Currently, the problems of rust corrosion and growthof fungi resulting in the deterioration of wood and concrete structures of theMrigadayavan Palace are becoming more serious. These problems are considered to be a major roadblock in restoring the palace back to its original beauty. Therefore, the ultimate goal of this project is to help preserve the original structure of the Mrigadayavan Palace as per requestof the Mrigadayavan Palace Foundation staff to complete the restoration project by 2024 for thePalace’s 100th anniversary. By analyzing the information obtained from observation, research andstudies, and conversation with palace staff and experts, we gained more understanding and insighton the causes of these problems and methods to prevent them. We also suggested some recommendations on preservation and prevention methods as well as ways to monitor theefficiency of the recommended methods.