And if that existing home is poorly constructed or simply outdated, how will that impact me over time?
Aside from the obvious fact that existing buildings are where they are, as opposed to where you’d like them to be, they also come with hidden costs that may not be immediately apparent to the average homebuyer.
It was developed to address the “we don’t have the money” objection that many organizations face when trying to implement energy efficiency projects, and to help you translate energy savings into “financial speak.” It’s the result of proven field experiences that have been used to sell energy efficiency projects to decision-makers around the country.
And it uses simple financial arguments familiar to all financial managers.
At some point in the decision to buy a home, there comes a critical calculation: Do I build a new house on my own land, or buy an existing one?Do you have new tenants moving in or existing tenants preparing for an interior remodel or expansion project soon?If either of these two circumstances apply to you, you need to know that the area being altered is required to meet new construction standards for accessibility.Adopted as Local Law 91 of 2016, the 2016 New York City Energy Conservation Code (NYCECC), based on the State Code and further modified, will also go into effect on October 3, 2016.Legislation is currently pending with New York City Council to amend the 2016 NYCECC based on recent changes made by the NYS Supplement. Local Law 91 of 2016 may be found on the New York City Council’s website.
If the cost for making these additional “interior” or “exterior” elements accessible exceeds 20% of construction costs then a “disproportionate cost” may be determined.