Ask any realtor what their customers are looking for in a condo or HOA and they will quickly point out the importance of the latest and greatest 21st Century technology as one of the top requests. Much like the inherent evolving nature of consumer technology, the tech needs of residents will always be in flux. In order to stay competitive in the strengthening market and keep up with residents’ demands, buildings will need to advance their amenities accordingly.
This is particularly relevant where advanced telecommunications are concerned. Wireless connectivity, cable and DirecTV, and other media are indispensable components of everyday life, and even buildings and condo developments built long before the advent of these amenities must be prepared to adapt their electrical and other capabilities in order to deliver the goods to both new owners and long-time residents, Brian Lozell, CPM, the director of condominium management for Seneca Property and Asset Management in Chicago, explains.
Today's buyers expect features such as wireless connectivity and 100Mbps Internet speeds. If a building can't deliver these amenities, a building's marketability can surely expect to take a hit.
John Wattick, vice president of product development with Association Communications Services in North Palm Beach, concerns itself with not only negotiating the best terms and conditions for associations, but in including a complete engineering review to determine the best course of action concerning its tech capabilities and infrastructure.
“We insist in our due diligence that the selected service provider upgrade include the infrastructure to accommodate the present and next generation of products,” he says. “Advancements in website developments have allowed associations to keep residents up to date on important information and provide on-line secure payment options.”