Planned Maintenance, Long Term Maintenance Plans, Capital Expenditure, Budget and Building Condition Reports
When setting service charges, reserve funds or budgets; a landlord, managing agent or property owner needs a clear understanding of the condition of their property and accurate projected building repair and maintenance costs for future expenditure.
At LBB Chartered Surveyors, our Building Surveyors have this specialist knowledge and years of experience to draw on.
We can provide tailored advice that helps make sensible plans and budget for the cost of future maintenance and repair works that may be required; or that may arise in compliance with lease or statutory obligations.
We offer an easy-to-follow report specifically designed to help property owners or managing agents make sensible provisions, and set budgets and plans for the future maintenance of a building.
Our reports guide property managers when setting service charges and reserve fund contributions, so they can be balanced evenly over a number of years to try and avoid (as far as possible) large one-off service charge demands for foreseeable expenditure on major planned maintenance work.
The reports are typically set over a 10 year period, but longer timescales can be used.
We have carried out hundreds of these reports for national managing agents, housing associations and many individual property owners – some on a large portfolio basis comprising several hundred properties at a time.
Many of our property manager clients feel more secure knowing that provision has been made for future major repair costs.
For advice, or more information, contact:
