Maintenance cost is a costly expense that every business has every month. It takes a lot from your revenue stream while still being a nuisance in your next cycle. It’s expensive, it’s enduring, and it’s an ongoing liability that you can’t get rid of.
However, by following these tips, you can save a couple of your funds monthly without suffering too much in business performance.
Lighting takes a lot from a business’s maintenance cost. It is also required in your building every day, so you can’t afford to be thrifty about it. However, what you can do is upgrade your building’s lighting so it may last longer and cost cheaper in the long run.
The reason why lighting costs so much is that most buildings use old light bulbs. By upgrading the lighting in your building, you can save money in future maintenance fees. Replace your old light bulbs with Compact fluorescent lamps (CFLs) or Light-emitting diodes (LEDs). These may be expensive at first glance, but they last longer and consume less electricity.
Heating, ventilation, and air conditioning all take a huge part of your maintenance fees every month. By not upgrading old HVAC systems, you can also run a risk of breaking them. This increases your costs and reduces your business’ productivity because of unscheduled maintenance.
The Department of Energy claims that buildings that spend the time and money to upgrade their HVAC systems can save up to 50% on their energy and maintenance costs. DOE approved HVAC systems such as the Energy STAR certified HVAC system are known to save up to 30% of energy costs annually. Spending funds on these kinds of upgrades can help your business reduce the chance of unscheduled maintenance visits, save on energy bills, and keep your overall maintenance costs down.
Investing in a modern electrical system is beneficial for your business. It keeps your employees safe and your maintenance costs low. It was found that there are approximately 30,000 cases of non-fatal electrical injuries in the US. Most of these injuries happen at work. This happens because of some businesses running old electrical systems in their workplace.
Additionally, old electrical systems can also affect the power distribution in your building. Inefficient power distribution can lead to inflated energy costs and unwanted power outages in various parts of the building. It can also lead to faulty lines, which are expensive to maintain. Currently, the Department of Energy is modernizing many electrical systems in public workplaces. You can help them by starting modernizing yours.
Preventive maintenance is a strategy that can aid you with reducing your maintenance costs the moment you start your business. The strategy relies on you being proactive with possible problems in your building and working on them as soon as possible.
Preventive maintenance on services such as repairing windows, tiling, and door replacement, can help you save a lot of money in the long run as these services cost a lot cheaper when done preventively. It can also help increase your business productivity. For example, tiling is a serious problem when not scheduled right and can completely stop employees from efficiently going to places in your building. By being proactive with your maintenance, you can stop that from happening.
Maintenance costs are a problem for every business that rents or owns a building. By overlooking certain inherent problems that your building has, you can risk reducing your business’s productivity and increase the risk of a workplace hazard. Start practicing preventive maintenance and have a good look into which parts of your building requires proper maintenance. By doing so, you can reduce your costs in the future while also keeping your workplace safe from any hazards.