All, Miscellaneous, Facility Management
Most of us live in Apartment or Housing complexes that are governed by Co-Operative Housing Societies or Resident Association Bodies. As Property Managers, we are contracted to increase the efficiency of the day-to-day operations at the buildings that we manage. One of our most important tasks is to control expenses incurred to operate the building. These expenses form components of a Maintenance Bill, which every apartment or home owner pays. We often question maintenance charges and are curious to know what our maintenance bill comprises of.
Below is a list of Charges that Every Home Owner has to Contribute Towards:
Is an expense that every home owner must pay to the Governing Municipal Body. Property Tax varies based on the Capital Value of the property owned
Include charges related to Electricity Consumption in Common Areas of your building – Elevators, Pumps, Lights, Fans, Air Conditioning Systems, etc.
Comprises of charges from the Municipal Body or Corporation & Water Tanker Charges, in case the Municipal Water Supply did not suffice the needs of the Residents
This is the cost of your Maintenance teams, staff that services you daily – Security, Housekeeping, Electricians, Plumbers Pool Attendants, Gym Attendants
These are charges towards Periodic Maintenance contracts for Elevators Servicing, DG Sets, Pumps, Tank & Drain Cleaning, Pest Control, Periodic Glass Façade Cleaning
Are charged to home owners that enter into Rental or Leave & License agreements. Most buildings charge an additional 10% of the regular maintenance bill as a Charge to Non-Occupant Members of a Society or Association
Are charged by most Associations & Societies in case a Member wishes to sell his/her apartment/home to third party individual or company. Transfer charges vary based on what has been agreed to by Individual Societies & Associations. However, they are bound by a Maximum Limit
Comprises of fees paid to Architects, Internal Auditors, Society Consultants
Regular overhauls of all buildings are required on a periodic basis. This includes activities like painting, civil work, fixing of leakages, etc. The Sinking Fund & Repair Fund are created by a Society to ensure that these funds are collected in a timely manner. The monthly contribution to these funds is calculated as a percentage of the cost of the building
Applicable in some buildings for additionally allotted parking spaces
Are charged by some Societies & Associations towards the usage of club houses, pools, gymnasiums
The Three Easiest Avenues to Explore to Save on your Maintenance Bill -
Appoint a company to conduct an energy audit. Ensure that you ask for solutions that involve CAPEX & ones that do not involve CAPEX
Check the heating levels in the wires by conducting a thermography analysis
Install Timers & check the wiring/looping of your circuits. How many lights come on when you turn on one switch? Rewire circuits to optimize efficiency & reduce the amount of lights connected to a single switch.
Use technology to replace manpower. Especially in Elevators, Parking Lots, Gates. Biometric, Perimeter Protection & RFID Card readers can be used to access control instead of employing more security guards
Install a Sewage Treatment Plant & Rain-Water Harvesting tanks if possible. Ensure that your water treatment plants are running at optimum efficiency.
All, Miscellaneous, Project Management & Advisory