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Large multi-family buildings have major concerns w/ roofing, exterior masonry, windows, lead paint, egress porches, & general habitability standards. The City actively reviews large building exterior masonry, & holds building owner accountable for maintaining it. Given the age of most of these buildings, the masonry always has concerns; concerns that can be quite expensive to correct. Often, deteriorated masonry coexists w/ deteriorated roofing; leaking roofs are one of the most common causes of damaged masonry. Given the size of these buildings, the cost of masonry repair & roof replacement can be staggering. Windows alone can be both a source of excessive energy waste & liability due to lead paint contamination. Egress porches are often dilapidated & require major renovation, @ substantial cost. Heating, plumbing, & electrical systems can be outdated, in addition to interior finishes requiring major renovation. Section 8 buildings have standards that must be met if the building is to maintain its acceptance within those programs. Large multi-family buildings require detailed analysis of all these major systems so that the building can be reviewed appropriately for its investment potential.
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