The ROI of building maintenance for commercial properties

With the proper building maintenance, your commercial building can become even more of a money-making asset. We will share the benefits of regular maintenance, calculate the ROI for routine maintenance, and discuss effective maintenance strategies.

Tangible benefits of regular maintenance

The useful life of your commercial building as an asset is how long it will stay functional and generate income. You can extend the life of your commercial building by:

• Checking fire and carbon monoxide alarms twice a year.
• Inspecting the roof for damage every six months.
• Checking your electrical systems.
• Doing a walkthrough assessment every quarter of a year.
• Examining water heaters for rust.
• Keeping your mechanical, electrical, and plumbing systems in good order, including following a filter change calendar.
• Maintaining a building checklist.
• Performing timely maintenance and replacement.
• Taking note of structural issues.
• Utilizing a thermology scan to see where you’re losing heat or cooling.

Energy efficiency is an easy way to increase the ROI of your commercial building. You can increase the building’s energy efficiency by:

• Adding insulation.
• Getting the right size HVAC for your building.
• Having an energy audit performed.
• Performing regular HVAC maintenance.
• Turning off unused electronics.
• Using energy-efficient appliances and LED lights.

Calculating ROI for building maintenance

There are facility management software and ROI calculator options that help you determine the ROI. Here is a simple formula to do it yourself:

• Subtract the initial investment cost from its final value.
• Divide that number by the cost of the investment.
• Multiply that number by 100.

Understanding the direct and indirect costs of maintenance and repair is also essential. Direct costs can include things like labor, materials, and repair. Meanwhile, indirect costs can include overhead costs, insurance premiums, administrative expenses, and downtime.

Implementing effective maintenance strategies

Effective upkeep strategies start with establishing clear maintenance objectives and plans. One way to make this process easier is to invest in computerized maintenance management system software (CMMS).

Exterior restoration of your commercial building helps maintain or increase its value. We offer a variety of restoration services. Contact us if you want to improve your commercial property’s value through restoration.