

Research studies are very important

They give condo groups useful information about their money, health, and lasting success. Here's why reserve study company with professionals in Wyoming.

Do these studies are key:

Money Plans

Studies like these predict future costs. They help condos save money for upcoming needs. Spot future fix-ups early. It'll clear up your budget and keep you from breaking the bank.

Transparency

Here's a tip. Solid financial plans build trust with condo owners. A hefty research study shows expected costs, which makes great money management shine.

Regular check-ups are key.

Condos need constant care to hold their value high. With the habit of taking action early and backing it up with top condo reserve fund study, you can hold off those costly repairs that pull your property value down.

Watch out for sudden costs.

Reserve studies keep you from slipping into money traps tied to surprise fixes or emergencies. When you save money for what’s coming down the road, condo builders can swiftly tackle those to-do tasks. This way, they sidestep those hefty fees or loans that hit homeowners hard.

Rules of Law:

Top condo reserve fund study boards often must work hard to keep their reservations filled regularly. By doing so, they serve homeowners while also meeting important regulations.

Best condominium reserve study in Montana usually focus on vital subjects:

Looking Over All

A thorough check of all shared property spaces is done. This lets them understand their status and predict their endurance. Items checked include all structural elements, machinery, and bonus features.

Figuring Costs

They utilize data from the latest check-up to estimate the cost for each item's repair or replacement over a defined period, generally 20 to 30 years.

Money Saving Tactic

Top condo reserve fund study showcases a monetary outline. It depicts how crucial cash will increase over time for future costs. Things like inflation, interest, and gains from investment are considered.

Examining the Reserve

The reserve study probes the present status of the reserve fund. It matches future fiscal needs. This checkup spotlights any regions with excess or a lack of money. It helps determine how much should be added to the reserves.

Updating the Reserve Study:

Reserve studies need refreshes now and then. It keeps them up to date with how the property is doing, any market changes, and any money shifts. Regular updates make sure the reserve study stands the test of time.

After a research study, a condo association has to do what it suggests. Here are some tips on how condo associations can put a reserve study to work:

Money Planning

Think about your annual funds. Save for the unexpected stuff that studies show us happens. Remember to plan for routine and big jobs ahead.

Task Sorting

Decide on the urgent fixes first. Pick them based on how vital they are and their impact on the property's safety and usefulness. Swift action on substantial upkeep issues can stop additional harm and economize future repair costs.

Align with homeowners

Update homeowners about the inspection findings and the group's future maintenance strategies. Openness and direct dialogue will enrich trust and unity among condo residents.

Explore Financing Options:

If there's not enough money, think about other ways to get more. You can consider paying extra fees, getting loans, or investing extra money. Compare the costs and benefits of each choice to find the best fix for the association.

Keep an eye out.

Be on your toes about how your tasks are moving forward and how your savings are accumulating. Seeing this can show if your team is heading towards the money goals for your future. If random hurdles pop up or unexpected expenses come in, adjustments may be required.

Conclusion

To wrap up, top reserve study companies in Idaho are key players in making sure condos remain financially sound and long-lasting. They provide important details about future upkeep duties, which require substantial funding. Thanks to these reserve studies, organizations are able to make enlightened decisions to maintain the value of their property and make living there far more pleasurable for homeowners. By making money matters crystal clear, taking a proactive stance on maintenance, and setting responsible monetary practices, condos become stable and lay the groundwork for what's to come.

[newcondosg]

Discover The Botany At Dairy Farm: Your Oasis in the City 🌿

Are you seeking a tranquil retreat close to nature while still enjoying the convenience of urban living? Look no further than The Botany at Dairy Farm.

Here are five highlights that make this residential development stand out:

1. Choice Location Within Established Residential Estate

Situated in an established residential estate, The Botany offers easy access to major roads and expressways like Bukit Timah Expressway (BKE) and Pan Island Expressway (PIE), ensuring seamless connectivity for residents.

2. Proximity to Schools and Amenities

Families will appreciate the proximity to reputable schools such as CHIJ Our Lady Queen of Peace and the German European School Singapore. Additionally, shopping malls like Hillion Mall and Bukit Panjang Plaza provide a wide array of shopping, dining, and entertainment options.

3. Tranquil Enclave Close to Nature

With Dairy Farm Nature Park and Bukit Timah Nature Reserve nearby, residents can escape the hustle and bustle of city life and immerse themselves in lush greenery just steps away from their doorstep.

4. Diverse Unit Types Available

From cozy 1-bedroom units to spacious 5-bedroom residences, The Botany offers a variety of unit types spread across 386 units over 5 blocks ranging from 9 to 15 storeys.

