The Wall BLOG FOR CONDOMINIUM OWNERS, ARCHITECTS AND CONSTRUCTION PROFESSIONALS

Posted on March 18, 2016

Existing Buildings

When it comes to asset risk management, it can be easy to find ourselves on one of the two ends of the spectrum of worry: pure panic or blissful denial. But neither of these outlooks help us make rational decisions about our assets. Instead, we need to understand the factors at play and make a reasonable assessment […]

More+

Posted on September 18, 2015

Existing Buildings

Occasionally, I’ve been known to see the glass half full, while more often I’ve seen it half empty. While I am not alone in this this type of dualistic thinking, I have learned that such a strong dichotomy of thought can reveal biases that may lead to problems. So when I find myself approaching situations with an overly negative or […]

More+

Posted on November 20, 2015

Existing Buildings

We’re all looking for solutions—asset managers included. Discover how the right combination of timely and relevant asset assessments can help you understand how your assets are performing. Have you heard the one about the thirsty crow who came upon a pitcher with some water at the bottom? The water was beyond the reach of its […]

More+

Posted on August 28, 2015

Existing Buildings

Asset management is a process that requires multiple ways of understanding—or sights—to achieve success. There are five interconnected sights that provide a foundation for owners to realize the full value of their assets: insight, foresight, oversight, hindsight, and line of sight. To help us all better understand how these sights work together, let me introduce you […]

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Posted on August 17, 2015

Existing Buildings

Families have a reputation for being a little dysfunctional, where siblings, relatives and spouses fight unnecessarily with one another. Similarly, lots of energy gets wasted in the conflicts that go on amongst the stakeholders of buildings. I once heard someone say that every residential building suffers from “The CLAP” (Children, Landscaping, Animals and Parking). These […]

More+

Posted on June 13, 2015

Existing Buildings

“Sometimes, the most dangerous things are those that are hiding in plain sight.”

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Posted on June 1, 2015

Existing Buildings

There are several interesting money management lessons we can learn from Fairy Tales. Once upon a time… Robin Hood, a heroic outlaw (with a fondness for green outfits), used the cunning of disguise to steal from the rich in order to give to the poor. Bearskin, a man who was offered a lot of money by a cloven-hooved […]

More+

Posted on May 12, 2015

Existing Buildings

One fine summer’s day a Grasshopper was hopping about chirping and singing. An Ant passed by carrying a large bag of corn husks on her back…

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Posted on April 24, 2015

Existing Buildings

We all know that if we ignore our assets they will eventually suffer from physical deterioration — it is a reality of life. But some assets also fade. What’s the difference and why care?

More+

Posted on March 29, 2015

Existing Buildings

They say that two things in life are certain: death and taxes. Well… I say that there is a third certainty: limited budgets.

More+

Posted on March 9, 2015

Existing Buildings

A few weeks ago I blogged that ignorance and apathy are often the very first dominoes in a chain leading to failure of assets on buildings (or pieces of equipment). These human traits are therefore “upstream” of the failure and failure is “downstream” of the cascading effect.

More+

Posted on March 2, 2015

Existing Buildings

The bigger — and more expensive — the decision, the more emotions play a role and the more explosive things can become.

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Posted on February 16, 2015

Existing Buildings

We may think we can outsmart consequences, we may try creative tricks to avoid consequences, but we can only do this for so long. Sometimes we get “lucky” and we can defer things for a few years, even decades. Eventually, though, we will lose. So what are these different types of consequences of failure that […]

More+

Posted on February 11, 2015

Existing Buildings

A successful carpenter has a toolbox that includes a hammer, saw, screwdriver, pencil and various other implements. If the toolbox is not complete, the carpenter either will not be able to practice their trade or will only be able to do so inefficiently. Imagine trying to cut a piece of wood with a hammer — it can be done, but the edges will be jagged and it will serve no useful purpose.

Asset management, like carpentry, requires a set of tools…

More+

Posted on January 28, 2015

Existing Buildings

We have tracked 1,651 buildings over a 20+ year period and have identified five life stages. These stages apply to all sectors: commercial, residential, industrial, institutional and municipal.

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Posted on January 19, 2015

Existing Buildings

Well, we did a study on 1,651 buildings over a 10 year period and the detailed research findings can be downloaded here. This blog contains a summary of what we found. The Most Expensive Systems Let’s start our journey by looking at the broader systems before we move down to the individual components. Residential buildings can be organized […]

More+

Posted on January 5, 2015

Existing Buildings

Listed here are the most common reasons I have heard some owners use for delaying the commissioning of a Depreciation Report (also called a Reserve Study or a Capital Plan). I have included some reasons why these are based on false assumptions.

More+

Posted on November 27, 2014

Existing Buildings

Our clients have asked when they should start preparing for the update report – essentially when is 3 years up? There are several dates associated with a Depreciation Report: the date of the site visit, the date the draft report was issued, and the date the final report was issued. There may be as many as six to eight months between the site visit and final report.

More+

Posted on November 4, 2014

Existing Buildings

As a consultant I have heard the same old stories over and over again. It is the perennial human condition of deferred maintenance. Here is my take on the seven primary reasons why buildings don’t get sufficient maintenance and why each of these reasons is based on flawed logic.

More+

Posted on October 28, 2014

Existing Buildings

Taking action with your Depreciation Report can be overwhelming. Mike Wilson from RDH shows you how, one step at a time.

More+

Posted on February 17, 2014

Existing Buildings

When it comes to maintenance there can often be confusion. Are we required to maintain our building assets to simply reach their expected life? Or are we maintaining to extend their lives somehow?

