The Real Cost of Delaying Maintenance in Your Complex
Putting off maintenance might seem like a way to save money – until the real costs start adding up. Deferred upkeep doesn’t just impact the appearance of a Scheme – it affects safety, property values, and your budget.
Here’s what can happen when maintenance is neglected:
- Escalating Repair Costs – Small issues like minor roof leaks can become major structural problems
- Safety Risks – Faulty gates, electric fences, or deteriorating common areas can create serious hazards
- Increased Operating Costs – Old equipment like pool pumps and outdated lighting can drive up utility bills
- Declining Property Values – Buyers are quick to notice a neglected Scheme – and it shows in lower resale prices
Prevent this by planning ahead.
A detailed, itemised 10-Year Maintenance Plan enables Schemes to:
- Budget for upcoming repairs and improvements
- Prioritise necessary projects
- Comply with legislative requirements
- Preserve long-term property value
At ANGOR, we assist Trustees by:
- Connecting them with trusted professionals to draft accurate 10-year plans with detailed budgets
- Managing and reporting on the Scheme’s finances to support proper execution of those plans
Contact us to learn more.