understanding your data

According to Inside Housing’s annual review of their financial accounts, ‘English housing associations spent a record £6.5bn on repairs and maintenance in 2021-22, with wide variations across the sector.’

The Inside Housing review goes on to report that, ‘using data from associations’ financial submissions to the Regulator of Social Housing (RSH), analysis shows that in the year to March 2022, landlords collectively spent 20% more on repairs and maintenance than during the previous 12 months.’

Is this true of your organisation? Could it just be due to the catch-up following the Covid19 lockdowns, or could it be something more?

It is good practice to review your count of component replacements at the end of the financial year, compare it with your predicted replacement count from the beginning of the financial year, and see if there is any variance. If you repeatedly replace more of each component, you may have one of the following two problems:

1. Are the system component lifecycles set to high?

2. Is your source data su.ciently current to predict required replacements?

A sound asset management system and data set should be able to assist with identifying both problems, as well as help you to better understand your spending profile, and why your repair costs might increase.

Our Lifespan asset management software provides comprehensive management information, analysis tools on costs through time, and includes asset information on each home. The software allows for all asset data to be stored with other asset information, and each data set can be stored and viewed centrally, not outside the system or siloed. This allows for the review of all data to provide the most informed view of a property. Through both our Lifespan software and our professional services teams, we can support your organisations to make sure you are getting the most out of your data. For more information on how we can help, please get in touch.- contact us