CHAPTER 4 • )•: 
THE 
ECONOMICS 
OF 
PROPERTY 
STEWARDSHIP 
Why Preventive Maintenance 
Protects More Than Your Building 
Buildings are among the largest financial investments 
most people and organizations will ever own. 
Yet every day, environmental forces work to reduce 
their performance, beauty, and value. 
Preventive maintenance and stewardship are not 
optional-they 
are essential. The decisions you make 
today influence repair costs, replacement timelines, 
occupant confidence, insurability, and the long-term 
value of your property. 
This chapter explores the financial benefits of 
stewardship and how thoughtful, consistent care 
protects more than your building-it 
protects 
your investment, your peace of mind, and your 
future options. 
KEY TAKEAWAYS 
After reading this chapter, you will understand: 
• 
Why preventive maintenance generally costs less than deferred maintenance over the life of a building. 
• 
How routine inspections and small repairs help avoid larger capital expenditures. 
• 
Why life-cycle cost is more meaningful than individual repair cost. 
• 
How property condition influences value, insurability, occupant confidence, 
and long-term financial performance. 
• 
Why stewardship is an investment strategy-not 
simply a maintenance program. 
The true cost 
of ownership 
is not what you 
pay today-it 
is 
what you save 
for tomorrow. 
CHAPTER 4 
I 
THE ECONOMICS OF PROPERTY STEWARDSHIP 
STEWARDSHIP TODAY. VALUE TOMORROW 

View this content as a flipbook by clicking here.