Great Tax Saving Tools with Similar Goals Real estate investors have known for years that 1031 property exchanges can save taxes. A cost segregation study is something else investors should consider at the same time—as both may save taxes and improve cash flow. Here’s how a cost segregation study may benefit your next transaction. Whereas….
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Seeing Clearly with Window Replacement
Challenges Associated with Window Replacement Window replacement can be one of a condominium board’s greatest challenges. This is due to elements of mystery, timing, and high cost. For a variety of reasons a unit owner may want to replace one or more of her unit’s windows. After following the condo’s guidelines for obtaining approval from….
Commercial Building Inspections: Three Options
Criterium Engineers’ commercial building pre-purchase inspections guide our clients through the due diligence process. The inspections and the resulting reports, performed by licensed, Professional Engineers, inform the prospective buyer regarding important aspects of the property and may also assist in negotiating a purchase price, depending on what is found. All of Criterium’s reports conform to….
Are You a Condo Leader?
With the dust of the election campaigns starting to settle, how often did we ask ourselves why would anyone put themselves through all that? Why risk personal reputation and consumption of precious time for such unguaranteed rewards? Or to the point of this article, why should you join the condo board? The answer(s) will be….
What is a Capital Needs Assessment?
When building owners and property managers plan the financial future of their facilities, the quantitative tool most often chosen is the Capital Needs Assessment (CNA). A CNA creates a capital forecast of needed reserves to fund depreciating asset replacement and prioritize discovered deficiencies while providing a comprehensive document to justify lending requests. CNAs are often….
Top 10 Condo Building Problems
Workmanship, Quality Control & Water… Probably because I have inspected thousands of condo buildings and their units for construction defects and other issues, I am often asked by both prospective condo buyers and property managers to name the most common problems found in new condo developments. Interesting enough, new condo buildings have more hidden problems….
Client Spotlight: The Independent in Austin
We are thrilled to share this project we worked on in Austin, TX. The Independent is a residential skyscraper and is the tallest building in the city at 690 ft tall and 58 stories. It also happens to be the tallest residential tower in Texas! We completed a Transition Study and Reserve Study for the Independent’s….
Do You Have Mold in Your Buildings?
The problem of mold in buildings is one that no building owner or manager can afford to ignore. Mold has been suggested as one of the possible factors in so-called “Sick Building Syndrome.” What conditions create mold in buildings? Mold typically reproduces by means of airborne spores. These spores are always present in the air…..
Which Type of CRE Building Inspection Do You Need?
Commercial Building Inspection (CBI) or Property Condition Assessment (PCA) Large corporations, real estate investment trusts, and individual investors purchase commercial real estate (CRE). As part of the pre-purchase due diligence process—often required by lenders—Criterium Engineers offers two key types of commercial building pre-purchase inspections to guide our clients through that process. Not only are these….
Criterium-Williams is Criterium’s Office of the Month
Dustin Williams, P.E., received the Criterium Engineers Office of the Month award for May, for his responsiveness, adaptability, professionalism and competence, all qualities of a strong leader. The Office of the Month award also includes a cash award. Dustin Williams exemplifies all of those qualities, especially in this COVID-19 environment where serving our clients and….