Property maintenance is an ongoing concern for multi-family property owners. Whether through small commercial construction projects or large undertakings, taking care of your property maintains its value over the long run. You’ll attract and retain the best tenants. If you decide to sell the property, you’ll get the best possible price for it. Best of all, you aren’t likely to be overwhelmed with projects at one since you have kept up with repairs.
A long-term partnership with a commercial construction company may be the best way to handle ongoing repairs. It’s ideal if you can find a commercial construction company that has expertise in a variety of areas. These include roofing, welding for balconies and other metal structures, plumbing, HVAC and concrete. Some commercial construction companies specialize in multi-family construction companies so they have particular expertise on dealing with the ongoing issues property owners face.
You can build a relationship with a project manager at a commercial construction company. This will enable you to make a long-term plan with an experienced individual. The project manager will likely recommend a variety of ongoing maintenance projects. These may include painting, stair repair, unit upgrades, roofing repairs, general contracting and upgrades to clubhouses. Often, an experienced project manager can point out issues you might not notice on your own.
Upgrading energy efficiency should be a consideration for all property owners. You may not think of it as an ongoing repair issue, but you can slowly improve your property’s energy efficiency as a part of other projects. Replacing old appliances with new, energy-efficient models can be a significant cost savings. Your commercial construction project manager can recommend other energy-efficiency repairs such as roofing and siding. Often, you can upgrade your energy efficiency during routine repairs.
The most important ongoing repairs are those that affect the attractiveness of the property and the convenience of tenants. The exterior of the building should appear new and clean. Fencing should be in good shape. All stairs, balconies and other exterior features should be regularly repaired to maintain their integrity. Indoor integrity is important as well. Paint should be fresh, windows should be in like-new condition and all plumbing should be up to date. A partnership with a commercial construction company will help you manage all these details so your property is in the best possible shape.