Property preservation is the process of maintaining the interior and exterior of a building. The purpose of preservation is to prevent the building, occupied or vacant, from falling into disrepair.
A building's owner can hire a property management company to oversee or provide property preservation services. The company will inspect the building for structural issues that may need to be remedied or monitored.
A number of services fall under the property preservation realm. These services can improve exterior portions of the building such as its roof, porch or windows. Preservation services also encompass a building's interior, including repairs to the plumbing system, foundation or drywall.
The cost of property preservation varies based on the company providing the service and the issues that must be addressed. Additional costs may be necessary to preserve properties that are vacant due to sale or foreclosure.