Effective management of capital expenditure (Capex) is vital to property investors. To maintain consistent investor returns, capex budgets should be considered over a long term period and reviewed on a regular basis.
The team at Mansfield Property Advisory has extensive experience in preparation of Capex forecasts and will work with your operations team to identify and include all significant costs within our schedule. The advantage of using an independent consultant to prepare a capex budget is the opportunity to review and challenge the current operation strategy whilst offering insights gained from the wider market.
We appreciate that clients have different ownership strategies and always frame our advice to compliment those strategies. Our team can use financial tools provided by the client (e.g. specific property management reporting tools) or use our own templates which provide dashboard style visibility of capital expenditure over the budget period considered.