As a rental property owner, you may try to do as many things as you can on your own when it comes to maintaining that property; this can mean saving money on the cost of building consultancy, but this doesn’t mean it’s the best idea for your properties. Note a few advantages that a building consultant can offer you and why hiring such a professional or using this type of company may be the most cost-effective choice in the long run.
Preventative maintenance schedules
It’s never a good idea to wait to make repairs to your rental property after something has broken down. Preventative maintenance to furnaces and boilers, air conditioning systems, concrete or asphalt parking lots, and other such areas can be less expensive than repairs and can also mean extending the life of equipment, outdoor surfaces, and the like.
A building consultancy service can know the best preventative maintenance schedules based on the current condition of your building and its equipment, the expected lifespan of your equipment models and materials, and the like. This can mean saving money when it comes to repairing or replacing those items and not causing as much of a disruption because of the repair work needed.
When is a building or any part of a building beyond repair so that it needs to be demolished or replaced altogether? You may hesitate when a roofer tells you that the roof to your building needs replacing versus repairing, or if a contractor tells you that an outbuilding such as a storage facility has so many building code violations that it would be very costly to repair them all. However, a building consultant can note if those areas of your property are actually dilapidated, or if repairs can still be performed; they can also advise as to which is the best financial decision for your property.
You may have a hard time negotiating with current or prospective tenants when it comes to changes they want to have made to the building in order to suit their needs, or to their rental schedule. A building consultant can negotiate with tenants and may know what requests of theirs are reasonable and which may not be cost effective or feasible for you. They can make recommendations as to changes to be made to the building, rental amounts, and the like, so you are still attracting tenants but are also profiting from your rental property.