10 CRE Maintenance Tips to Protect and Enhance Asset Value

Protecting the value of a property in commercial real estate (CRE) is crucial, especially for long-term investments. It’s important to adopt a proactive preventive maintenance plan to reduce costly repairs, keep buildings in top condition and help attract and retain tenants. If you are an owner, investor or property manager, commercial real estate maintenance safeguards your assets and enhances value.

Here are 10 CRE maintenance tips to consider:

Conduct routine inspections

Schedule routine inspections for HVAC, plumbing, electrical and roofing. Remember to replace filters, clean ducts and check roofs for leaks regularly as a part of building maintenance and care. Routine inspections and maintenance reduce unexpected repair costs, while prolonging the lifespan of critical building systems.
Curb appeal matters

First impressions make a difference. Ensure that the exterior of the building is clean and that cracks are repaired, and add a fresh coat of paint to enhance curb appeal. Exterior upkeep also includes landscaping and hardscaping, which adds value and attracts potential tenants.
Regularly clean gutters and repair the roof

Regularly cleaning gutters and downspouts prevents water damage and maintains the building’s exterior. Proper roof care also prevents structural damage. Inspect for missing tiles, shingles, signs of wear and tear or damage that can bring on leaks.
Check HVAC system performance

Efficient HVAC systems not only lower utility costs but also improve tenant comfort. Performing seasonal system checks, changing filters monthly and annual duct cleaning help HVAC systems operate more effectively. For older systems, investing in upgrades can improve energy efficiency and save costs over time. If the lease is a NNN lease, make sure the tenant is required to service the units semi-annually.
Implement water management and plumbing

In a multi-tenant building, consider low-flow fixtures that conserve water. Water heater maintenance prevents corrosion, water pressure issues and leaks. Regular plumbing checks help avoid long-term damage, which can reduce utility costs and increase asset attractiveness.
Perform electrical safety checks

Have your electrician perform safety checks on panels, while checking that the wiring (particularly in older buildings) is up to code. Install surge protectors to ensure emergency systems are functioning, reduce liability risks and safeguard tenant operations from interruptions.
Maintain pest control schedule

Regular pest control maintenance sustains tenant relationships, addresses infestations immediately and halts structural damage.
Oversee safety and compliance measures

The adherence of safety codes and ensuring ADA compliance measures are paramount to minimizing liability and upholding legal and regulatory standards. Regular maintenance of fire alarms and inspections of fire extinguishers etc., must be routinely scheduled with a local fire safety officer to ascertain code compliance.
Offer tenant-focused upgrades

A periodic interior and common area makeover, such as new paint and fixtures, and/or furnishings, improves tenant experience and leads to better tenant retention. Technology upgrades like Wi-Fi, smart building systems, etc., offer the building a competitive edge over competitors.
Keep documented maintenance records

Detailed logs of repairs, upgrades and inspections demonstrate proper maintenance with a focus on protecting the asset value helps the disposition of your asset. This aids future buyers in making informed decisions quickly on the acquisition. A well-documented preventive care plan and history go a long way in supporting asset valuation.

At Davis Commercial AZ, we work closely with CRE investors and owners to provide advice on maximizing asset values. If you are considering an investment purchase or an asset sale, reach out to learn more about our services.