November 24, 2024

An exploration of the impact of poor maintenance in commercial buildings and the risk during property acquisition

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Research explores risks associated with poor maintenance in commercial buildings, indicating significant implications for property valuation.

Poor maintenance in commercial buildings increases risks during property acquisition, potentially leading to financial losses.
Findings show that maintenance deficiencies can significantly affect property valuation and related transactional risks.
Analysis of existing literature highlights the need for further exploration of emerging technologies like building automation.
Addressing the issue of poor maintenance is vital for stakeholders to reduce risks and ensure sustainable property investments.

J. D. West (2024) studied this question.

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Research explores risks associated with poor maintenance in commercial buildings, indicating significant implications for property valuation.