The collapse of Champlain Towers South was a tragedy that shook Florida to its core. In the wake of this event, Governor Ron DeSantis signed Senate Bill 4-D into law (click here for a summary of the requirements), introducing sweeping changes to the state's regulations on structural inspections, reserve studies, and funding. But as the state tightens its grip on building safety through these sensible solutions, some experts predict unintended consequences for the real estate market. Will mandatory milestone inspections, new structural integrity reserve study requirements, and mandatory reserve funds destroy the dreams of homebuyers and send the market into a tailspin? Only time will tell.
Click here to learn what some are saying these new requirements will cause.