Commercial Property Maintenance: A Brief Guide To Keep Your Investment Safe

When you make the decision to purchase commercial real estate, there are many factors to take into consideration. You need to think about things like rent, occupancy rate, if it’s located in a desirable area, and so on. But one of the most important factors you need to think about is how much upkeep and maintenance the property needs before you sign on the dotted line and buy it. You see, buying a commercial property isn’t like buying a house. Houses can be passed down from generation to generation and still last for more than 50 years without much maintenance or upkeep. However, with commercial properties, you’re going to have to put in quite a bit of work up front just so that you don’t end up spending even more money later due to needing extensive repairs. Luckily for you, we at

What Is Commercial Property Maintenance?

Commercial property maintenance is all the upkeep, repairs, and replacements that need to be done to keep your building in good working condition. This includes everything from roof and paint repairs to replacing the HVAC system. In short, commercial property maintenance is all the day-to-day to-dos that keep your building standing and safe. Because commercial properties are used more often and are more heavily-trafficked than residential properties, they require more upkeep and repairs. While a residential property might only have one or two repairs a year, a commercial property will have even more. This is due to the fact that commercial buildings are used more often and by more people, resulting in an increased chance of having something go wrong.

Why Is Commercial Property Maintenance Important?

Commercial properties are used for both work and living spaces and are heavily trafficked, meaning that regular upkeep and maintenance is a must for safety and health reasons. You don’t want people getting hurt or sick from potentially toxic mold or bacteria from the building’s plumbing. And you don’t want to spend thousands of dollars in repairs that you could have easily prevented with regular maintenance. Commercial property maintenance is important because it helps to protect your investment. If you own a commercial property, you want to make sure that you’re spending as little as possible on repairs and maintenance. The last thing that you want to do is to have to spend thousands of dollars on repairs when you could have easily prevented them with regular upkeep.

Who’s Responsible For Commercial Property Maintenance?

The owner, manager, and tenants of a commercial property are all responsible for the maintenance of the building. The owner is responsible for replacing any parts or pieces of the building that are broken or worn down. The manager is responsible for making sure that the building is being maintained properly and is safe. And the tenants are responsible for reporting any problems with the building that need to be fixed. The owner is responsible for any major repairs to the building that need to be done, like replacing the roof or the HVAC (heating, ventilation, and air conditioning) system. And while the tenants are responsible for reporting smaller repairs, the owner is responsible for making sure that they’re taken care of as soon as possible.

How Often Should You Do Repairs/Maintenance?

The frequency with which you do repairs and maintenance depends on the type of building that you own. For example, if you own an apartment building you’ll have to do more repairs than if you own a retail shop. The best way to determine how often you should be doing repairs and maintenance is to look at other commercial buildings similar to the one that you own. If other similar buildings are doing repairs every 6 months, then you should be doing the same.

3 Things You Must Immediately Fix When Buying a Commercial Property

Roof - Roofs are one of the most expensive repairs that you can have to do. They’re also one of the most important. If your roof is damaged, leaks could be causing thousands of dollars in damage to your building every day. You don’t want to be stuck paying for these repairs, so make sure that your roof is in good condition before you buy a commercial property. Plumbing - Commercial plumbing is used more often than residential plumbing and is therefore more prone to breakage. You don’t want to be stuck with a major plumbing problem after purchasing your new business, so make sure that the plumbing is in good condition before you sign on the dotted line. HVAC - The HVAC system is one of the most important things in any commercial building. Your HVAC system is what keeps your building warm in the winter and cool in the summer. If your HVAC system is broken, it can cost thousands of dollars to replace. You don’t want to be stuck with that bill after buying a commercial property, so make sure that it’s in good condition before you sign on the dotted line.

2 Month-end Repairs To Ensure Your Investment Is Safe

Good fences make good neighbors. - This famous saying means that people will respect your property more if it has a good fence. You want your commercial property to stand out, and a good fence is one way to do so. You want your commercial property to look attractive, so make sure that you have a good fence that actually works. Keep rodents out of your commercial property. - Mice and rats are some of the most common rodents found in commercial buildings. They can cause thousands of dollars in damage to your building with their foul odors and urine. You don’t want these rodents in your building, so make sure that you have a way to keep them out. Keep your appliances maintained. - Commercial appliances are used more often than residential appliances and are therefore more prone to breaking down. You don’t want to be stuck without appliances that are necessary for running your business, so make sure that you have them maintained on a regular basis.

Conclusion

Commercial real estate is a very lucrative investment, but you have to make sure that you’re taking proper care of it. If your commercial property isn’t taken care of, it’s going to be more expensive and take longer to sell. We hope that you’ve found this article useful. Buying commercial property is a big decision, and you want to make sure that you’re investing wisely. Taking care of the upkeep and maintenance of your building is one way to do so.