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Pay now or pay more later
Deferring regular building maintenance can cost more in the long run.
Building systems decay over time—this should not shock you. But as a building ages, the systems and components of the structure decay faster. In fact, according to the May/June 2004 issue of the Journal of Property Management, the
rate of decay for most building systems is directly proportional to the age of
the system.
What does this mean to you? It means that if you defer maintenance on a system for 25 years, it will cost you significantly more money to repair that system than if you attended to it more regularly, say, every five years.
Of course, different systems require different intervals of regular maintenance; however, deferring maintenance indefinitely can prove extremely expensive as the years tick by. Not to mention that waiting longer to perform regular maintenance puts systems at risk for breakdowns, which inconvenience tenants and could prove even more pricey.
Photo © Photodisc.
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