5. Modern Design with Sustainable Features

The development boasts a modern architectural design that integrates elements of tropical architecture such as sky terraces, balconies, communal planter boxes, and vertical green walls.

Diving deeper into project details:

Sales Launch Date: October 21, 2021

Tender Submission Date: March 8, 2022

Site Area: 15,663.2 m²

Maximum Gross Floor Area: 32,893 m²

Total Units: 386 units

Nearby Amenities:

Schools: CHIJ Our Lady Queen of Peace, German European School Singapore

Shopping Malls: Hillion Mall, Bukit Panjang Plaza

Recreational Facilities: Dairy Farm Nature Park, Bukit Timah Nature Reserve

Investment Potential Analysis

The Botany At Dairy Farm - Investment Potential Analysis

The Botany At Dairy Farm is a condominium development in Singapore's District 23, consisting of 386 residential units across five blocks. Developed by Sim Lian Group, the project offers various unit types from 1-bedroom+study to 5-bedroom units. The development is set to receive its Temporary Occupation Permit (TOP) by 2027.

Sales Performance and Demand

Nearly half of the units were sold on the launch day, with an average price of S$2,070 per square foot.

Strong demand for one- and two-bedroom units, with high sales percentages.

Indicates robust buying interest in suburban condominiums.

Location and Connectivity

Close proximity to Hillview MRT station and well-connected via expressways.

Walking distance to Hillview MRT Station and direct buses to various locations.

Adjacent to Dairy Farm Mall, surrounded by nature parks.

Amenities and Facilities

50 condominium amenities available, including a Grand Clubhouse, co-working space, gym, outdoor pavilion, pools, and wellness amenities.

Near educational institutions like German European School Singapore and CHIJ Our Lady Queen of Peace.

Pricing and Affordability

Prices start from S$998,000 for one-bedroom plus study units and from S$2.9 million for five-bedroom units.

Competitive pricing compared to other new launches in the area.

Investment Potential

Strong sales performance, strategic location, and competitive pricing indicate good investment potential.

Proximity to nature parks, connectivity, and comprehensive facilities make it attractive for owners and investors.

High demand for smaller units suggests a healthy rental market.

Risks and Considerations

99-year leasehold nature of the property may impact long-term value.

Market volatility and economic factors can affect property values.

Potential influence of future residential developments in the area.

In conclusion, The Botany At Dairy Farm offers a compelling investment opportunity based on its sales performance, location advantages, and amenities. However, investors should carefully consider associated risks and the leasehold tenure of the property.

Ready to experience The Botany at Dairy Farm firsthand? Book your showflat appointment now to secure your slice of serenity amidst nature within urban conveniences!

📞 Book Showflat Appointment Now!

"Embrace nature without compromising on convenience at The Botany At Dairy Farm! 🌳�*"

[kellerenginnering-blog]

How to Choose the Right Engineering Consulting Firm for Your Reserve Fund Study

Introduction

For condominium boards, co-op associations, and property managers, planning for the future is essential. One crucial aspect of this planning is conducting a Reserve Fund Study, which assesses the condition of a property and its components while estimating the funds needed for future repairs and replacements. Choosing the right Engineering Consulting Firms Toronto to perform this study is paramount. In this blog, we will guide you through the steps to select the best engineering consulting firm for your Reserve Fund Study.

1. Define Your Needs and Goals

Before you start your search, it's crucial to have a clear understanding of your needs and goals for the Reserve Fund Study. Consider factors such as the size and type of property, the scope of the study (including common elements and exclusive-use areas), and any specific concerns or priorities.

2. Research Potential Firms

Start by compiling a list of engineering consulting firms in your area that specialize in Reserve Fund Studies Calgary. You can ask for recommendations from industry peers, check online directories, or contact your local engineering association for referrals. Ensure that the firms you consider have experience with properties similar to yours.

3. Verify Credentials and Experience

Once you have a list of potential firms, it's essential to verify their credentials and experience. Look for the following:

Professional Engineers: Ensure that the firm's engineers are licensed professionals with expertise in building evaluations and Reserve Fund Studies.

Experience: Review the firm's track record in conducting Reserve Fund Studies for properties similar to yours. Ask for references and case studies.

Insurance: Confirm that the firm carries professional liability insurance to protect against errors and omissions.

4. Interview Potential Firms

Narrow down your list of candidates and schedule interviews with the top firms. During the interviews, ask questions such as:

How do you approach Reserve Fund Studies, and what is your methodology?

