Many things in life are complex. Too complex.
Some things in life are simple, while other things COULD be simpler with a different perspective. Many times, getting the different perspective just needs a little help.
For example, did you know that the cost of ownership in a multi-family building typically breaks down as follows:
- Design – 6%;
- Construction – 20%;
- Disposal – 4%;
- Maintenance/Repairs/Renewals/Operating Costs – 70%!
If we pick on Maintenance within that 70%, here’s how long you can expect a Roof system to last:
- No maintenance – 10 years
- Reactive maintenance – 20 years
- Planned maintenance – 25 years.
Yes, we’re advocating Planned Maintenance. We do so in many of our posts and would encourage you to do so as well. One of the main reasons for that, in addition to ensuring your building systems last longer, is the potential to save significant cost. Here’s a great example:
If we compare monthly contribution vs bank loan to do a $225,000 roof replacement in a 50 unit building, you save close to $200,000 by contributing monthly, rather than getting a bank loan in react mode.
We understand how planned maintenance and repairs can quickly become side lined, even though with regular, planned maintenance AND contribution-based funding, your building and its systems will last longer and cost much less to do so.
And no magic is involved.
Partner with us. We’ll show you the specifics beforehand and lay out a plan to get you there.
Photo Credit: Alexander Trukhin – Unsplash.com
