CONDO ARCHIVES

Saving Money without Thinking

July 2021

When a community is operating smoothly saving money is easier.  It just comes naturally.

 

Waste management done poorly is expensive

Recycling and organics properly separated from trash means smaller volumes picked up by more expensive garbage pickup services

Recycling and organics properly separated from trash means smaller volumes picked up by more expensive garbage pickup services.  Some areas offer free recycling and organics pickup for high-rise buildings.  Effective waste separation practices reduce collection costs by 60 percent or more.

Control what goes into the trash chute.  It is expensive to clear a Christmas tree, bed frame, laptop, vacuum or mop stuck in the trash chute.  Each blockage closes the disposal system until removed.  Service calls cost hundreds of dollars.

Pets defecating on grass, roadways, walkways, elevators and in lobbies create unnecessary clean up and repair costs

Pets defecating on grass, roadways, walkways, elevators and in lobbies create unnecessary clean up and repair costs.  Damaged areas present communities in a poor light.

Disposal of cigarette butts, food and diapers off balconies is unsanitary, dangerous and an unexpected clean up cost.  Disposing of kitty litter and grease in kitchen drains damages kitchen stacks with costs nearing $100,000 for some repairs.

Utility consumption is an easy target

Every unit should have a key for turning off water to their unit and a Shutgun for shutting down a damaged ceiling sprinkler unit

The cost of utilities is the largest line item in a condominium corporation budget.  Small improvements make a big difference.

Water costs can be reduced by preventing leaks.  Leak detection systems offer a way to quickly identify leaks which can otherwise continue unnoticed for weeks at a time.  Every unit should have a key for turning off water to their unit and a Shutgun for shutting down a damaged ceiling sprinkler unit.

Electricity and water use drops when unit use is measured and each unit pays for their personal use.

Other easy targets

False fire alarms cost money and divert emergency resources from responding to real emergencies.

Video security systems reduce damage by identifying culprits.  Locating them by garage doors, building entrances and frequently used spaces make it easy to identify who causes damage and for recovery of repair costs.

The cost of regular elevator maintenance is less than emergency repair services.  Out of service issues are less frequent and residents are happier.

Smart communities establish clear rules of conduct.  Enforcement ensures those failing to abide by rules will be responsible for costs incurred.