Can you provide a detailed outline of the study process, including timelines and milestones?

What technology and tools do you use for inspections and evaluations?

Do you have experience working with our type of property or similar communities?

Can you provide examples of past Reserve Fund Studies you've conducted?

How do you handle unforeseen issues or changes during the study process?

What is your fee structure, and what services are included in the cost?

5. Request Proposals

After the interviews, request written proposals from the firms that meet your criteria. The proposals should outline the scope of work, the timeline, the cost estimate, and any terms and conditions. Carefully review these proposals to ensure they align with your needs and budget.

6. Check References and Past Work

Contact the references provided by the firms and inquire about their experiences working with the consulting firms. Ask about the accuracy of their studies, the quality of communication, and the overall satisfaction with the services provided.

7. Assess Communication and Collaboration

Effective communication and collaboration are vital throughout the Reserve Fund Study process. Evaluate the firm's responsiveness, willingness to address your concerns, and ability to explain complex technical details in a clear and understandable manner.

8. Consider the Long-Term Relationship

A Reserve Fund Study is not a one-time task; it's part of a long-term plan for your property. Consider whether the consulting firm is a good fit for an ongoing partnership, as you may need their services for future updates and studies.

Conclusion

Selecting the right engineering consulting firm for your Reserve Fund Study is a critical decision that can have a lasting impact on the financial health of your property. By defining your needs, researching potential firms, verifying credentials, interviewing candidates, and thoroughly evaluating proposals and references, you can make an informed choice that ensures the accuracy and reliability of your Reserve Fund Study, ultimately benefiting your community's financial stability and peace of mind.

[gardenshomemanagement]

The 10 Best Property Management Firms In Delray Beach, Fl

Contact the property managers close to you and ask if they offer remote or digital providers to accommodate the latest social distancing pointers. For example, some property managers might be able to acquire rent by using digital funds and deal with maintenance points over the telephone or by way of video chat. With over 20 years of HOA and Condominium association management expertise. Since our founding we've been a leader delray beach home management within the management of planned communities, condominiums, and cooperatives. Our workers is comprised of pros and our providers are based upon one of the best practices inside the community associations business. For over thirteen years, the Champagne & Parisi Agents have built a robust legacy in the Delray Beach neighborhood, introducing a worldwide clientele to all Delray Beach Real Estate offers.

To study more concerning the Delray Beach way of life and the communities that suit your needs, contact Champagne & Parisi Real Estate right now. We manage rental property for individual home homeowners throughout South Florida. There are 1000 's of HOA's throughout Florida and we have no idea which company manages this Community. Our free market evaluation provides investors and landlords with a more in-depth view in regards to the value of their residential property investments.

Please present more information about your rental property so we will offer you a brief time period rental earnings estimate and a quote for our property management and Airbnb listing management providers. Luxury Property Care serves nine counties in South Florida but is continuing to increase its reach to help more property managers across the state. The company relies in Boca Raton, however our short term rental property managers may be wherever you need them to be. Although most of our work may be accomplished remotely, we will not hesitate to e-book the next flight to your property simply to ensure that everything is A-OK. If you’ve discovered yourself with a rental property in Florida that you’re planning on renting out for a few days, weeks, or months, look no further than Luxury Property Care.

There can be growing demand for corporate leases as many firms are establishing South Florida places of work. From answering inquiries to scheduling reservations, your dedicated group of quick term rental property managers will handle home management company delray beach the entire reserving course of. Our staff is educated in dealing with personal information similar to names, cellphone numbers, addresses, and credit card information.

Experienced in all aspects of property management, we are ready to simply cope with any situation from tenant complaints to property emergencies. We have a 24/7 name center to answer all forms of property considerations. We defend property owners utilizing this course of but additionally see to it that no one is discriminated in opposition to based mostly on their color, race, sex, religion, disability, familial status, and national origin. Gardens Home Management Services helps to keep intruders away by taking care of your unoccupied home and making it look “lived in”.

Retirement neighborhood houses on the market in Delray Beach, FL have a median itemizing home worth of $399,000. There are 652 retirement community houses for sale in Delray Beach, FL, which spend a median of 60 days on the market. Some of the most properly liked neighborhoods close to Delray Beach, FL are Kings Point, Hunters Run, Villages of Oriole, Boca del Mar, Gleneagles.

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the myst

In case you are considering buying a condo (condo), here are some tactics to help guide you over the process:

Research that condo market: Take time to research the property market in the area where by you want to buy. Take a look at prices, trends, in addition to factors that may have an impact on the value and desirability of condos in that , location.

