CALABASAS, Calif., Oct. 24, 2013 /PRNewswire-iReach/ — Association Reserves, a well-known provider of reserve study services in the United States, recently announced its decision to launch a new website dedicated to their Do-it-Yourself Reserve Study kit.
Duane Tilden‘s insight:
>According to an article written using data from Association Reserves’ 30,000 reserve studies, 70 percent of associations in the United States are “underfunded.” This puts many organizations at an increased risk of special assessments, deferred maintenance, declining property values, and board member liability. According to the company, by accounting for the ongoing cost of common area deterioration and then properly funding reserves, boards are able to responsibly prepare for their associations’ future expenses.
“Our goal is to eliminate all excuses for board members not to be aware of the current strength of their Association’s reserve fund and the funding plan necessary to perform common area repairs & replacement in a timely manner,” says Robert Nordlund, PE, RS, the company’s founder. “The path from underfunded to appropriately-funded is a journey and a Reserve Study provides the necessary road map.”<
This medieval English city is investing $1.5 billion for energy upgrades for the entire city.
Duane Tilden‘s insight:
>It’s one thing to build super-energy-efficient new homes and offices – it’s another matter entirely to bring ancient buildings up to par. But the medieval university city of Cambridge, England, plans to do just that with a $1.5 billion retrofit program.
The newly launched Cambridge Retrofit Project aims to reduce carbon emissions from buildings 30% before 2050 through a massive, city-wide retrofit scheme. […]
While the primary goal is reduced energy consumption and carbon emissions, the program also aims to build up local businesses, create warmer homes and increase the value of properties.
Energy savings alone are expected to be worth $2.3 billion and the city’s carbon footprint, currently 830,000 tons a year, is expected to fall 1% a year, eventually reaching 500,000 tons a year as a result of the retrofit program.<
While many “green” building techniques have become the norm for new construction, panelists at a recent ULI forum say significant opportunities exist for upgrading or retrofitting buildings with green systems and technology.