Poor building operations management can cause all sorts of problems, from financial to legal issues. That’s why it’s crucial to create a solid preventative building plan. We take you through the hidden costs that can creep up on you with a poor maintenance plan.

But first, what is a planned preventative maintenance plan?

Also known as PPM, a planned preventative maintenance plan is a proactive strategy used to preserve equipment, properties, and facilities. It can be done by performing routine inspections, regular repairs, and cleaning. Ultimately, this is to make sure everything’s running safely and smoothly, 

It’s well worth it too. Because it means you can spot problems quickly and prevent unexpected breakdowns (which absolutely no one wants). 

What are the hidden costs of poor building operations?

Unhappy tenants 

In the world of built-to-rent slow response times, poorly maintained communal spaces, and security mishaps are all red flags for tenants. It’s only a matter of time before they grow disillusioned and look to live elsewhere.

It’s all about being reliable. Buildings that suffer from frequent maintenance issues experience higher tenant turnover and lower renewal rates.

Legal and compliance issues

We all know how crucial building safety and environmental regulations are. They keep us safe, sound, and protect us from any hazards. Failing to maintain properties in line with legislation can lead to legal penalties, and even damage your reputation. 

Here are the key compliance risks:

  • Health and safety – Landlords are legally responsible for making sure homes are safe for tenants. They must regularly check gas and electrical systems to avoid carbon monoxide poisoning and fire risks.
  • Fire safety violations – Properties that don’t meet Fire Safety (England) Regulations can face unlimited fines and in serious cases imprisonment. 
  • Building Safety Act Non-Compliant – For buildings over seven storeys, the Building Safety Regulator has the power to prosecute landlords and building managers who fail to comply with fire safety regulations.

Escalating repair costs

It’s a tale as old as time… The longer you leave a problem, the bigger and more serious it becomes. Exactly the same goes for PPM. For instance, a small leak may seem insignificant but over time, it can develop into serious structural damage which would cost an eye-watering amount to fix.

Why should you invest in building operations then?

Well-structured and efficient building operations can save you a lot of hassle, headaches, and money. Constantly checking and maintaining facilities means you’ll spot problems before they happen. Future you will thank you.