Creating Your 2023 Budget? Plan for Garage Maintenance

Organizations of all types and throughout the country are beginning to think about their 2023 budgets. Many of you will be expected to prepare your budget in the coming weeks or months, and you are currently working to identify all of the potential expenses (compared to revenues) for next year.

One item that should not be overlooked is parking garage maintenance. Since the pandemic, many organizations may have eliminated ongoing maintenance efforts from their operations due to reduced financial assets as well as lower parking demand. As we re-emerge, it is important to revisit this important element of your operation and ensure that your parking facility is safe and structurally sound.

A valuable line item to consider in your 2023 budgets is condition assessment and restoration costs. The more proactive you are at identifying issues within your facility including concrete cracks and spalling, exposed rebar, rust, water leakage, lighting, and more, the more you will save in the future on garage restoration costs.

Further, another item to consider is the addition of ongoing maintenance items to help ensure that your garage stays in the best condition possible. These elements include garage washdowns, sweeping, regular review of elevators, maintaining of any electrical and plumbing equipment, and ensuring that the garage is free of trash or debris. From a budgetary standpoint this may result in additional costs of staffing and equipment but will help significantly reduce future costs that may result from neglect.

Contact Restocon for help planning ahead to include these vital parking facility maintenance tasks into your budget to ensure the continued quality and safety of your valuable parking assets moving forward.