Reserve fund studies and smart buildings
Buildings are among the largest energy consumers in the world. Advances have been made to turn conventional buildings into smart buildings to allow greater supervision and control of the energy resources. Improvements to energy management strategies achieve significant savings.

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.

involving certified Passive House designers
Climate change is the challenge of our generation, and since buildings consume up to 40 per cent of global energy use and contribute up to 30 per cent of annual global greenhouse gas emissions, they are a key piece of the puzzle towards a low-carbon future.

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.

The right way to approach reserve fund studies
A reserve fund is an account with a financial institution like a bank, loan or trust corporation, or credit union that is separate from the condominium’s operating fund, and is used to pay for major repairs and replacements that may be necessary to the building’s elements.

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.