In challenging economic times, it is tempting for storage owners to cut corners and defer maintenance tasks to reduce costs. However, when it comes to storage facilities, neglecting maintenance or going the cheapest route possible can have significant long-term consequences.
A well-maintained storage facility holds greater value and attracts more tenants. Neglecting maintenance can lead to a decline in property value, making it difficult to retain existing customers and attract new ones. By investing in routine maintenance, such as repairing doors, fixing leaks, and restoring exteriors, you can preserve the overall appeal and value of your facility, even in a challenging economy.
Deferred maintenance may seem like a cost-saving measure in the short term, but it often results in more significant expenses down the road. Neglected issues can escalate into larger problems, requiring extensive repairs or replacements. For example, ignoring a small leak in the roof can lead to structural damage and mold issues, necessitating expensive repairs. Regular maintenance can help identify and address such problems early, preventing them from becoming costly emergencies.
A well-maintained storage facility not only attracts new tenants but also ensures high levels of tenant satisfaction. When customers perceive that a facility is well-cared for, they feel more confident in storing their belongings there. Maintenance measures, such as repairing doors, maintaining clean and well-lit spaces, and addressing security concerns promptly, contribute to a positive customer experience. Satisfied tenants are more likely to recommend the facility to others, leading to increased occupancy rates and steady revenue, even during economic downturns.
While cost-cutting may be tempting during a shaky economy, compromising on the quality of maintenance products, such as paint or coatings, is a mistake that can lead to additional expenses in the long run. Cheap paint or coatings are more likely to deteriorate quickly, fade, or peel, requiring frequent reapplication. This not only incurs repeated expenses but also creates a subpar aesthetic for your facility. Worst case scenario, those sub-par paints can ruin the finish on your doors which will require the costly expense of replacement.
One key aspect of maintaining the appearance of a storage facility is preserving the visual appeal of its doors and metal buildings. Over time, doors may become faded, corroded, or damaged due to exposure to harsh weather conditions and general wear and tear. Replacing doors entirely can be costly, but there is a cost-effective alternative: Everbrite restoration.
Everbrite is a durable coating system that rejuvenates metal surfaces, such as doors, and provides long-lasting protection against UV rays, oxidation, and corrosion. By opting for Everbrite restoration, facility owners can save money by extending the lifespan of their existing doors instead of incurring the expense of purchasing new ones. This economical solution allows for a fresh, like-new appearance without the need for costly replacements.
By investing in quality products, such as durable coatings and paints, you ensure longer-lasting protection and a better overall appearance. High-quality coatings, like Everbrite, offer superior UV resistance, corrosion protection, and durability. Choosing such products reduces the need for frequent maintenance and extends the lifespan of the applied surfaces, ultimately saving money in the long term.
Everbrite™ Protective Coating is a crystal clear, protective coating formulated for the restoration and protection of metals, however it can also be used for the protection of woods, hard plastics, and fiberglass substrates. Everbrite will bring back the color and luster of old, faded metal and will protect from the damage that the sun, salt air, acid rain, moisture, and other damaging elements cause. The coating rejuvenates the color and luster on dulled aluminum or steel siding, metal buildings, curtain wall, storefronts, window extrusions, and so much more. Everbrite also prevents tarnish on copper, brass & bronze. Find out more - Everbrite Coatings
Pros and Cons of Self Storage SBA Loans vs. Traditional Loans
Decide wisely between SBA and traditional loans for your self-storage business. SBA offers lower down payments, but traditional loans provide lender reliability. Make informed investment choices for your storage facility.