Modern Buildings – Do They Have A Long Shelf Life?
Today’s modern buildings often have a complex and multipurpose structure, taking into account such compound factors as variegated mechanical and engineering systems, which cover such things as security, parking, heating, cooling, lighting, etc. This often leads to buildings being developed with extremely complicated CHP plants, comfort cooling systems, smoke and waste extraction systems, lifts, etc. These things don’t come cheap, and if any fail then of course, there is a high cost of replacement involved.
Therefore, it is very important to have a properly thought out and laid out long-term capital expenditure plan and of course, a proper asset management plan too. When putting together the plans an effective block manager will take into account such things as the life-cycle replacement and continuous maintenance of the mechanical and engineering systems, and ensure the continuance compliance of such systems too. A competent capital expenditure management plan will consist of a review of the developments needs and the long-term business requirements of the development owner. Mainstay Residential believe in reviewing the fixed asset needs of a development on a regular basis to ensure the development has adequate resources to thrive and stay ahead of rival developments.
Asset management is, of course, very important too. This covers such specifics as activities and resources, responsibilities and timescales for implementing the long-term approach to the management of the development’s assets in order to achieve the agreed level of service. This can be difficult to develop within today’s leasing environment, which tends to operate on a one-year basis. The knowledge needed to put together such plans, including such skills as pricing for the life-cycle replacement, and pricing for the continuous maintenance and compliance of such complicated plants.
Further complications are also added to the plans, when you think about the fact that developers of modern buildings tend to be involved in the scheme longer than they think, due to the fact that schemes these days are taking so much longer to sell. This can mean that in a lot of cases, developers are now effectively becoming landlords too – with the associated complex responsibilities associated with that.
All these matters can be effectively dealt with by effective block management which will ensure that not only is a long-term planning solution and effective maintenance solution put in place to ensure a best value approach, but will also offer a USP to developers who are attempting to cope with the multiple skills required to manage a building properly. This will enable an effective strategy to be built on to ensure that the building is effectively managed – a selling point which will attract potential purchasers.