Reducing Commercial HVAC Repair Costs

One of the largest financial drawbacks of owning a commercial building is the constant maintenance and repairs need on the HVAC system. The consistent need to heat and cool all areas of the building to different temperatures can take a toll on even a new system. Reducing costs is one of the basic elements of property management to turn a profit and increase your bottom line. One of the best ways to reduce HVAC costs is to look closely at your preventative maintenance to repair cost ratios. 

Determining Your Preventive Maintenance To Repair Ratio

The idea of spending money on regular HVAC maintenance is to reduce the overall costs of operating the system. If properly maintained, you should be saving money on repairs of the system every year. A good way to quantify this is by determining the ratio between maintenance and repair costs. To do this, you will need to calculate what you spent in maintenance over last year, and the amount of money spent on HVAC repairs. 

Once you have your figures, you can determine your maintenance to repair ratio. The ratio should give you how much you spent on repairs for every dollar spent on maintenance. To do this, divide the total repair costs by the amount spent on maintenance. For example, if you spent $1000 on maintenance and $3000 in repair, you would divide 3,000 by 1,000, coming up with three. These means for every dollar you spent on maintenance, you spent three on repairs, or a ratio of 1:3. 

In most cases, the more you spend on maintenance, the lower your repair costs will be over the years. For instance, if your ratio is currently 1:8, increasing your maintenance budget should reduce the ratio each year, garnering a larger savings overall. Getting on a scheduled maintenance package through your commercial HVAC service is the best way to reduce the cost of repairs, and the total amount spent on your system every year.

Posted on behalf of Find Local HVAC

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