Owning a building is usually a very big achievement for many people. A building seems to be one of the few assets that have potential to increase in value. It does not matter whether you rent the property or are using it for selling or manufacturing purposes. The bottom line is that you want you would wish to have the building used until the end of its lifespan or even extend that life span. Building management skills are therefore essential for you.

You need to conduct regular maintenance checkups in the building. Things like safety fire gadgets may have been interfered with and you are not aware. Get a specialist to check your electricity meter, security alarms, and fire safety status of your building on a regular basis. This reduces your risk exposure to things like fire owing to avoidable circumstances that can damage your building.

Carry out any repairs on the building as soon as it is necessary. Many buildings have been brought down due to paying less attention to simple cracks on the wall that soon magnified into bigger ones. Do not overlook even a simple problem like your electrical meter heating up abnormally. It is potentially dangerous to you and the life of the building.

Be in control of managing your building even if you have property managers managing the building. Employees need their boss to motivate them and give them direction. Do not leave it up to your employees to manage that building for you.

If the building is meant to be used as a residential building, please use it for only that purpose and nothing else. Operating heavy machines in buildings not meant for such activities expose them to high frequency vibration that lead to their early collapse. If you have to change the way the way you use your building make sure you consult a building and construction engineer to advise you appropriately.

Where you are renting your building, discuss with your tenants in advance the type of activities they can engage in and those that they are prohibited to do within the building. If for example you are renting it out to a manufacturer, let him know the extent to which heavy machinery can be operated within the building. You will not be able to blame them or claim from them if they cause damage to your building if, compensation does not form part of the agreement.

Your state defines certain safety standards and environmental concerns that must be adhered to any time you are putting up or improving an already erected building. Ensure you adhere to these safety provisions and you will find it not only prolonging the life of your building but also good for your safety. your construction engineer can offer you the best advice.

Do not leave your building unoccupied for a long time. If you cannot operate in the building because of other commitments or you have another, then please rent it out. Leaving your building idle for an extremely long time makes their life span shorter.

Want to find out more about shared version tenancy here.