Understand the technique of a condo: Familiarize yourself with the idea of owning a condo. As opposed to a single-family home, a condo involves discussed ownership of normal areas and the obligation of adhering to the guidelines and regulations specify by the homeowners' connection (HOA).

Evaluate the HOA: Thoroughly review this HOA documents, along with the bylaws, rules, restrictions, and financial records. Understand the charges you'll be required to fork out and the services along with amenities provided by your HOA. Assess the fiscal health of the HOA to ensure it is well-managed.

Assess the condo's ailment: Visit the condo directly and assess a condition. Look for almost any signs of depreciation, maintenance issues, or even potential problems. In the event that necessary, hire a competent inspector to carryout a detailed inspection to distinguish any hidden difficulties.

Consider location together with amenities: Evaluate the spot of the condo as well as its proximity to your operate, schools, amenities, and additionally transportation options. At the same time, assess the amenities made available from the condo problematic, such as parking, pool, fitness center, security, in addition to any other features which might be important to you.

Assessment the condo's financial records: Obtain and overview the financial data files of the condo relationship. Look for any clues of financial steadiness, reserve funds, along with any potential distinctive assessments or potential projects that could impression your expenses to be a condo owner. the myst singapore

Know the condo premiums: Consider the monthly house fees and just what they cover. Evaluate if the fees can be reasonable and good services and comforts provided. Ensure that a fees fit perfectly within your budget.

Review apartment rules and limitations: Understand the rules together with restrictions set through the HOA. These might cover aspects including pet policies, apartment restrictions, noise polices, and alterations you could make to your unit. Ensure that you are comfortable with the foundations and restrictions in advance of making a purchase.

Find professional advice: Give consideration to working with a real estate agent whom specializes in condos. They are guide you through the approach, help you find suitable attributes, negotiate on your behalf, and allow valuable insights in line with their experience within the condo market.

Fully understand insurance coverage: Inquire for the insurance coverage provided by that HOA and realise it covers. You might need to obtain additional insurance protection to protect your personal important things and liabilities.

Insurance policy for additional costs: Beyond just the purchase price, consider various costs associated with choosing a condo, such as finishing costs, property fees, and moving fees. Also, budget for repeat expenses like residence fees, utilities, and additionally potential assessments.

Study and understand this purchase agreement: Examine the purchase binding agreement carefully before deciding upon. Ensure you understand many of the terms and conditions, contingencies, in addition to timelines involved in the buy process.

Remember to spend some time, conduct thorough homework, and ask questions over the condo buying course of action. It's important to feel assured and informed just before making a decision.

The Myst by City Developments Limited. Sales Hotline 6100-1116. Get Developer Price, Floor Plan, Price List, Brochure etc. New launch at Upper Bukit Timah Road.

References

Condominium

https://en.wikipedia.org/wiki/Condominium

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8@BT Beauty World

8@BT Beauty World

8@BT is a New Condo development by Bukit Sembawang will offer premium living in the Beauty World area, mere 2 minutes walk to the MRT station and various amenities and attractions. It's also within 1KM radius to Pei Hwa Primary School. Priced To Sell Register for preview in Sept 2024 Showflat Types:  1bdrm (Type A1, 517sqft) stack 07 2bdrm (Type B3, 732sqft) stack 08 3bdrm (Type C3, 1163sqqft) stack 04 Penthouse (PH2, 1593sqft) stack 03 ✔ Exclusive 158 Residences ✔ By Acclaimed Developers – Bukit Sembawang ✔ Embrace the transformation of Beauty World ✔ Nestled in a Tranquil Residential Enclave ✔ 2-minute stroll to Beauty World MRT Station ✔ Premier Schools within 1KM: Pei Hwa Presbyterian Primary School ✔ Enjoy seamless access to the upcoming expressway – Bukit Timah Corridor. A key transit route linking the locale to major city areas Book Appointment "8@BT Bukit Timah Link: Where Elegance Meets Convenience in Every Step."

Introduction

Nestled in the heart of District 21, 8@BT Beauty World is a brand-new 99-year leasehold condominium that offers residents a vibrant and convenient lifestyle. With its strategic location, modern amenities, and thoughtfully designed units, 8@BT is an ideal choice for young couples, families, and investors alike. 8@BT enjoys excellent connectivity, mere 2-minute walk from Beauty World MRT Station, offering quick access to the Central Business District and Marina Bay Sands. At the centre of the Beauty World neighbourhood, amenities and malls are within easy reach. The upcoming development at Bukit Timah Link is designed by the President’s Design Award winner, Khoo Peng Beng and Belinda Huang of Arc Studio Architecture + Urbanism Pte Ltd. The residential development is located at the heart of the vibrant Beauty World precinct, a gentrifying urban village framed by the lush foothills of Bukit Timah, the bygone industrial factories of the early 20th Century, the former Malayan Railway, and the residential Good Class Bungalow enclave at King Albert Park.

