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Maintenance Tips for First-Time Commercial Property Owners

Maintenance Tips for First-Time Commercial Property Owners
 Owning property is an investment, and owning commercial property is an even bigger responsibility than residential ownership. The building needs to remain secure and up to code for the safety of those who frequent the structure. If you’re new to the game, check out these maintenance tips for first-time commercial property owners.

Conduct Regular Walkthroughs

Check everything periodically. Do regular walkthroughs for your building to avoid any surprises or big issues that may arise. Make standard inspections routine so that you don’t have to deal with high costs when facing unaddressed issues. Try and conduct these once every three months at least.

Keep a checklist of the main areas you want the inspector to check, and have your maintenance employee report back to you with a weekly update for the building. This way, you maintain detailed documentation about your property and remain aware of any changes.

Do a Roof Check

It’s wise to inspect the roof often. Residents occupy the interior of the building, meaning the roof won’t receive frequent visits. This makes it easy to neglect this area. Still, you shouldn’t let the roof go unnoticed.

When it comes to the roof, never do a basic or glance inspection. Any roof inspection needs to be thorough, as even visually small issues can lead to significant problems. Check for any cracks, leaks, or areas that look like they won’t make it to the next season. Start strategizing ways to repair and fix the damages right away.

Clean the Outside

Curb appeal matters. No one wants to visit or enter a building when the outside looks horrible. Because we don’t live in a perfect world, you should expect people to litter. Never let trash build up around your building. Instead, have trash bins available outside to encourage patrons to dump their trash there.

Any commercial property owner should prioritize maintaining the parking lot as well. It’s important to clean this area regularly and make sure the cracks are insignificant. If the asphalt or concrete develops too many imperfections, these flaws could lead to damaged vehicles and angry guests.

Repair All Damages

Don’t put things off. When you see damage or issue, address it immediately. Letting problems fester will only make things more expensive for you in the long run. If there is an electrical problem, a leaking roof, or an issue with the HVAC system, hire someone to solve the problem.

Try not to let money prevent you from fixing the problems immediately. Set up an emergency fund to ensure that when it comes time to pay, you don’t need to worry about your finances.

Owning commercial property for the first time is a huge achievement, and it’s important to take pride in your accomplishment by following basic maintenance tips.