Owning a building is usually a very big achievement for many people. A building seems to be one of the few assets that have potential to increase in value. It does not matter whether you rent the property or are using it for selling or manufacturing purposes. The bottom line is that you want you would wish to have the building used until the end of its lifespan or even extend that life span. Building management skills are therefore essential for you.
You need to maintain the regular maintenance activities in your building. Get someone to check whether your fire safety gadgets, security alarms and electricity meter are in proper conditions. This reduces your chances of losing your building to factors as fire while you could have avoided it.
Undertake any repairs in the building every time you spot a crack or anything worth repairing. Small cracks on the wall for example can develop into bigger ones that can bring down your building. Do not assume any small mishap on the building as minute and not worth your attention. If, for example, you see a small electrical wire hanging or your electrical meter heating up, deal with it there and then. Do not wait for disaster to strike.
Be in charge of controlling the structure even when you have property managers managing your building. Employees need their boss to motivate them and provide them direction. Do not just assume that the managers will take appropriate care of your building.
When the building is intended to be utilized as a residential building, please ensure that tenants adhere to this. Operating heavy machines in structures not intended for such activities expose these to high frequency vibration that cause their damage. If you need to change how what the building is used for, it is best to consult a structure and construction engineer to counsel you properly.
If you decide to rent your property to third parties, ensure you agree with them on the kinds and limitations of activities that they are allowed to do under your roof. Tenants can use your buildings to for activities not favorable for your building. If such issues are not agreed upon, the tenant may not necessarily feel obliged to compensate you for any damage. For instance, a tenant running heavy machinery in the building can damage the building quite quickly.
Comply with all safety standards that are recommended by state regulations. Your engineer should be in a better position to understand all rules and environmental factors that the state requires of any building before it is erected. Environmental conversation agencies may for example require that a building does not go beyond certain heights.
Keep your building busy. If it a residential house and you are unable to live there because of circumstances rent it to someone. Abandoned buildings are known to age faster than their counter parts.
You need to maintain the regular maintenance activities in your building. Get someone to check whether your fire safety gadgets, security alarms and electricity meter are in proper conditions. This reduces your chances of losing your building to factors as fire while you could have avoided it.
Undertake any repairs in the building every time you spot a crack or anything worth repairing. Small cracks on the wall for example can develop into bigger ones that can bring down your building. Do not assume any small mishap on the building as minute and not worth your attention. If, for example, you see a small electrical wire hanging or your electrical meter heating up, deal with it there and then. Do not wait for disaster to strike.
Be in charge of controlling the structure even when you have property managers managing your building. Employees need their boss to motivate them and provide them direction. Do not just assume that the managers will take appropriate care of your building.
When the building is intended to be utilized as a residential building, please ensure that tenants adhere to this. Operating heavy machines in structures not intended for such activities expose these to high frequency vibration that cause their damage. If you need to change how what the building is used for, it is best to consult a structure and construction engineer to counsel you properly.
If you decide to rent your property to third parties, ensure you agree with them on the kinds and limitations of activities that they are allowed to do under your roof. Tenants can use your buildings to for activities not favorable for your building. If such issues are not agreed upon, the tenant may not necessarily feel obliged to compensate you for any damage. For instance, a tenant running heavy machinery in the building can damage the building quite quickly.
Comply with all safety standards that are recommended by state regulations. Your engineer should be in a better position to understand all rules and environmental factors that the state requires of any building before it is erected. Environmental conversation agencies may for example require that a building does not go beyond certain heights.
Keep your building busy. If it a residential house and you are unable to live there because of circumstances rent it to someone. Abandoned buildings are known to age faster than their counter parts.
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