It is common for the condominium like condo chatuchak (คอนโด จตุจักร which is the term in Thai) to have more expenses in December and January, as residents spend more time at home and spend more electricity, water, etc. Therefore, it is up to the condominium to do everything possible to save where it can and, consequently, not reflect so much on the final value for the residents.
In addition, the beginning of the year is always more complicated in the financial aspect, as it is time to pay taxes, declare income tax, buy school supplies for your children, among other expenses that were common at the time.
Some cuts can be made to the condominium during this period, as well as a more careful look can make it dry and reduce other expenses. We have listed some items below so that your condominium can pay attention:
Light
Replace incandescent light bulbs in common areas with LED or fluorescent light bulbs, which are more economical and last longer. Encourage residents to exchange their apartments as well.
It is an excellent option to install motion sensors in common areas so that the light will only be on when needed. In addition, an excellent long-term investment for the building is the installation of solar panels, whose initial investment is usually high. Still, the cost reduction later is significant, making it worthwhile.
Water
Make residents aware of water costs so that, at home, they can help the economy too. In common areas, install automatic sinks, which will work for a specific time and then turn off. It is also essential to review the entire building’s plumbing system to check for possible sources of leaks. The rainwater catchment system is also an excellent way to save on expenses.
Employees
Another way to save money might be to rethink the building’s employee role. This is because a lot happens, for example, in a building having a janitor who cleans and takes care of the reception, functions that are out of the position, which makes it more expensive. Therefore, it is cheaper to hire specific service providers for each area. Another point is to hire employees who live nearby so that you can spend less on their travels.