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You are here: Home » Resources » Articles » Facilities Budgets—Planning For Your Building’s Future

December 29, 2017

Facilities Budgets—Planning For Your Building’s Future

By Partner ESI

WHILE MOST OF THE ACTIONS YOU WILL TAKE AS A PROPERTY OWNER WILL BE REACTIONARY, BEING PROACTIVE AND PREPARED MAY BE YOUR BEST LINE OF DEFENSE.

As a property owner, the day-to-day operation of your building has many moving parts. While most of the actions you will take will be reactionary, being proactive and prepared may be your best line of defense. Looking back on the previous year, you may have incurred some unanticipated maintenance expenses that required you to adjust your budget, creating deficiencies in other areas.  Creating a detailed and realistic facilities budget for the future can keep your facility running at its fullest functioning potential, also saving you time and money. In addition, if you are looking to acquire a property, lenders will want an itemized forecast of your facilities budget.  Owners who plan strategically can be more flexible and better prepared when selecting a future site.

To read the full GlobeSt blog, click here.

About the Authors

Partner ESI

Partner ESI

Founded in 2007, Partner Engineering and Science Inc., is the leading provider of engineering, environmental, energy, and construction consulting for the commercial real estate (CRE) industry. Touching 1 in 5 CRE transactions in the U.S., Partner is widely recognized as the largest and best provider of third-party physical due diligence reports, including Phase I Environmental Site Assessments, Property Condition Assessments, Seismic Risk Assessments, Zoning Reports, ALTA Land Title Surveys, and Construction Risk Management. Partner’s connectedness to the CRE market gives it an unparalleled view into CRE trends and risk management insights. Partner also provides a full suite of consulting services to support the entire real estate lifecycle, including: Geotechnical Consulting; Building Systems Consulting; Capital Management and Project Implementation Support; Environmental Health & Safety Consulting; Energy, Sustainability & Resilience Consulting; and Site Civil Engineering. With a responsive approach scaled for speed and agility, Partner helps clients manage risk, make smart investments, optimize asset performance, and win at their real estate investment strategies. Based in Torrance, Calif., Partner has over 1,400 employees in 40 offices around the globe.

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