FS-09: Infrastructure Piping A Critical Concern To Anyone Considering A High Rise Condominium Or Co-Op Residence Purchase The purchase of a high-rise condominium or co-op residence is a major and long-term expenditure in virtually every major American city often reaching above $250,000 and into the millions. In addition, renovations can extend that cost by 50% or more. Various considerations toward any such high-rise purchase include neighborhood, location, size, view, amenities, taxes, monthly maintenance fees, and investment value, etc. Virtually ignored, however, is the physical condition and infrastructure expected to provide virtually unlimited and trouble free service from the time of purchase to possibly 50 years into the future. As both our residential and commercial building properties age, certain unavoidable and inevitable corrosion related impacts to this infrastructure are now being realized by their property owners; failures indicating that many taken for granted and critically required services have reached the end of their useful service life. For most purchases, the lobby decor is a far greater concern than the piping infrastructure that allows the building to function. Piping systems are almost entirely hidden from view…
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