Ongoing Maintenance
What is it?
Ongoing Maintenance is a key performance indicator that measures the costs involved in keeping a property in working condition over a given period. It includes routine repairs, replacements, and adjustments conducted to prevent deterioration or degradation of the building, installations, or systems within the property.
How is it calculated?
Ongoing Maintenance costs
* Only includes selected accounts in settings.
** Includes only net for specified time period.
Why is it important to follow?
Tracking ongoing maintenance is crucial for several reasons:
Property longevity
Regular maintenance ensures that buildings and installations remain functional, reducing the risk of major, more expensive repairs in the future.
Cost efficiency
Planning and tracking ongoing maintenance helps property owners better control maintenance costs and avoid costly emergency repairs.
Property value
A well-maintained property retains its value over time and, in some cases, may even appreciate in value, which is important for long-term property owners and investors.
Created by Homepal
10/1/2024
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