It’s budgeting season….are you planning for problem pipes?

With the pressures and stress around market uncertainty, thinking about budgeting for capital improvement projects may feel daunting and challenging. Despite all the challenges we are all experiencing, starting to plan for and prioritize your capital improvement projects doesn’t have to be difficult.

Whether you are a condominium community, a multi-family property manager or owner, you are likely just starting to think about what needs work next year at your community. Does the parking lot need resurfacing, how’s the roof holding up, are we finally ready to replace the windows after all these years? Landscaping, kitchen renovations, the pool, the lobby, parking garage, laundry? While the list may be long and negotiating priorities with your board or management team may be arduous, we want to put in a small word for one thing you may not be thinking about for next year… your pipes.

Access to clean, fresh water, functional drain and waste piping systems, and efficient HVAC systems have always been essential, Plumbing systems that were already nearing the end of their useful life have seen increased stress due to expanded use from  people working remotely, meaning they are home all day, using their plumbing and HVAC. The stress on these systems will not be easing anytime soon.

You simply can’t risk repeated or extended outages from plumbing failures when owners and residents need their plumbing to work properly. Failure is not an option, and nothing could be more catastrophic than a flood in your community. But if you plan ahead, you can avoid this leaky lane with proper planning and preparation.

So how are your pipes? Have you had any leaks this year? How many? Were they bad? Nothing is worse than thinking you can get by for another year or two only to have a catastrophic and expensive pipe failure that you were not planning for next year. Think you need to start budgeting for it, but you are unsure how much or what it might cost? Contact us for a free consultation and we can help you figure it out.