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- September 8, 2016
When maintenance supervisors and property managers make product selections for a community, cost is a major factor, if not the most important factor. When selecting faucets for a multi-family property, it’s important to consider lifetime costs – the investment required to maintain a product over its useful life – including installation, maintenance, repair and replacement.
In today’s challenging economic environment, it is critical for building maintenance supervisors and property managers to take all possible steps to reduce costs and improve the Net Operating Income (NOI) for their properties. When repairing or renovating a property, the true cost of a product actually includes three key factors: installation costs, maintenance costs and purchase price. Initial purchase price is easy to determine, but maintenance and installation costs may not be as obvious.
By considering all of these factors, property owners and managers will have the opportunity to make a significant impact on the operational efficiency and overall value of the property or portfolio that they manage.
Article by Deena Cave, Brand Manager for Cleveland Faucet Group® (CFG), a Moen Incorporated brand.
For more details on CFG products and lower total cost of ownership, .
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