Residents are also spoiled for choice when it comes to amenities. The development is surrounded by a plethora of shops, restaurants, supermarkets, and clinics. Popular nearby establishments include Beauty World Plaza, The Linq @ Beauty World, Beauty World Centre, FairPrice Xpress, Giant Super - Beauty World Centre, Chungkiaw Clinic Pte Ltd, Post Box, and Maybank - BtTimah. For those seeking leisure and recreation, 8@BT is close to several parks and nature reserves, including Bukit Timah Nature Reserve, Rifle Range Nature Park, and The Rail Corridor. These green spaces offer ample opportunities for outdoor activities such as hiking, biking, and birdwatching. Parents will appreciate the proximity of 8@BT to several reputable schools, including Pei Hwa Presbyterian Primary School and other renowned schools along Bukit Timah Road. LIVE Enrich Our Growing Community. LIVE refers to the style of architecture that perfectly blends nature with living. The design focuses on natural wind and air circulation, sunlight through floor-to-ceiling windows, and green areas that give residents the feeling of home in every step of the project. WELL Work-Life Balance WORK signifies easy to work solutions, specifically the project’s co-working space within the premises provides residents with a dedicated area to work or study without having to commute to an external office or library. This convenience can be especially beneficial for remote workers, students, or entrepreneurs living in the condo. LIFE Take Quality of Life to the next level. LIFE focuses on enhancing residents’ quality of life by providing a large common area to meet future living trends and to satisfy the lifestyles of all generations, with facilities such as the Club Houses, fully equippep Gymnasium, Lounge, a Family’s Pool, and a 50-meter swimming pool with a hydrotherapy system. 8@BT is well-positioned for strong capital appreciation, given its prime location, excellent connectivity, and limited supply of new condominiums in the area. Investors can expect healthy rental yields and potential capital gains in the years to come. Fact Sheet TypeDescriptionsProject Name8@BTDeveloperBukit Sembawang Estates LimitedLocation6, 8 Bukit Timah Link Singapore 589943, 589944 (District 21)Tenure99 Years Leasehold from 13 Feb 2023Estimated CompletionQ4 2027Site Area4,611.1 sqm / 44,132 sqftTotal Units158 units in 2 blocks of 20-Storey Car Park Lots126 lots ( ~ 80% allocation)

Developer

Bukit Sembawang Estates Limited The Developer of the development 8@BT -  Bukit Sembawang Estates Limited started as a rubber company in 1911 and later diversified by incorporating landed property. The company is headquartered in Singapore in Singapore city and has approximately 200 employees. The company was listed as a limited company in 1968 allowing it to fully focus on the development of the property, other property-related activities as well as investments. It has been over a half a century where the company has been engaged in building some of the most well-known developments in the residential category such as in Seletar. Bukit Sembawang Projects Bukit Sembawang Estates Limited built 2,500 homes and more than 1,000 houses which are located in Sembawang Hills and there are more than 500 houses built in other locations. Bukit Sembawang Estates Limited is one of the pioneers in Singapore in regard to the development of residential development hence leading to the establishment of trusted developer reputation well known for the development of quality homes which have great value. This kind and unwavering commitment have enabled the company to secure Awards as well as numerous accolades over the time then it has been in existence. Standards by Bukit Sembawang Estates Due to standards which have been attained by the company, there has been the delivery of lifestyle homes which are distinct from each other hence enabling families to have memorable moments in them. The homes developed by Bukit Sembawang Estate Limited have been characterized by outstanding design, thoughtful planning as well as quality finishing. The standards provided by the company usually surpasses the expectations of the home buyers who are discerning them. Bukit Sembawang Estate Limited has established a reputation of developing among the best condominiums as well as apartments in Singapore. The acclaimed portfolio is inclusive of properties such as The Vermont which is located on Cairnhill, Peterson Collection, Skyline Residence, Mimosa Terrace, Luxus Hills Phase 1-7 and Saraca Gardens. Bukit Sembawang Estate Limited is fully committed to ensuring that it contributes to communities which are green and more importantly environmentally friendly. As a way of seeing to it that this is met, the company has an annual initiative called ‘Plant-A-Tree’ with the main agenda of offsetting the global carbon emissions. According to the records of the company, by August 2018, the company planted 25 trees in Luxus Hills Park.

