With spring well in swing, now is the time to tackle some apartment building maintenance projects. We’ve looked at some great ways to create additional apartment building revenue. Now, it’s time to get back to basics. While these items will come with a cost, they are totally necessary for the overall health and financial feasibility of your commercial investment. Put another way, if you don’t want your property to turn off potential renters, you need to keep on top of a few things.
Apartment Building Spring Cleaning Opportunities
One thing that spring brings is more than warm weather. During this time of year, many retailers (and even contractors) have deals on items and services. So, this is a great time to stock up on AC filters, light bulbs, landscaping tools, and more. In addition, shower heads, water filters, and other things which need periodic replacement.
People tend to move most frequently during the spring and early summer months, so you will typically find yourself using a lot of materials and supplies during this time of year. You may also find that your preventive maintenance routine gets put on the back burner this time of year because of all the move-ins and move-outs. —Rent Prep.com
Furthermore, spring is an excellent time to put the spotlight on safety. Check all smoke detectors and alarms. Have all fire extinguishers tested, as well as any other safety gear. This is also a wonderful opportunity to renew communications with tenants. Establish or restart your newsletter. Be sure to include information like scheduled water shut off times, parking lot paving, and other maintenance jobs.
Best Apartment Building Spring Cleaning Maintenance Tips
Aside from the above, you should also take advantage of the wonderful weather. This is the ideal time of year to tackle some basic apartment building spring cleaning maintenance, like the following:
- Roofing. Okay, so Irma did a whole lot of damage. And, most of the obvious destruction has already been fixed. But, that doesn’t mean there’s nothing to check again. Since the roof is one of the biggest replacement costs, it’s best to stay on top of it. Here’s where preventative maintenance really pays off in more ways than one.
- Landscaping. The Sunshine State offers an idyllic scenic backdrop. But, it can make your property look very bad, if it’s not in good condition. Curb appeal applies to commercial real estate just as much as it does to residential homes. This is a great time of year to improve the landscaping.
- Painting. If the exterior is looking a bit dirty, then it’s probably time for a good pressure washing. However, that just might be insufficient to get the job done. If not, this is the best time of year to fresh the exterior paint.
- Repairs. Whether it’s the leaky faucet in the clubhouse, the torn flooring in the gym, or that overgrown tree in the parking lot, spring is the time to take care of it. (And, whatever else is broken.) Reach out to tenants to learn about things which need attention that you’re unaware of at this time.
If you’d like to learn more about commercial real estate investment benefits and more about the process, please contact me.