CHAPTER 4 • )·( LIFE-CYCLE COST THINKING Think beyond today. Plan for the long run. Life-cycle cost considers the total expense of owning, operating, maintaining, and eventually replacing building components over their entire useful life. It is a more complete and meaningful way to evaluate decisions that affect your property. A lower cost today can lead to higher costs tomorrow. Life-cycle cost thinking helps you make smarter choices that protect your investment for decades. EXAMPLE: ROOF MAINTENANCE VS. ROOF REPLACEMENT --- ROUTINE MAINTENANCE APPROACH 0 Soft washing every 6-12 months 0 Gutter cleaning and drainage maintenance 0 Minor repairs completed early 0 Roof life extended to 25+ years 0 Lower risk of leaks and interior damage 0 More predictable annual budgeting Estimated Total Cost Over 25 Years: SIGNIFICANTLY LOWER I e DEFERRED MAINTENANCE APPROACH 0 No routine cleaning or inspections 0 Minor issues ignored 0 Leaks develop, causing interior damage 0 Roof life reduced to 15-18 years 0 Emergency repairs become necessary 0 Higher replacement costs sooner Estimated Total Cost Over 25 Years: SIGNIFICANTLY HIGHER THE BENEFITS OF LIFE-CYCLE COST THINKING ------- I) @ t) - - e EXTENDS ASSET LIFE REDUCES TOTAL COST REDUCES RISK IMPROVES BUDGET SUPPORTS VALUE BUILDS CONFIDENCE Systems that aro Preventive care lowers Fewor surprises, PREDICTABILITY Woll-maintained Ownors, tonants, maintained last longer repair frequency and lower emergencies, Planned maintenance properties hold value and stakehold8fS gain and perf0View this content as a flipbook by clicking here.