Project Highlights

Unique Selling Points

- Developed by the esteemed Bukit Sembawang - Located at the Heart of Bukit Timah - Exceptional Connectivity – A brief stroll to an integrated transport hub featuring a bus interchange and an underground link to Beauty World MRT Station - Minutes away from three nature parks: Rifle Range Nature Park, Bukit Timah Nature Reserve, and Bukit Batok Nature Park - Proximity to Pei Hwa Presbyterian Primary School, Methodist Girls School, and renowned educational institutions like Hwa Chong Institution, Anglo-Chinese School (Independent) - 5-minute walk to Bukit Timah Market and Food Centre, with close access to restaurants along Cheong Chin Nam - Conveniently located near the CBD and major expressways such as PIE, BKE, and KJE - Just one MRT stop to King Albert Park Station on the Downtown Line (Interchange with the future Cross Island Line) - Strong focus on residents' well-being, offering a plethora of facilities within the development and a spacious central landscape for relaxation and community interaction

Project Unique Features Green Mark Features:

8@ST Green Mark Features

Location

Downtown Line MRT 8@BT boasts a prime location in District 21, positioned at the heart of the dynamic Beauty World precinct. Residents enjoy unparalleled connectivity, with the Beauty World MRT Station just a 2-minute walk away. This provides swift access to the Central Business District and Marina Bay Sands, making daily commutes seamless. The development is also strategically located near major expressways such as PIE, BKE, and KJE, enhancing accessibility to different parts of the city. Embracing the essence of urban convenience, the area is surrounded by an array of amenities. Residents can indulge in shopping at nearby malls like Beauty World Plaza, The Linq @ Beauty World, and Beauty World Centre. For daily necessities, supermarkets like FairPrice Xpress and Giant Super - Beauty World Centre are within easy reach, ensuring a hassle-free shopping experience. Additionally, the proximity to Bukit Timah Market and Food Centre, a mere 5-minute walk away, provides diverse culinary options for residents.

Pei Hwa Presbyterian Primary School Ideal for young couples or families, 8@BT is close to educational institutions such as Pei Hwa Presbyterian Primary School is within 1KM radius and conveniently accessible to renowned schools along Bukit Timah Road.  Healthcare needs are met with accessible clinics like Chungkiaw Clinic Pte Ltd, ensuring prompt attention to emergencies and regular checkups. Postal services are available at Post Box, and monetary services can be accessed at Maybank - BtTimah.

Nearby Green Spaces Nature enthusiasts will appreciate the lush surroundings, with three nature parks—Bukit Timah Nature Reserve, Rifle Range Nature Park, and The Rail Corridor—offering an escape into green tranquility. In essence, 8@BT combines the vibrancy of urban living with the serenity of nature, offering residents a well-balanced and convenient lifestyle. URA MASTERPLAN: ENHANCED CONNECTIVITY AT BEAUTY WORLD’S UPCOMING INTEGRATED TRANSPORT HUB Integrated Transport Hubs (ITHs) are fully air-conditioned bus interchanges that provide seamless connection between MRT stations and adjoining commercial developments such as shopping malls. One of the proposals included in the Draft Master Plan 2019 is the development of an ITH at Beauty World. These transport hubs are designed to improve the travel experience for public transport commuters as we march towards an increasingly car-lite Singapore. Residents around the future ITH at Beauty World will have much to look forward to when it comes to accessing the plethora of commuter routes. More transport options are in the horizon as Phase 2 of the Cross Island Line is expected to pass through the Bukit Timah area.

8@ST Showflat Location

8@BT Beauty World Location Map

8@ST Site View What's Nearby?

Nearby Amenities Trains (MRT) • Beauty World 129m • King Albert Park 921m Shopping/ Groceries • Beauty World Plaza 220m • Beauty World Centre 290m • Bukit Timah Plaza 560m Trains (MRT) • Anglo-Chinese Secondary 0.28 km • Pei Hwa Presbyterian Primary 0.42 km

Site/ Floor Plan/ Unit Mixes

The design concept involves the creation of a modular system, which integrates natural open space modules. These open space modules work in collaboration with the building’s structure to produce a range of distinctive with unique features. The site plan of 8@BT has been thoughtfully designed to make the most of space while preserving a scenic environment that Singaporeans will appreciate. The developer, known for their dedication to creating high-quality properties with top-notch facilities, has poured their expertise into this development. Among the outstanding amenities are a refreshing swimming pool, a well-equipped gym, a community clubhouse, inviting BBQ pits, a playground for the kids, steam room & many more.

