RealManage Insight

Preventative Maintenance Saves Time

by Staff Writer on Aug 18, 2014, 10:41:00 AM

There are two ways to preserve something that needs scheduled maintenance: maintain it regularly according to the advice of professionals, or fix it when it malfunctions. Fixing something when it breaks may seem like the easiest option, however performing regular maintenance rarely takes as long as doing repairs. By performing regular maintenance on equipment and areas in the community, a condo community can save time, and receive the following benefits as well.

Increased Equipment Lifespan

Most equipment that contains moving parts needs to receive scheduled maintenance. Examples include computers, lawn mowers, and furnaces, to name a few. In the absence of scheduled maintenance, these types of equipment are less likely to reach their projected lifespan. Performing scheduled maintenance can extend the lifespan of the equipment.

Lower Operating Costs

Performing preventative maintenance can lower operating costs. For some communities, monthly maintenance is a fixed expense that is paid for with a portion of monthly assessment fees. Repairing broken equipment, on the other hand, can be a significant expense that requires a community to take money from the reserve fund to pay for costly repair jobs.

Reserve Fund Preservation

Providers of condo association management recommend that condo communities use their reserve funds to pay for unforeseeable expenses, such as storm damage or a legal judgement, not expenses that could be largely avoided if preventative maintenance measures were taken; which can reduce financial emergencies and preserve the reserve fund.

Fewer Repair Emergencies

In the absence of regular maintenance, communities rarely learn that equipment has a problem until it breaks. The breakage of some equipment, such as lawn mowers, is merely an inconvenience; while the breakage of other equipment, such as furnaces, can be life threatening. Over time, performing regular maintenance results in fewer repair emergencies.

Value of Preventative Maintenance

Time savings, increased equipment lifespan, lower operating costs, reserve fund preservation, and fewer repair emergencies are four benefits condo communities receive when they have a condominium association management provider perform preventative maintenance on equipment and areas that require it. For assistance developing a preventative maintenance plan, contact a provider of condominium association management services today.

There are two ways to preserve something that needs scheduled maintenance: maintain it regularly according to the advice of professionals, or fix it when it malfunctions. Fixing something when it breaks may seem like the easiest option, however performing regular maintenance rarely takes as long as doing repairs. By performing regular maintenance on equipment and areas in the community, a condo community can save time, and receive the following benefits as well.

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