How To Reduce Maintenance Cost Of Building?

Hey Friend,

For your dream home, you have paid lakhs of rupees. The cost of home ownership doesn't stop there, even after that. Owners must pay a maintenance fee in order to keep the property maintained. You cannot avoid this expense as a homeowner. However, you have the option of using strategies for reducing maintenance costs.

In actuality, when renting out their house, the majority of owners pay little attention to the maintenance fee. But as the delivery date draws near, it starts to trouble the buyers. After all, the owner's revenue is significantly reduced by the cost of maintenance. If you're trying to find ways to reduce maintenance costs, you'll need to have a good plan in place. Before beginning my discussion to clarify your query about how can I reduce my maintenance costs, I would like to brief you on;

A communal area exists in a housing development. The Real Estate (Regulation and Development) Act mandates that the developer be responsible for providing and maintaining basic services at fair maintenance costs. The owners of the building are responsible for paying the fee.

The developer won't be allowed to charge for maintenance as a result of the creation of RWA. The maintenance fee is applied to installations of central services and equipment required for the building, as well as for gardens, parks, stairs, lobbies, fire escapes, elevators, community centres, entrances, and exits of the building.

• Audit energy:

Examine the areas of your home where energy is used the most by conducting an energy audit. When you do, make the necessary repairs to save money. For instance, repairing wall cracks can reduce the cost of power.

• Energy conservation: 

One fantastic way to lower electricity costs is to add solar panels for electricity generation. The common areas like the parking lot, lobbies, parks, and so on can be illuminated using the electricity provided by the solar panels.

• Create a water reserve:

Water can be saved easily with the use of a rain-water harvesting device. 

• Replacement: 

Keeping an outdated system up and running can be expensive. Therefore, repairing damaged air conditioners or lighting might assist to save maintenance costs. It can be expensive to replace the HVAC system's air ducts. It is therefore preferable to replace an outdated HVAC system with a new one.

It's usually preferable to handle the drilling process on your own rather than relying on a professional.

• Making a Schedule for Maintenance:

You must have a planned programme for maintenance. You may make sure that every area of the house or property is clean with the aid of the schedule. The workload can be reduced by periodically cleaning each space.

The aforementioned advice can help you save a lot of money and also assist you with your query, on how to reduce building maintenance costs. As a result, your ideal home's upkeep costs would go down.

I would like to conclude here as I believe this suffices your query about the strategies for reducing maintenance costs. I hope this helps:)

Read More: