At some point, we‘ve all had to weigh the pros and cons of investing money now to save money in the future. Take insurance for example: whether it‘s optional or required, we sort through the available options to get the best deal possible in case we need it. While we never expect to experience flooded apartments and car accidents, we‘re thankful that insurance covers us when unexpected events happen.
Preventive maintenance is much like property insurance, but you won‘t find it bundled in with your fire, flood, and earthquake policies. It‘s up to you to decide if and when you need it. An intelligent preventive maintenance plan could be your best bet to prolong the life of your equipment and minimize the negative effects of unforeseen circumstances. Approximately, 9 out of 10 HVAC system failures are a result of dirt and rust, but you can avoid this issue by doing simple maintenance work. If you find that your HVAC system is not functioning as well as it used to, it might be time to do some maintenance work to prevent a small problem from ruining the entire system.
On average, businesses spend nearly 15% of their total operating budgets on maintenance. Given that it is a significant portion of all operating costs, many property owners strive to find smart ways to control spending. The cost savings of preventive maintenance become more evident when looking at the breakdown of HVAC ownership costs with and without preventive maintenance plans. With a preventive maintenance plan, you can expect your annual HVAC costs to be significantly lower due to the decreased amount of repairs needed. Not only that, but a heating and cooling system that is regularly checked functions more efficiently and thus reduces monthly energy costs.
If you are considering implementing a preventive maintenance plan on your property, it is better to take action sooner rather than later. The longer you postpone performing regular check-up work on your equipment, the more prone the equipment will be to unexpected breakdowns. However, the sooner you institute a preventive maintenance plan, the greater the rate of return will be on your investment.