CHAPTER 5 'rf 
BUDGETING 
WITH 
STEWARDSHIP 
Plan Today. Protect Tomorrow. Save for the Future. 
Stewardship is not only about what you do--
it's about how you plan financially. 
A proactive maintenance budget helps you 
avoid surprises, manage cash flow, and 
protect your property's long-term value. 
STEPS TO BUILD A STEWARDSHIP BUDGET --
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ASSESS YOUR PROPERTY 
IDENTIFY MAINTENANCE NEEDS 
ESTIMATE ANNUAL COSTS 
SPREAD COSTS OVER TIME 
Understand the age, condition, 
List routine tasks. expected 
Estimate realisti<: costs for 
Divide larger expenses into 
and history of your building 
lifespans, and items that may 
maintenance, cleaning. minor 
annual or monthly savings 
and its systems. 
require replacement. 
repairs, and future replacements. 
to smooth out cash 0ow. 
REVIEW AND ADJUST 
Revisit your budget each year 
based on inspections, costs, 
and building performance. 
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A well-planned 
budget reduces financial stress and ensures your property 
receives the care it needs-when 
it needs it. 
SAMPLE ANNUAL STEWARDSHIP BUDGET (EXAMPLE) 
THE BENEFITS OF BUDGETING FOR STEWARDSHIP 
MAIIIITENANCE ACTMTY 
FREQUENCY 
ESTIMATED 
NOTES 
® 
REDUCES EMERGENCY EXPENSES 
ANNUAi. COST 
~ 
E>rt_,oo41i!tond 
Small, planned expenses prevent large, unexpeaed ones. 
Roof cleaning 
Every 12 months 
Sl,200 
.,, ....... -'9Mbuad,,p • 
IMPROVES CASH FLOW 
() 
Gutter cleaning 
Every 6 months 
S600 
,.,.,,.,,....,.rlJow 
Spreading costs over time makes maintenance affordable. 
M'ldw•*ifttl\ff,Oft 
0 
EXTENDS BUILDING LIFE 
~ 
Exterior washing 
Every 12 months 
Sl,500 
,.,.,. ........... 
net 
Regular care keeps systems performing at their best. 
fl'\M\Ui,N~~· • 
PROTECTS PROPERTY VALUE 
~ 
Sealant in$f)Oction 
Every 12 months 
ssoo 
Pr~mon.tur• 
Well-maintained properties hold their value longer. 
and repair 
iotn,,lon 
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SUPPORTS PEACE OF MIND 
00 Wrndow maintonance Every 12 months 
S400 
En __ 
,,,.,. 
You can focus on enjoying your property-not 
worrying 
pe;fo,-
about it. 
~ 
Minor repairs 
Ongoing 
Sl,000 
Addrtu•s 
una,I iuu•t• 
and 1oueh,ups 
bt'-ti..,,-
0 
Con1ingency fund 
Annual reserve 
51,500 
fo,-"' . .,... . 
...-
TOTAlANNUALBUOGET 
$6,700 
A 
Adjust this example to fit the size, age, materials, and condition 
V 
of your specific property. 
STEWARD TODAY. VALUE TOMORROW. 
When you follow a structured framework, document your observations, plan your maintenance. and invest consistently, 
you protect more than your building-you 
protect your financial future, your family's comfort, and your piece of Hawaii. 
CHAPTER 5 
I 
THE HAWAII PROPERTY STEWARDSHIP FRAMEWORK 
STEWARDSHIP TODAY. VALUE TOMORROW. 

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