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Problem Solved! For Co-ops and CondosAuthor: Habitat Magazine
From building repairs and maintenance, energy upgrades, insurance, lobby redesigns, accounting and financing - the challenges facing co-op and condominium board directors are endless. In this series, Habitat Magazine editors interview New York City experts to learn how problems have been solved at their client co-op and condo buildings. We take a deep dive into the issues being confronted, the possibilities for solutions, the costs, the challenges, and the outcomes. Habitat Magazine, founded in 1982, is the trusted resource for New York City co-ops and condo board directors. Visit us at www.habitatmag.com Language: en Genres: Business, Education, How To Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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The Hidden Price of Delaying Your FISP Inspection
Episode 24
Monday, 15 December, 2025
An 18-story Upper West Side condo thought they were being financially prudent by delaying their facade inspection. Instead, they ended up paying half a million dollars more than they should have. Gene Ferrara, president at JMA Consultants, walks through exactly what went wrong with this building and why the problems kept compounding. The terracotta repairs turned out to be far more complicated than anyone expected, involving structural steel issues and difficult conversations with residents about moving furniture. The delays meant dealing with access agreements that became increasingly expensive and complex. Ferrara explains what this building could have done differently and offers specific guidance on timing that could help other buildings avoid the same costly mistakes. The technical details are fascinating, but what really comes through is how much money and headaches buildings could save with better planning and honest communication. Habitat’s Emily Myers conducts the interview.Thanks for listening. Subscribe to this podcast for more stories on how New York co-ops and condos have solved a myriad of problems. Brought to you by Habitat Magazine, the "bible" that hundreds of board directors turn to every day!
