Have A Tight Facility Maintenance Budget? Here’s How You Can Use It Effectively

Most building owners do not shy away from spending on operations, aesthetics, and design features of their property, but they tend to cut corners when it comes to building maintenance. It makes the job of the person in charge of building maintenance complicated.

Facilities maintenance within a strict budget and resources requires foresightedness, planning, and creativity. Here’s how you can make the most of a limited facility maintenance budget.

Prioritize preventive maintenance

Any emergency breakdowns gulp down a major portion of the property maintenance budget. Moreover, equipment breakdown in between operations causes expensive delays in operations, which trims the profit margin.

Preventing malfunctions in the property is the only way to keep your money from flowing into maintenance. A good preventive maintenance strategy can help here.

Either hire a dedicated commercial property maintenance service or equip your in-house team with a CMMS (Computerized maintenance management system) to take care of preventive maintenance.

A streamlined process to gauge and schedule maintenance will aid in cost-cutting and prevent expensive delays.

Train your in-house team

Having a team that knows how to recognize the issues, which can hamper operations somewhere down the line, will solve half your maintenance problems. All you need to do is train your employees to detect problems in their early stages or even before they occur.

It will reduce the duration and frequency of downtime, and you can save your strict building maintenance budget for emergencies.

Brush up inventory management

Poor inventory management can directly affect your property maintenance budget. Tracking and properly managing inventory can bring down the average repair time and help you save expensive repairs.

Look at it in this way- if you keep spare parts that fit more than one machine, you can implement maintenance without breaking down your budget. Similarly, having provisions in your inventory that can solve multiple maintenance issues can help.

Keep an eye on the warranty and insurance period

Nothing sitting inside your commercial building is imperishable. Everything comes with a shelf life, and more often than not, most things arrest functioning even before they reach their expiry date. Hence, covering your expensive equipment in your commercial building with suitable insurance is only a sensible undertaking.

Not only will it cut down high repair costs but also help you save on maintenance costs.

Use the right technology

Technology has made everything easy, and building maintenance is no exception. With the right use of technology, you can optimize any maintenance process and save costly maintenance.

Having the right technology to track, automate, streamline, and optimize every component of the lengthy maintenance process goes a long way in planning commercial building maintenance efficiently.

The bottom line

Commercial property maintenance is an essential part of running a property. Any shortcoming in maintenance can affect all the aspects of property operation. Hence, having a dedicated budget for commercial property maintenance is a necessity.

Hopefully, you can take care of property maintenance on a strict budget with these effective tips and tricks.