In today’s real estate industry, future sales flows are the basis for determining the value of real estate assets; however, these flows may vary due to corrective maintenance or updating plans of the properties and thus increase the final value that represents the real estate appreciation, an equally important and determining component in the final profitability of the investment.

On occasions, the market understands the cost of maintenance as a simple expense necessary for the correct functioning of a real estate asset and for this reason on multiple occasions it is delegated to operators of the lowest possible value, without considering that the maintenance activity itself is one of the main factors generating value in the long term of a real estate property.

The value of the maintenance of an asset in 25 years is equivalent to its construction cost; in other words, if we estimate the useful life of a real estate asset at 50 years, it can be inferred that twice the value of the construction of the same property is invested; therefore, the opportunity to carry out correct predictive, preventive, and corrective maintenance will determine that its cost is reasonable and at the same time maintain or increase its real estate value.

On the other hand, at the end of their estimated life, the assets enter into a process of re-potentiation, based on their updating, the scope and cost of which will be directly linked to the maintenance that has been planned and executed.

Therefore, it is essential that investors demand that maintenance programs be carried out with the recommended periodicity, by specialized and certified firms with qualified personnel, conditions that will surely mean a few additional pesos, but that will undoubtedly generate in the long term, great savings in investment flows and an increase in the real estate value of their assets.

Mauricio Mutis – President