--- title: How To Create Your 2024 Property Maintenance Budget description: With 2024 fast approaching, it’s a good idea to start planning out your maintenance budget for the new year. With a solid plan in place, you’ll know where to allocate funds to cover all the important aspects of maintenance for your commercial properties. This post will help you create a well-rounded budget that keeps your… image: https://blog.strategicgrounds.com/hubfs/Imported_Blog_Media/commercial-property-maintenance-budget-updated.jpg --- [![Strategic Grounds](https://blog.strategicgrounds.com/hubfs/StrategicGrounds_March2019/Images/SG-REVISI-PNG-2.png) ](https://www.strategicgrounds.com/) ###### Call Us Today: #### [** 800-264-3894**](tel:800-264-3894) [Contact Us](https://www.strategicgrounds.com/contact/) # How To Create Your 2024 Property Maintenance Budget With 2024 fast approaching, it’s a good idea to start planning out your maintenance budget for the new year. With a solid plan in place, you’ll know where to allocate funds to cover all the important aspects of maintenance for your commercial properties. This post will help you create a well-rounded budget that keeps your business functioning at its best in 2024.  ## Recognizing Key Priority Areas and the Existing Condition of the Building Going into the new year, it’s crucial to examine the current condition of your properties, from on-site buildings to exterior grounds. Identify specific areas that require urgent attention or repairs, and prioritize them in your budget.  Check on key areas that typically need routine maintenance like [plumbing](https://www.strategicgrounds.com/blog/how-to-preserve-your-commercial-plumbing-this-winter/), electrical and [HVAC](https://www.strategicgrounds.com/blog/a-guide-to-understanding-hvac-systems/) systems, and also take a close look at the condition of your [outdoor irrigation and landscaping](https://www.strategicgrounds.com/commercial-landscaping-services/).  Lastly, while conducting your assessment, make sure to look out for specific issues that pose a significant safety risk and include them in your budget plan. Examples of this may be updating first aid and fire safety equipment, or making repairs to prevent falls and other injuries.  ## Creating a Preventative Maintenance Plan Preventative maintenance is essential to improve the functional lifespan of your properties. Doing the necessary work now will help you avoid any expensive repairs, closures, or delays in the future.  If you haven’t already, now is a great time to organize a [maintenance schedule](https://www.strategicgrounds.com/year-round-interior-exterior-services/) that provides details on the range and frequency of preventive maintenance tasks. Conducting regular checks and inspections is a major aspect of preventative maintenance and will help you find and fix any problems before they pose a risk to your property.  ## Adopting New Technology With some exciting modern advancements in technology, you should consider investing in new strategies when developing your maintenance budget. New technologies can be used to improve and streamline maintenance tasks, cutting costs and boosting [energy efficiency](https://www.strategicgrounds.com/blog/5-energy-saving-tips-for-commercial-buildings/) for your properties.  Automation systems are one example of modern innovation that can be implemented on your properties to help with security, HVAC, control monitoring, and lighting.  By allocating funds to adopt modern tech, your commercial property can meet energy and sustainability goals while saving significant costs in the long run. Automating certain maintenance or operating tasks is a great way to save valuable time and energy as a property manager.   ## Save For Emergencies Regardless of how well you plan your spending, there will always be areas that require unexpected repairs and maintenance. Be sure to set aside a [contingency budget](https://www.gnprealty.com/news/property-maintenance-how-much-should-i-budget/) so you have the funds to deal with these issues as they come up.   As a rule of thumb, allocate approximately 10% of your yearly maintenance budget to emergency repairs. If any of your properties are located in areas with severe weather like hurricanes, tornadoes, or winter storms, it’s a good idea to increase your contingency budget to account for these risks.  ## How Strategic Grounds Can Help At Strategic Grounds, we provide a wide range of professional maintenance services to keep commercial properties and businesses running smoothly year-round.  With a team of experts in all areas of property maintenance, we can simplify your 2024 budgeting process by combining all your needs into a single, customized contract.  For more information, don’t hesitate to [contact us](https://www.strategicgrounds.com/contact/) or [download our Year-Round Interior & Exterior Services brochure](https://www.strategicgrounds.com/year-round-interior-exterior-services/).   [![Download The Year-round Interior & Exterior Services Brochure](https://blog.strategicgrounds.com/hubfs/Imported_Blog_Media/ebbfdc28-64a4-4eb8-a34f-17c35de64872-Jun-17-2025-07-13-31-9037-PM.png)](https://cta-redirect.hubspot.com/cta/redirect/4515720/ebbfdc28-64a4-4eb8-a34f-17c35de64872) ### Share: - [**](https://www.facebook.com/sharer.php?u=https://blog.strategicgrounds.com/blog/how-to-create-your-2024-property-maintenance-budget&t=How%20To%20Create%20Your%202024%20Property%20Maintenance%20Budget) - [**](https://twitter.com/share?text=How%20To%20Create%20Your%202024%20Property%20Maintenance%20Budget&url=https://blog.strategicgrounds.com/blog/how-to-create-your-2024-property-maintenance-budget) - [** ](https://www.linkedin.com/shareArticle?mini=true&url=https://blog.strategicgrounds.com/blog/how-to-create-your-2024-property-maintenance-budget&title=How%20To%20Create%20Your%202024%20Property%20Maintenance%20Budget) - [**](https://plus.google.com/share?url=https://blog.strategicgrounds.com/blog/how-to-create-your-2024-property-maintenance-budget) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. ### Recent Posts ### Popular Post - [asphalt pothole repair (3)](https://blog.strategicgrounds.com/tag/asphalt-pothole-repair) - [asphalt repair (2)](https://blog.strategicgrounds.com/tag/asphalt-repair) - [asphalt repair companies near me (2)](https://blog.strategicgrounds.com/tag/asphalt-repair-companies-near-me) - [asphalt repair company (4)](https://blog.strategicgrounds.com/tag/asphalt-repair-company) - [commercial grounds care (10)](https://blog.strategicgrounds.com/tag/commercial-grounds-care) - [commercial grounds maintenance (16)](https://blog.strategicgrounds.com/tag/commercial-grounds-maintenance) - [commercial heating (1)](https://blog.strategicgrounds.com/tag/commercial-heating) - [commercial landscape services (8)](https://blog.strategicgrounds.com/tag/commercial-landscape-services) - [Commercial Landscaping (33)](https://blog.strategicgrounds.com/tag/commercial-landscaping) - [commercial landscaping services (4)](https://blog.strategicgrounds.com/tag/commercial-landscaping-services) - [commercial lawn care (3)](https://blog.strategicgrounds.com/tag/commercial-lawn-care) - [commercial plumbing (1)](https://blog.strategicgrounds.com/tag/commercial-plumbing) - [commercial pressure washing (4)](https://blog.strategicgrounds.com/tag/commercial-pressure-washing) - [commercial property management (2)](https://blog.strategicgrounds.com/tag/commercial-property-management) - [Commercial Snow and Ice Removal (24)](https://blog.strategicgrounds.com/tag/commercial-snow-and-ice-removal) - [commercial snow removal services (2)](https://blog.strategicgrounds.com/tag/commercial-snow-removal-services) - [energy efficiency (1)](https://blog.strategicgrounds.com/tag/energy-efficiency) - [Exterior Property Maintenance (23)](https://blog.strategicgrounds.com/tag/exterior-property-maintenance) - [Facility Maintenance (19)](https://blog.strategicgrounds.com/tag/facility-maintenance) - [hvac (6)](https://blog.strategicgrounds.com/tag/hvac) - [irrigation (1)](https://blog.strategicgrounds.com/tag/irrigation) - [irrigation specialists (2)](https://blog.strategicgrounds.com/tag/irrigation-specialists) - [Parking Lot Maintenance (16)](https://blog.strategicgrounds.com/tag/parking-lot-maintenance) - [Uncategorized (6)](https://blog.strategicgrounds.com/tag/uncategorized) [See all](https://blog.strategicgrounds.com/blog/how-to-create-your-2024-property-maintenance-budget#) ### VIEW ARCHIVES - [July 2025 (9)](https://blog.strategicgrounds.com/archive/2025/07) - [August 2025 (4)](https://blog.strategicgrounds.com/archive/2025/08) - [October 2025 (4)](https://blog.strategicgrounds.com/archive/2025/10) - [August 2020 (3)](https://blog.strategicgrounds.com/archive/2020/08) - [September 2020 (3)](https://blog.strategicgrounds.com/archive/2020/09) - [October 2020 (3)](https://blog.strategicgrounds.com/archive/2020/10) - [November 2020 (3)](https://blog.strategicgrounds.com/archive/2020/11) - [December 2020 (3)](https://blog.strategicgrounds.com/archive/2020/12) - [June 2025 (3)](https://blog.strategicgrounds.com/archive/2025/06) - [September 2025 (3)](https://blog.strategicgrounds.com/archive/2025/09) - [May 2019 (2)](https://blog.strategicgrounds.com/archive/2019/05) - [August 2019 (2)](https://blog.strategicgrounds.com/archive/2019/08) - [April 2020 (2)](https://blog.strategicgrounds.com/archive/2020/04) - [May 2020 (2)](https://blog.strategicgrounds.com/archive/2020/05) - [June 2020 (2)](https://blog.strategicgrounds.com/archive/2020/06) - [July 2020 (2)](https://blog.strategicgrounds.com/archive/2020/07) - [May 2022 (2)](https://blog.strategicgrounds.com/archive/2022/05) - [June 2022 (2)](https://blog.strategicgrounds.com/archive/2022/06) - [July 2022 (2)](https://blog.strategicgrounds.com/archive/2022/07) - [August 2022 (2)](https://blog.strategicgrounds.com/archive/2022/08) - [September 2022 (2)](https://blog.strategicgrounds.com/archive/2022/09) - [October 2022 (2)](https://blog.strategicgrounds.com/archive/2022/10) - [November 2022 (2)](https://blog.strategicgrounds.com/archive/2022/11) - [December 2022 (2)](https://blog.strategicgrounds.com/archive/2022/12) - [January 2023 (2)](https://blog.strategicgrounds.com/archive/2023/01) - [February 2023 (2)](https://blog.strategicgrounds.com/archive/2023/02) - [March 2023 (2)](https://blog.strategicgrounds.com/archive/2023/03) - [April 2023 (2)](https://blog.strategicgrounds.com/archive/2023/04) - [May 2023 (2)](https://blog.strategicgrounds.com/archive/2023/05) - [June 2023 (2)](https://blog.strategicgrounds.com/archive/2023/06) - [July 2023 (2)](https://blog.strategicgrounds.com/archive/2023/07) - [August 2023 (2)](https://blog.strategicgrounds.com/archive/2023/08) - [September 2023 (2)](https://blog.strategicgrounds.com/archive/2023/09) - [October 2023 (2)](https://blog.strategicgrounds.com/archive/2023/10) - [November 2023 (2)](https://blog.strategicgrounds.com/archive/2023/11) - [December 2023 (2)](https://blog.strategicgrounds.com/archive/2023/12) - [January 2024 (2)](https://blog.strategicgrounds.com/archive/2024/01) - [February 2024 (2)](https://blog.strategicgrounds.com/archive/2024/02) - [March 2024 (2)](https://blog.strategicgrounds.com/archive/2024/03) - [April 2024 (2)](https://blog.strategicgrounds.com/archive/2024/04) - [June 2024 (2)](https://blog.strategicgrounds.com/archive/2024/06) - [July 2024 (2)](https://blog.strategicgrounds.com/archive/2024/07) - [August 2024 (2)](https://blog.strategicgrounds.com/archive/2024/08) - [November 2025 (2)](https://blog.strategicgrounds.com/archive/2025/11) - [August 2018 (1)](https://blog.strategicgrounds.com/archive/2018/08) - [September 2018 (1)](https://blog.strategicgrounds.com/archive/2018/09) - [December 2018 (1)](https://blog.strategicgrounds.com/archive/2018/12) - [January 2019 (1)](https://blog.strategicgrounds.com/archive/2019/01) - [April 2019 (1)](https://blog.strategicgrounds.com/archive/2019/04) - [June 2019 (1)](https://blog.strategicgrounds.com/archive/2019/06) - [September 2019 (1)](https://blog.strategicgrounds.com/archive/2019/09) - [October 2019 (1)](https://blog.strategicgrounds.com/archive/2019/10) - [November 2019 (1)](https://blog.strategicgrounds.com/archive/2019/11) - [December 2019 (1)](https://blog.strategicgrounds.com/archive/2019/12) - [January 2020 (1)](https://blog.strategicgrounds.com/archive/2020/01) - [February 2020 (1)](https://blog.strategicgrounds.com/archive/2020/02) - [March 2020 (1)](https://blog.strategicgrounds.com/archive/2020/03) - [January 2021 (1)](https://blog.strategicgrounds.com/archive/2021/01) - [February 2021 (1)](https://blog.strategicgrounds.com/archive/2021/02) - [March 2021 (1)](https://blog.strategicgrounds.com/archive/2021/03) - [April 2021 (1)](https://blog.strategicgrounds.com/archive/2021/04) - [May 2021 (1)](https://blog.strategicgrounds.com/archive/2021/05) - [June 2021 (1)](https://blog.strategicgrounds.com/archive/2021/06) - [July 2021 (1)](https://blog.strategicgrounds.com/archive/2021/07) - [August 2021 (1)](https://blog.strategicgrounds.com/archive/2021/08) - [September 2021 (1)](https://blog.strategicgrounds.com/archive/2021/09) - [October 2021 (1)](https://blog.strategicgrounds.com/archive/2021/10) - [November 2021 (1)](https://blog.strategicgrounds.com/archive/2021/11) - [December 2021 (1)](https://blog.strategicgrounds.com/archive/2021/12) - [January 2022 (1)](https://blog.strategicgrounds.com/archive/2022/01) - [February 2022 (1)](https://blog.strategicgrounds.com/archive/2022/02) - [March 2022 (1)](https://blog.strategicgrounds.com/archive/2022/03) - [April 2022 (1)](https://blog.strategicgrounds.com/archive/2022/04) - [May 2025 (1)](https://blog.strategicgrounds.com/archive/2025/05) - [December 2025 (1)](https://blog.strategicgrounds.com/archive/2025/12) - [January 2026 (1)](https://blog.strategicgrounds.com/archive/2026/01) - [May 2026 (1)](https://blog.strategicgrounds.com/archive/2026/05) - [June 2026 (1)](https://blog.strategicgrounds.com/archive/2026/06) - [July 2026 (1)](https://blog.strategicgrounds.com/archive/2026/07) [See all](https://blog.strategicgrounds.com/blog/how-to-create-your-2024-property-maintenance-budget#) #### Contact Us [info@strategicgrounds.com](mailto:info@strategicgrounds.com) [800-264-3894](tel:800-264-3894) #### Corporate Office Address: 11197 Leadbetter Road Ashland, VA 23005 #### Corporate Office Hours: Mon-Sat 8am-6pm Closed Sunday [** ](https://www.facebook.com/StrategicGroundsManagement/) [** ](https://www.linkedin.com/company/strategicgroundsmanagement/) [CONTACT US ](https://www.strategicgrounds.com/contact/) Copyright © 2019. All Rights Reserved