Managing a commercial property can be pretty expensive, but there are ways to save money without sacrificing on appearance or functionality. When you take a targeted approach to maintenance, you can prevent unnecessary expenses and extend the life of your building’s systems and fixtures.
Here, we’re discussing some of the best ways to reduce your commercial building’s maintenance costs, so you can focus on investing in your business’ growth.
Prioritize Preventative Care
Fixing small issues early on will prevent you from having to make bigger, more expensive repairs.
There are a few preventative steps you can take to keep your commercial building in good shape, including regularly inspecting your HVAC, plumbing, roofing, and electrical setups to find potential problems before they can become major issues.
It’s also highly recommended to schedule regular servicing, which will keep your equipment running properly and reduce the likelihood of unexpected breakdowns.
Use Durable Products
When the time comes for you to replace flooring, roofing, furniture, or exterior finishes in your commercial building, it’s worth investing more upfront in durable products that need minimal maintenance (and will therefore cost less to look after in the long run).
Yes, the upfront cost will be higher, but high-quality, durable products will pay off in fewer repairs and replacements down the line.
Upgrade to Efficient Systems
Older equipment and systems use more energy and require more maintenance. So, if you can’t remember the last time you replaced the equipment in your commercial property, there’s no better time to do it than now.
Inspect your property and see where you can switch to more energy-efficient options, like LED lighting or modern HVAC units. This will help you lower your utility bills and reduce the strain on your building.
Make Low-Maintenance Changes
Where possible, it’s also a good idea to look into where you can swap high-maintenance equipment and property features with low-maintenance alternatives.
For example, if your commercial building has outdoor space, you might consider swapping real turf for synthetic grass, so you can save maintenance costs in the long run. Rather than paying a contractor to regularly mow and fertilize the space, you can simply pay to get the turf cleaned, which is a less frequent requirement—read more for additional info on hiring an expert for the job.
Revisit Service Contracts
In the subject of contractors, take the time to review contracts that you’ve committed to for services like cleaning, pest control, and landscaping.
Are you paying for extras you don’t need? And are the contract’s terms still a good value for money?
If not, you might want to negotiate or switch providers to save hundreds, even thousands, on maintenance costs every year.
Plan for the Future
Finally, planning for the future will help prevent surprises that could knock you sideways financially. It’s a smart idea to set aside an emergency fund for replacing expensive items or making unexpected repairs based on the life cycle of your building systems.
By being efficient and thinking ahead, you can keep your commercial building well-maintained and save money in the long term. These small changes can add up to big savings over time.
