Commercial property managers must always strike a balance in their daily lives. The profitability of your property must be maximized, and you must also make sure the environment is supportive of that profitability. Maintaining the building and grounds is a component of that equation, and while skipping the cost of routine parking lot maintenance and diverting those monies elsewhere might seem like a smart idea at the time, that’s a choice you might later regret.
Why You Must Not Neglect Parking Lots
It’s more crucial than you might realize to keep the parking lot at your commercial property in good condition. The expense cannot be viewed as merely another line item that may be eliminated because doing so may wind up costing you more in the long term. This is due to the fact that a poorly managed parking lot may quickly turn into an expensive, sometimes hazardous eyesore.
Although asphalt is a fantastic paving medium, it is not flawless. It starts to deteriorate with use and exposure to the environment, which allows moisture to seep onto the surface. This moisture can eat away at your parking lot, creating cracks that get bigger and bigger until they become huge, ugly potholes that not only look unsightly and unwelcoming but also have the potential to turn a visitor’s ankle or wreck a car’s tires, leaving you with a potential liability nightmare!
Lot Upkeep Doesn’t Have to Affect Your Profits
Spending outrageous sums of money on insurance settlements or significant parking lot repaving is the last thing you want to do. Fortunately for you, the effect on your bottom line is far more controllable if you just perform routine parking lot maintenance. This is due to the fact that the cost of preventative maintenance, or even just modest crack repair, is significantly less expensive than having to replace a vast network of potholes throughout your entire lot.
Minor cracks should be patched as soon as they are discovered to avoid them developing into more expensive issues later on. Yes, routine maintenance entails paying for your paving provider to visit and inspect your lot every few months or so, but this is just another expense of doing business, similar to paying for your building’s monthly utility charges. For the same reasons that you wouldn’t let your utility bill go unpaid for weeks on end, you shouldn’t neglect to maintain your parking lot.
Keeping Your Investments Safe
You can’t put off maintaining the parking lot at your commercial property any longer than you would if you had a leaking roof or a broken window. You have an investment to safeguard, and putting off repairs for too long will only lead to bigger, costlier problems in the future. Make wise decisions and safeguard your investment by relying on routine parking lot upkeep to keep your asphalt lot in good condition.
