Advancing sustainable building practices decreases building energy consumption and reduces greenhouse gas emissions. With all the costs of running and maintaining a property, how can building owners and operators maintain reserve funds substantial enough to accommodate the unexpected, while increasing energy efficiency and maintaining occupant comfort? Planning a series of practical and efficient upgrades over the reserve fund investment horizon optimizes returns due to good decision making.
Established by the Passivhaus Institute in Darmstadt, Germany in 1996, Passive House was one of the pioneering concepts for building low-energy houses and is the only internationally recognized, science-based energy standard in construction of hyper efficient building envelopes that are applicable to almost any building type or design.
A building standard that is energy efficient, comfortable, affordable, and ecological all at once, these are just some of the benefits to implementing Passive House standards and involving certified designers during the process.
A reserve fund study must be prepared by a specialist like an engineer and provides both a physical assessment and a financial plan to determine how much money will need to be allocated for the fund to ensure repairs will be paid for. When it comes to understanding and maintaining the physical assets of your condominium complex and mitigating your repair costs, nothing matters more, and is more impactful, than reserve fund studies and planning.
