Preventative maintenance is a proactive approach to maintaining the physical assets of a property, such as buildings and equipment. Its goal is to prevent problems from occurring in the first place, rather than reacting to issues as they arise. A condo or HOA preventative maintenance plan is a schedule of maintenance tasks that are performed on a regular basis in order to keep a property in good working order.
Starting a preventative maintenance plan can be a good idea for a homeowners association or condominium for several reasons. First and foremost, it can help to extend the lifespan of the association's assets, such as its buildings and common areas. This can save the HOA money in the long run, as replacing or repairing damaged assets can be costly.
In addition, a preventative maintenance plan can help to prevent unexpected and costly repairs. For example, if a townhome association has a plan in place to regularly inspect and maintain its roof, it may be able to catch small issues before they turn into major problems that require costly repairs.
Preventative maintenance can also improve the safety of a property. For example, if a condo has a plan in place to regularly inspect and maintain its elevators, it can reduce the risk of accidents or breakdowns.
Overall, starting a preventative maintenance plan can be a smart investment for a HOA, condominium, or townhome community. It can help to extend the lifespan of the association's assets, prevent costly repairs, and improve safety. It is important, however, for the HOA to develop a comprehensive plan that covers all of its assets and to follow the plan consistently in order to maximize its benefits.
If you're interested in developing a preventative maintenance plan, reach out to your community manager. You can also contact us at Red Rock and we'll be happy to help.