If the economic outlook is going to delay a large-scale facility project, it may be beneficial to complete smaller repairs to an existing facility to ensure that they don’t become larger, more costly issues. Tuckpointing, roof repairs, and electrical work are just a few examples of the types of routine maintenance that often require attention if left unaddressed for too long.
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Read more about how to manage deferred maintenance in this article from our “Ask a Real Estate Expert” series.
Completing this work also offers opportunities to increase the energy efficiency of the facility, which can meaningfully reduce utility bills. If a roof replacement or installation is needed, for example, improving the insulation by adding a few inches of foam board is a small cost in terms of the overall project and can significantly save on both heating and cooling costs.
The same is true if windows or doors need to be repaired or replaced. Poorly insulated windows and doors increase the amount of energy lost via building emissions, which is both damaging to the environment and an organization’s bottom line when utility bills are due. There are several basic steps nonprofits can take to improve building insulation to curb energy loss, including installing weather stripping on windows and gasketing and sweeps on doors to help create a better seal to reduce energy consumption. Updating windows to increase energy efficiency is also a good opportunity to increase the volume of natural light in the facility, which has programmatic benefits.