Preventive maintenance is the regular inspection and repair of equipment and facilities to prevent extensive, costly damage from occurring over time. Preventive maintenance can go a long way toward reducing the overall cost of your condominiums, as large expenditures for repairs and replacements can often be avoided by a careful attention to detail. Following a thorough condominium preventive maintenance checklist can help you to increase the attractiveness of your properties, boost your tenants’ satisfaction and strengthen your profit margins.
Well-maintained condominiums increase owner satisfaction. Inspections
Perform regular inspections on all equipment and facilities that are subject to damage or normal wear and tear. Inspect such things as roofs, pools, insulation, ventilation systems and appliances to ensure that they are operating safely and efficiently. Make inspection a priority among your maintenance staff; create thorough checklists that must be marked off and signed by the inspecting employee, and hold inspectors accountable for the thoroughness of their examinations.
CT: Private Roads and the Price of Homes
News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network
TX: Bill to prevent HOA foreclosures on active military passes committee
News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network
Sizing up Safety
Despite entrance gates, security patrols and neighborhood watch groups, community associations are not immune to crime. As the slow economy leads to layoffs and tightened personal budgets, desperate people may break the law. Perhaps now may be the best time for an association to review its safety and the steps it can take to help prevent crime.
“I think we’ll see an increase in crime with the number of homes that are vacant due to foreclosure,” says Melinda Johnson, CMCA a senior property manager. ” With banks posting notices of ownership…, criminals may begin to look for the right opportunity.”