Long-term Maintenance Plan

Long-term Maintenance Plan

Since 2018 it is required for VVE’s of appartmentbuildings to save for maintenance in form of a reserve fund. In order to define how much the reserve fund should be, you need insight in the required maintenance and it’s costs. A long-term maintenance plan is an extensive report which will elaborate the condition of the building and costs for common areas. If you choose to apply for a long-term maintenance plan you can keep the condition of the building in order and control the maintenance yourself. In the report you will find a maintenance planning for 10 years. Through a maintenance budget the VVE is able to define monthly costs for the reserve fund.

What does a Long-term Maintenance Plan consist of?

In a long-term maintenance plan all structural elements and installations will be covered. To starts, the deed of division will be used. Every element will get a condition measurement. Based on the condition measurement every element will get an individual appriasel and it will be determined when they should be replaced. All elements together will conclude a maintenance budget for 10 years.

As supplement to the report you will find an indicative planning for the maintenance of the building. All activities for maintenance will be included.

Advantages to a Long-term Maintenance Plan

·        Insight in the condition of the building

·        Insight in short and long term maintenance

·        Defined monthly costs for the reserve fund

·        A long-term maintenance plan is important with selling the appartments

How does it work?

·        Keuringshuis offers an obligation-free quote

·        After approval of the quote, an appointment will be scheduled with the representative of the VVE

·        After the inspection you will receive the report within 2 weeks

·        It is possible for our inspector to join a VVE meeting to elaborate the report

Update a Long-term Maintenance Plan

It is important to update the long-term maintenance plan. Not all structural elements have to be replaces every 10 years, so there is a possibility some elements are not in the original plan. If you choose to update the long-term maintenance plan you’ll be prepared for large maintenance in the future. Usually long-term maintenance plans are updated every 5 years after the original plan was made. The inspector will do a short inspection. In response to this inspection it will be determined if all planned maintenance is required or if it can be postponed. The maintenance budget will also be updated. Through the years the tariffs of materials can increase or decrease, which means the costs estimated in the original plan could differ. Keuringshuis could also be of service in updating the long-term maintenance plan.