Skip to main content

Study: Condos Have Greatest Level of Construction Woes

Mar 10, 2017
When it comes inadequate (or worse) construction practices, the majority of deficiencies occur in new condominium developments rather than townhomes and single-family homes

When it comes inadequate (or worse) construction practices, the majority of deficiencies occur in new condominium developments rather than townhomes and single-family homes, according to a new study released by the Community Associations Institute (CAI).
 
The CAI study, “Protecting Homebuyers and Homeowners from Construction Deficiencies in Condominiums and Preserving Property Values Survey," concluded that 81 percent of respondents identified poor workmanship as the most common type of construction deficiency, resulting in plumbing leaks, electrical or mechanical problems, and cracks in foundation walls. Thirty-five percent of respondents complained that construction deficiencies created a negative impact a homeowner’s property value and hampered resale efforts.
 
In a press statement, the CAI said it was is promoting its study to highlight how community associations have been “under attack in state legislatures and municipalities by legislation and ordinances aimed at stripping associations’ ability to seek relief from damages due to legitimate deficiencies found in the construction of homes, units, or common areas.” CAI also insisted that supporters of these legislative efforts were arguing that “frivolous lawsuits filed by associations and the costs associated with them make building affordable condominiums too risky.”
 
But that is not say that community associations did not press their cases in court–44 percent of these lawsuits were resolved in out-of-court settlements.
About the author
Published
Mar 10, 2017
FHA To Lay Off 40% Of Workforce

Mass terminations across the federal government expected to hit federal mortgage insurer

Feb 18, 2025
Mass Firings At CFPB Imminent, Filing Says

Unions representing CFPB employees said 95% of the Bureau's workforce could be cut by the weekend

Feb 14, 2025
Realty Fees On The Rebound

Real estate commissions are trending back up, post-NAR settlement.

Feb 13, 2025
Wire Fraud Losses Are Mounting

First-time homebuyers are especially at risk for wire fraud, report finds.

Feb 13, 2025
HUD Secretary Halts Equal Access Rule Enforcement

HUD to be transformed 'in His own image'

Feb 10, 2025
Rocket's All-American Return To The Super Bowl

The company spends millions to remind Americans of "the meaning of home."

Feb 10, 2025