The need to effectively maintain a building is critical to retain asset value. Often repairs are undertaken too late, necessitating expensive remedial work or renewal of the affected element, much to the dismay of the building owner and occupier.
To alleviate this situation Hampton Jones can provide structured maintenance plans that are based upon a sound understanding of risks associated with building design and material degradation. A planned change in legislation (Unit Titles Act) means that in the future building owners who are part of a multi-unit complex will be required by law to have a
Maintenance Plan.
We provide Maintenance Plans and Sinking Fund Analysis to assist in the efficient management of the asset and maintain an asset’s capital value and general amenity.
Detailed Planned Maintenance Programs are developed to enable forward planning for the upkeep and eventual replacement of deteriorated building fabric. Our plans include:
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Detailed description of the buildings fabric and structure
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Condition of each building element
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Required maintenance regime
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Budget costs for each item
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Expected renewal date
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Advice on procurement strategy
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Prioritisation of works
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Going one step further, we also offer a Sinking Fund Analysis for amortising high capital cost items.This involves an assessment of the element’s remaining economic life through consideration of its existing condition and use, then a distribution of its replacement cost over the forthcoming years to provide a uniform contribution to a sinking fund.
All our reports are tailored to the client’s specific needs, and can include provision for inflation, adhoc repairs and fees, as well as option studies for varying maintenance regimes.
