Property maintenance comes as an integral part of the general maintenance and upkeep of your property. Particularly with regular roof maintenance, capital budgeting becomes more predictable and simplified. When property managers maintain roofs, they prolong the lifespan of the roof. Here are three effective ways to do just that:
1. Extend the Lifespan of the Roof
Regular maintenance usually comes in handy as it is the least costly option for property managers. Manufacturers agree that customary maintenance can extend a roof’s lifespan by 25%. Removing snow, unclogging gutters, clearing debris, adding sealant or caulk, and assessing vulnerable perimeter terminations all contribute to the increased lifespan of a roof. To put this into perspective, a small addition of upfront maintenance expenditures could significantly minimize the roof’s overall cost annually.
Well-maintained roofs need just a handful of annual repair and don’t require frequent replacement. You can defer these costs and their effect on capital budget over additional years. Regular maintenance reduces the escalated expenses linked to older roofs and eradicates the need for unpredictable and expensive repairs.
2. Maintenance Inspections Gathers Information for Planning & Budgeting
Maintenance assessments disclose information that are essential to dependable capital budget planning. With status updates at their disposal, managers can foresee most of the predictable charges. Hence, they can establish a timeline for essential repairs.
For example, a detailed contractor’s report may show that a roof will need a replacement in 12 years. In addition, the report may also indicate if there is a need for specific repairs within three years. With this kind of information, property managers can plan and budget for necessary repairs and maintenance accordingly. By utilizing the maintenance reports, they can diminish the likelihood of budget shortfalls and emergency repairs.
3. Lower the Overall Cost of Roof’s Replacement
Performing minor repairs and doing regular maintenance on your roof before they turn into bigger scale projects are crucial in minimizing the overall cost. It also protects building operations from expensive interruptions. By handling small leaks, property managers can protect the deck from rusting and ensures the insulation doesn’t become saturated.
This simple fix can save them up to 30% of the whole re-roof expense, and more amounts of savings can be realized for decking with a well-sustained structure. On average, property managers with well-maintained roofs need to pay approximately 3 to 5 dollars per square foot for a re-roof. Structurally unsound or poorly maintained roofs, on the other hand, may demand a replacement cost of $12 per square foot. This is an additional cost that can be easily mitigated with a solid maintenance plan.
When capital planning, most property owners neglect roof maintenance. However, consistent upkeep significantly reduces the total expense for the roof’s replacement. It also prevents a lot of unforeseen costs and extends the roof’s lifespan altogether.