With the growth of urban, luxury, waterfront high-rise buildings, Downtown Sarasota is quickly becoming an even more desired place to live. With proper condo maintenance and help from a Sarasota association management company, your board can ensure the highest level of resident satisfaction.
What Defines a High-Rise Condominium in Florida
There are multiple factors that make up a high-rise condominium in Florida. For Sarasota condominiums, such factors include:
- Height of around 75 feet or more (typically 7+ stories)
- Unit count of at least 50 units (can vary by building)
- Shared systems such as elevators, fire-life safety systems, parking garages, and building-wide HVAC and plumbing.
Although high-rises have similarities to low- and mid-rise condos, they mainly differ due to their larger building systems and larger maintenance needs. With high-rise condos, there are also more rules to follow along with more responsibilities to manage.
Florida Laws Impacting High-Rise Condos
Florida laws greatly impact how Sarasota association management must operate. In Sarasota, most condo communities are governed by Florida Statute Chapter 718. This chapter outlines the rules and regulations that condo boards must follow.
Condominiums in this area may also be impacted by milestone inspections and Structural Integrity Reserve Studies (SIRS), especially for buildings that are three stories or higher and align with specific age requirements. These requirements are typically completed to help ensure structural safety, proper reporting, and compliance standards are being met.
Building Systems & Preventive Maintenance
In Sarasota high-rise condominiums, shared building systems require consistent inspections and maintenance throughout the year. Things like elevator servicing, planning for modernization, and keeping up to date with HVAC systems, plumbing, and cooling towers are all necessities for proper management.
High-rises also need a reliable fire-life safety system, as well as backup power systems in place, to ensure the safety of residents in the case of an emergency. A Sarasota association management company like Wise Property Management can make sure your board is up to date on all systems and maintenance by coordinating inspections, scheduling vendor services, and tracking ongoing repair needs.
Coastal & Environmental Challenges
While living close to the coast is a luxury in the sense of beautiful views, it can also bring challenges for condo management. Salt air corrosion is a common problem, as well as concrete deterioration.
Being prepared for extreme winds, hurricanes, and storm surges is also an important requirement. For the most effective preparedness, boards should make sure building exteriors, balconies, and facades are properly maintained and inspected as well.
Financial Planning & Reserve Management
One of the biggest responsibilities for high-rise condo management is setting aside a proper budget for all expenses. Roof work, elevator upgrades, and structural repairs are just a few examples.
It is important to note that there are also funding requirements that can impact how high-rise condos need to manage their long-term finances, such as Florida reserve funding requirements. However, with proper planning and help from a trusted management company, budgeting and long-term maintenance can become much simpler.
Make High-Rise Condo Management Simple With Wise Property Management
With high-rises needing more maintenance and oversight in general, they can be especially challenging for association management to handle on their own. With an experienced team like Wise Property Management, your board can rest assured that your community stays safe, compliant, and properly managed at all times.
For more information about how we stand out among Sarasota association management companies, please request a proposal today or call our office at (813) 968-5665.