More+

Posted on March 18, 2016

Existing Buildings

When it comes to asset risk management, it can be easy to find ourselves on one of the two ends of the spectrum of worry: pure panic or blissful denial. But neither of these outlooks help us make rational decisions about our assets. Instead, we need to understand the factors at play and make a reasonable assessment […]

More+

Posted on September 18, 2015

Existing Buildings

Occasionally, I’ve been known to see the glass half full, while more often I’ve seen it half empty. While I am not alone in this this type of dualistic thinking, I have learned that such a strong dichotomy of thought can reveal biases that may lead to problems. So when I find myself approaching situations with an overly negative or […]

More+

Posted on November 20, 2015

Existing Buildings

We’re all looking for solutions—asset managers included. Discover how the right combination of timely and relevant asset assessments can help you understand how your assets are performing. Have you heard the one about the thirsty crow who came upon a pitcher with some water at the bottom? The water was beyond the reach of its […]

More+

Posted on August 28, 2015

Existing Buildings

Asset management is a process that requires multiple ways of understanding—or sights—to achieve success. There are five interconnected sights that provide a foundation for owners to realize the full value of their assets: insight, foresight, oversight, hindsight, and line of sight. To help us all better understand how these sights work together, let me introduce you […]

More+

Posted on August 17, 2015

Existing Buildings

Families have a reputation for being a little dysfunctional, where siblings, relatives and spouses fight unnecessarily with one another. Similarly, lots of energy gets wasted in the conflicts that go on amongst the stakeholders of buildings. I once heard someone say that every residential building suffers from “The CLAP” (Children, Landscaping, Animals and Parking). These […]

More+

Posted on June 13, 2015

Existing Buildings

“Sometimes, the most dangerous things are those that are hiding in plain sight.”

More+

Posted on June 1, 2015

Existing Buildings

There are several interesting money management lessons we can learn from Fairy Tales. Once upon a time… Robin Hood, a heroic outlaw (with a fondness for green outfits), used the cunning of disguise to steal from the rich in order to give to the poor. Bearskin, a man who was offered a lot of money by a cloven-hooved […]

More+

Posted on May 12, 2015

Existing Buildings

One fine summer’s day a Grasshopper was hopping about chirping and singing. An Ant passed by carrying a large bag of corn husks on her back…

More+

Posted on April 24, 2015

Existing Buildings

We all know that if we ignore our assets they will eventually suffer from physical deterioration — it is a reality of life. But some assets also fade. What’s the difference and why care?

More+

Posted on March 29, 2015

Existing Buildings

They say that two things in life are certain: death and taxes. Well… I say that there is a third certainty: limited budgets.

More+

Posted on March 9, 2015

Existing Buildings

A few weeks ago I blogged that ignorance and apathy are often the very first dominoes in a chain leading to failure of assets on buildings (or pieces of equipment). These human traits are therefore “upstream” of the failure and failure is “downstream” of the cascading effect.

More+

Posted on March 2, 2015

Existing Buildings

The bigger — and more expensive — the decision, the more emotions play a role and the more explosive things can become.

More+

Posted on February 16, 2015

Existing Buildings

We may think we can outsmart consequences, we may try creative tricks to avoid consequences, but we can only do this for so long. Sometimes we get “lucky” and we can defer things for a few years, even decades. Eventually, though, we will lose. So what are these different types of consequences of failure that […]

More+

Posted on February 11, 2015

Existing Buildings

A successful carpenter has a toolbox that includes a hammer, saw, screwdriver, pencil and various other implements. If the toolbox is not complete, the carpenter either will not be able to practice their trade or will only be able to do so inefficiently. Imagine trying to cut a piece of wood with a hammer — it can be done, but the edges will be jagged and it will serve no useful purpose.

Asset management, like carpentry, requires a set of tools…

More+

Posted on January 28, 2015

Existing Buildings

We have tracked 1,651 buildings over a 20+ year period and have identified five life stages. These stages apply to all sectors: commercial, residential, industrial, institutional and municipal.

More+

Posted on January 19, 2015

Existing Buildings

Well, we did a study on 1,651 buildings over a 10 year period and the detailed research findings can be downloaded here. This blog contains a summary of what we found. The Most Expensive Systems Let’s start our journey by looking at the broader systems before we move down to the individual components. Residential buildings can be organized […]

More+

Posted on January 5, 2015

Existing Buildings

Listed here are the most common reasons I have heard some owners use for delaying the commissioning of a Depreciation Report (also called a Reserve Study or a Capital Plan). I have included some reasons why these are based on false assumptions.

More+

Posted on November 27, 2014

Existing Buildings

Our clients have asked when they should start preparing for the update report – essentially when is 3 years up? There are several dates associated with a Depreciation Report: the date of the site visit, the date the draft report was issued, and the date the final report was issued. There may be as many as six to eight months between the site visit and final report.

More+

Posted on November 4, 2014

Existing Buildings

As a consultant I have heard the same old stories over and over again. It is the perennial human condition of deferred maintenance. Here is my take on the seven primary reasons why buildings don’t get sufficient maintenance and why each of these reasons is based on flawed logic.

More+

Posted on October 28, 2014

Existing Buildings

Taking action with your Depreciation Report can be overwhelming. Mike Wilson from RDH shows you how, one step at a time.

More+

Posted on February 17, 2014

Existing Buildings

When it comes to maintenance there can often be confusion. Are we required to maintain our building assets to simply reach their expected life? Or are we maintaining to extend their lives somehow?

More+