Preparing for the 2025 Boom: Essential Insights for Property Owners

Preparing for the 2025 Boom: Essential Insights for Property Owners

2024-09-10 15:02:36

For many co-owners, the benefits of summer vacations may disappear abruptly when they receive the letter from their trustee encouraging them to pay, before October 1, their contribution to the co-ownership charges for the third quarter of 2024. A sometimes high bill, which is expected to increase significantly again next year. As reported by Capitalthe upcoming increase is linked to the need to modernize elevators.

The problem actually comes from the telealarms, often triggered by pressing a button, which allow a technician to be contacted in the event of a blockage. “According to representatives of the elevator industry, nearly half of the telealarms in the country’s 630,000 elevators operate using the 2G or 3G network,” indicated Hervé Maurey, senator for Eure, in a written question to the Minister for Digital Affairs Marina Ferrari, published on May 23. However, these technologies, which are less efficient and more energy-intensive than 4G and 5G, will be gradually abandoned.

A gradual disappearance

2G will be cut off at the end of 2025 for Orange, at the end of 2026 for SFR and at the end of 2029 for Bouygues, while 3G will disappear at the end of 2028 for Orange, and at the end of 2029 for SFR and Bouygues. Upgrading telealarms is therefore necessary, even if it will generate significant costs.

Everything you need to know about co-ownership charges

A co-owner living in Isère, interviewed by our colleagues, has already had bitter experience of this. The elevator engineer of his residence, which has 18 dwellings, proposed to the trustee “the installation of a cube to connect the telealarm via the 4G GSM network, for an annual subscription of 850 euros”, while the co-owners currently pay 360 euros per year for the subscription to the 2G GSM line… The subject, particularly worrying, should thus be at the center of the discussions that will be held during the general meetings of co-owners in 2025.

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Here is a​ PAA (People Also Ask) ​related question for the title The Skyrocketing ⁣Cost‌ of Elevator Modernization: What‍ Co-Owners Need to Know:

The Skyrocketing Cost of⁢ Elevator​ Modernization: ​What Co-Owners Need to⁢ Know

As co-owners prepare to pay their contribution to the co-ownership charges for the third quarter of 2024, they may be⁢ in for a surprise. The bill is expected to increase ‍significantly next year, and it’s all due to the need ‍to modernize​ elevators. But what’s driving this ‌increase, and how ⁤much can co-owners expect to pay?

The.telealarm Upgrade Conundrum

The root of the problem lies in the telealarms, which⁢ are triggered by ​pressing a button and allow a technician to ​be contacted in​ the event of a blockage. According to⁢ representatives of the elevator industry, nearly half of the telealarms in ‍the country’s 630,000 elevators operate using‌ the‌ 2G or ⁤3G network [[3]]. However, these technologies, which are⁢ less efficient and ‌more ⁣energy-intensive than 4G and 5G, will‌ be gradually abandoned.

The Cost of Upgrading

Upgrading telealarms is necessary,‌ but it⁢ comes​ at a significant cost. Co-owners can expect to pay a substantial amount to modernize their⁢ elevators, with ⁤some ⁣estimates ​suggesting ​that the cost could be as high⁤ as $68,500 CAD [[1]]. This is because the installation cost of elevators can range from $35,000 to $68,500 CAD or more,⁣ depending ⁣on ​the type and model of the elevator [[1]]‌ [[3]].

The Impact ⁤on Housing Costs

The cost of⁢ elevators is just one factor contributing to⁣ the high cost of high-rise housing. As explained in⁢ a Reddit thread, the cost of ⁤elevators is ⁤a significant factor, but⁤ it’s not the only one [[2]]. Other factors,‍ such ⁤as land acquisition and construction‌ costs, also play a role in driving up the cost of housing.

Conclusion

Co-owners, be prepared for a significant increase in your ‌co-ownership⁣ charges next year. The need to modernize elevators is driving‍ up costs, and it’s essential to ‍understand the factors contributing to this increase. By knowing what to expect, co-owners can⁤ plan accordingly and budget for the necessary upgrades to ‌keep their elevators ​running ​smoothly.

Optimized ⁣keywords: elevator modernization, co-ownership charges,⁢ telealarms, 2G, 3G, 4G, 5G, housing costs, high-rise housing.

Here are some Potentially Askable Questions (PAA) related to the topic “The Skyrocketing Cost of Elevator Modernization: What Co-Owners Need to Know”:

The Skyrocketing Cost of Elevator Modernization: What Co-Owners Need to Know

As co-owners prepare to pay their contribution to the co-ownership charges for the third quarter of 2024, they may be in for a surprise. The bill is expected to increase significantly next year, and

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