Smart Homes Safety and security are a top priority at 8@BT, catering to the peace of mind that local residents value. The development is equipped with comprehensive security features, including 24/7 surveillance, CCTV cameras, access control systems, and intercoms. For those who own cars, a spacious and well-lit parking area is readily available. Additionally, the development embraces modern living with a smart home system, allowing residents to conveniently control lighting, temperature, and security from anywhere in their homes, a feature Singaporeans will find both practical and appealing.

8@ST Site Plan

8@ST Surrounding View Unit Mixes/ Diagrammatic Chart

8@ST Unit Mixes

Typical Floor Plan

1BR A1 (Showflat)

2BR B1

2BR B3 (Showflat)

3BR C1

3BR C3 (Showflat)

4BR D2

Gallery

Exteriors & Interiors With slightly over 150 units, you can truly feel the highest level of privacy. The separation of Active Zone and Private Space offers a sense of connection to the outside world while not lacking a sense of peace and order. A complete Well-Being retreat destination, provides an exhilarating mix of facilities in the vast area. This is a place, where you can always join in the activities with your family.

8 Units Per Floor

Building Design Reenergise your body with our state-of-the art amenities, curated for your preferred activities at various facilities on different levels. Reward yourself with deeper Well-Being. At our swimming pool and jacuzzi, you can let it all go and collect yourself at the same time. While the unblocked view relaxes your mind, leave you feeling invigorating as ever. Exteriors & Facilities

Interiors

Pricing

Estimated Launch Price $2300-2400 psf Please Contact Us at +65.84188689 It is important to only engage the Official Direct Developer Sales Team to assist you to enjoy the best possible direct developer price. There is no commission required to be paid.

Payment Terms & Fee Standard Progressive Payment:  - Booking Fee 5% - Within 8 Weeks, Exercise Sales & Purchase Agreement (S&P), and pay 15% + Stamp Duty + ABSD (if any) - Balance 80% Based on Progressive Payment

Download

Download E-Brochure Get a Copy! Read the full article

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Professional construction management for condominium and homeowner associations.

David Bach & Associates is a professional reserve study and construction management company specializing in consulting, owner representation, and management of condominium and homeowner association repair and remediation projects. Our services are tailored to each Client’s specific needs and requirements. We act solely on behalf of our clients as their agent, and use our skills to provide owners with more effective control of their construction projects, delivering the best possible results on time and within budget. The Owners’ best interest is always our top priority. https://bachassociates.com/

[nuadox]

Right-to-charge laws bring the promise of EVs to apartments, condos and rentals

- By Eleftheria Kontou , University of Illinois at Urbana-Champaign , The Conversation -

More than 3.6 million electric cars are driving around the U.S., but if you live in an apartment, finding an available charger isn’t always easy. Grocery stores and shopping centers might have a few, but charging takes time and the spaces may be taken or inconvenient.

Several states and cities, aiming to expand EV use, are now trying to lift that barrier to ownership with “right to charge” laws.

Illinois’ governor signed the latest right-to-charge law in June 2023, requiring that all parking spots at new homes and multiunit dwellings be wired so they’re ready for EV chargers to be installed. Colorado, Florida, New York and other states have passed similar laws in recent years.

But having wiring in place for charging is only the first step to expanding EV use. Apartment building managers, condo associations and residents are now trying to figure out how to make charging efficient, affordable and available to everyone who needs it when they need it.

Electric cars can benefit urban dwellers

As a civil engineer who focuses on transportation, I study ways to make the shift to electric vehicles equitable, and I believe that planning for multiunit dwelling charging and accessibility is smart policy for cities.

Transitioning away from fossil-fueled vehicles to electric vehicles has benefits for the environment and the health of urban residents. It reduces tailpipe emissions, which can cause respiratory problems and warm the climate; it mitigates noise; and it improves urban air quality and quality of life.

Surveys show most EV drivers charge at home, where electricity rates are lower than at public chargers and there is less competition for charging spots. In California, the leading state for EVs, 88% of early adopters of battery electric cars said they were able to charge at home, and workplace and public charging represented just 24% and 17% of their charging sessions, respectively. Nationwide, about 50% to 80% of all battery electric car charging sessions take place at home.

Yet almost a quarter of all U.S. housing structures have more than one dwelling unit, according to the 2019 American Housing Survey. In California, 32.5% of urban dwellings have multiple units, and only a third of those units include access to a personal garage where a charger could be installed.

