Looking Ahead to ’25: Start Budgeting Now
Most commercial building owners and developers begin the budgeting process in September or October of the current year for the next one.
That means it’s just about time for you to do a final tally on that list of improvements tenants have requested throughout the year and compare it with your own, arranging in order of importance and achievability. Regardless of whether you’re in charge of multifamily properties or industrial buildings, painting is probably one of the biggest items on this inevitable to-do list.
To help you check this one off your list, here’s our Top 5 considerations for maximizing your budget:
- Start budgeting sooner rather than later. I know, we all love to procrastinate, but the more bids you can consider the more likely you’ll pick a vendor that fits your budget, needs, and timeline.
- Walk through your property with whatever painting contractor you end up working with. Point out areas that need special attention and discuss any and all considerations that you or your tenants might need to make in the coming year regarding the project.
- Look for a thorough breakdown of costs when fielding proposals: amount of paint to be used, prep time required, insurance fees that will need to be negotiated, etc.
- Look at your calendar and determine whether painting in the offseason is possible. Most painting companies won’t be as busy, and you might even get a good deal.
- Make sure to ask if the contractors you’re considering are comfortable working early mornings or late nights if you run a warehouse or office that will see most of its foot traffic during the workday. Keeping in mind the comfort of your tenants is paramount – that means if you manage a condo, on the other hand, you want to keep things between the hours of 9 and 5.
Our final tip practically erases the need for the other five – save yourself a headache and talk to Ireland’s Finest Painting Company today. Our local painters have the expertise to help you prepare your property for the year to come and make sure you’re not paying more than you should. Schedule a free estimate here.
