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Managing Rising Construction Costs For Your Upcoming Projects
Everyone is experiencing higher costs of fuel, food and other necessary, everyday items. You’ve done all the right things including setting aside funds for current and future projects, but prices are coming in higher than expected. What are your options and what steps can you take to mitigate rising construction costs?
First, prioritize upcoming projects. Anything involving potential life safety issues will need to be addressed as soon as possible. Unfortunately, you cannot change today’s costs, but you can impact when and if large expenditures hit your bank account. The way to maintain this control is by inspecting your association’s common areas for damage or deterioration that could lead to larger projects if left too long.
The main cause of damage is water getting in places where it doesn’t belong. Visual inspections and repair of the following areas will help tremendously in minimizing expensive, larger projects in the future:
- Loose or missing shingles
- Keep roofs clear of debris and moss including drains, scuppers, collector heads, gutters and downspouts.
- Sagging gutters and unattached downspouts
- Gaps in the flashing around the chimney, kickout flashings, vents, vent pipe boots need to be watertight
- Crumbling or flaking of the surface of brickwork as well as loose, crumbling mortar.
- Signs of water damage/leak
- Presence of mold without a leak (improper ventilation)
- Holes or cracks where rodents might enter
- Rodent “bridges” = trees overhanging the building
Siding & Foundation
- Loose siding or siding that does not have correct joint protection such as caulking or flashing
- Rotted wood siding: look for woodpecker holes, impact from blown debris, and normal wear and tear from age / weather.
- Cracks and gaps in foundation and siding.
Doors & Windows
- Worn weatherstripping, door sweeps, or caulking around doors, garage doors, and windows
- Signs of water damage on the interior of windows and doors.
Exterior Decks & Railings
- Do not ignore staining in deck soffits or coming from behind siding
- Deck coatings pealing or soft spots in deck, especially around scuppers and gutters
- Cracked concrete steps and /or loose railing connections
- Decay at base of stair stringers
- Discoloration around water supply hoses
- Cracks in supply hoses
- Water damage around the base of a toilet
Contact your association management company or preferred contractor to assist with these inspections and repairs now to maintain your property and reduce future expenses.
By McLeod Construction
Chapter Happenings Sponsor, July 2022
Visit us online: www.mcleodconstruction.com
Call: (206) 545-7837