Even if installing a personal charger is an option, it can be expensive in a multiunit dwelling if wiring isn’t already in place. And it often comes with other obstacles, including the potential need for electrical upgrades or challenges from homeowner association rules and restrictions. Installing chargers can involve numerous stakeholders who can impede the process – lot owners, tenants, homeowners associations, property managers, electric utilities and local governments.

However, if a 240-volt outlet is already available, basic charger installation drops to a few hundred dollars.

Right-to-charge laws aims for ubiquitous home charging

Right-to-charge laws aim to streamline home charging access as new buildings go up.

Illinois’ new Electric Vehicle Charging Act requires that 100% of parking spaces at new homes and multiunit dwellings be ready for electric car charging, with a conduit and reserved capacity to easily install charging infrastructure. The new law also gives renters and condominium owners in new buildings a right to install chargers without unreasonable restriction from landlords and homeowner associations.

California, Colorado, Florida, Hawaii, Maryland, New Jersey, New York, Oregon and Virginia also have right-to-charge laws designed to make residential community charging deployment easier, as do several U.S. cities including Seattle and Washington, D.C. Most apply only to owner-occupied buildings, but a few, including California’s and Colorado’s, also apply to rental buildings.

Chicago officials have considered an ordinance that would include existing buildings, too.

Sharing chargers can reduce the cost

There are several steps communities can take to increase access to chargers and reduce the cost to residents.

In a new study, colleagues and I looked at how to design shared charging for an apartment building with scheduling that works for everyone. By sharing chargers, residential communities can reduce the costs associated with charger installation and use.

The biggest challenge to shared charging is often scheduling. We found that a centralized charging management system that suggests charging times for each electric car owner that aligns with the owner’s travel schedule and the amount of charge needed can work – with enough chargers.

In a typical multiunit dwelling in Chicago – with an average of 14 cars in the parking lot – a small community charging hub with two level 2 chargers, the type common in homes and office buildings, can cover daily residential recharging demand at a cost of about 15 cents per kilowatt-hour. But having only two chargers means residents are waiting on average 2.2 hours to charge.

A larger charging hub with eight level 2 chargers in the same city avoids the delay but increases the cost of charging to 21 cents per kWh because of upfront cost of purchasing and installing the chargers. To put that into context, the average electricity cost for Chicago residents is 16 cents per kWh.

The future of charging management at multiunit dwellings will be automated for efficiency, with a computer or artificial intelligence determining the most efficient schedule for charging. Optimized scheduling can be responsive to the times renewable electricity generation sources are producing the most power – midday for solar energy, for example – and to dynamic electricity pricing. Automation can also eliminate delays for drivers while saving money and reducing the burden on the electric grid.

The current limited access to home charging in many cities constrains electric vehicle adoption, slows down the decarbonization of U.S. transportation and exacerbates inequities in electric vehicle ownership. I believe efforts to expand charging in multidwelling buildings can help lift some of the biggest barriers and help reduce noise and pollution in urban cores at the same time.

Eleftheria Kontou, Assistant Professor of Civil and Environmental Engineering, University of Illinois at Urbana-Champaign

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Read Also

Walmart announces EV charging network expansion

[northstarreserve]

Guaranteeing your apartment association’s monetary health and wellness with a book research

As an apartment proprietor or board participant in Washington, you recognize the value of strong financial preparation for your area’s recurring repair and maintenance demands. This is where the condo reserve study company in Washington steps in. These distinctive companies provide a detailed assessment of your condominium association’s common rooms and joint ownerships, forecasting their continued sustainability and future replacement expenses.

Having top condo reserve fund study is key to forming a precise, fully-backed reserve budget. The­ goal? Making sure your association has enough money saved for big costs. We’re talking about things like swapping out roofs, filling up parking lots, updating elevators, and other big, valuable project jobs. If the reserves aren’t up to scratch, owners have to cover the cost and foot the bill for these major expenses. It’s a scenario everyone wants to avoid.

Many seasoned and certified condo reserve study company in Washington. They follow the industry’s top methods. These companies select professional folks that check your property. They dig into repair and replacement timelines using software. These pros produce a rich report that maps out a fitting reserve budget plan. It is tailored to your group’s unique requirements.

Don’t gamble with your community’s money. Work with a credible, local financial advisor. They’ll guide you to maintain your condo’s shared areas. They’ll stay looking great for years ahead.

[thesunshinereporter]

Florida Engineering Provides Milestone Inspections and Reserve Studies for Multi-Story Residential Buildings and Condominiums

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[thealphareporter]

Florida Engineering Provides Milestone Inspections and Reserve Studies for Multi-Story Residential Buildings and Condominiums

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