How Property Maintenance can Save Landlords Money

property maintenance2

Performing regular property maintenance can save landlords money further down the track. It is easy to overlook small issues, but tending to them while they’re still minor can prevent them becoming disastrous and expensive later on.
Here are some money-saving property maintenance tips for landlords and homeowners:

1. Check for Water Damage and Leaks
After bad weather or a heavy rain storm is the best time to check for leaks and water damage. Look for soft spots on your roofs, ceilings and walls. Check for signs of water around windows, showers, toilets, under sinks, boilers and water heaters. It is essential that leaks are identified early, as ongoing leaks can cause damage to walls, ceilings and your tenant’s possessions. Mould can also form because of poorly managed water damage. Examine your shower and bathtub caulking and grout between tiles. Over time, grout can crack and loosen caulk, damaging the waterproof seal and potentially creating leaks which can lead to water damage. Replace caulking and grout to prevent damage as soon as you notice cracks or holes. If these problems aren’t tended to immediately, they can become costly mistakes later on.

2. Test Smoke Detectors Regularly
This is obviously a safety issue as much as it is about protecting your property from potential damage. Check all smoke detectors monthly to make sure they are in working order. You could face legal action if these devices are not working and there is a fire. Replace smoke detectors every 10 years, or earlier as necessary.

3. Exterminate
Monthly or bi-monthly extermination can prevent rodent or insect problems in and around your property. Do not limit the extermination process to one apartment, as pests will just travel to another part of your property. Though regular extermination will require you to spend money, this is preventative property maintenance and is a cheaper option than the losses you may experience because of a pest infestation.

4. Change Your Heating and Air Conditioning Filters
At least twice a year. Consult your manufacturer about your system requirements. A dirty filter left untended will increase your utility expenses as the system needs to work harder. Dirty filters can also cause the system to malfunction. Routine changes can prevent contamination of the air ducts, which are costly to professionally clean when they become clogged.

5. Electrical Inspections
Have a qualified electrician carry out testing once every ten years, or as required. This ensures that wiring and circuits are safe, and will reduce hazards and the risk of electrical fire. The same applies to gas appliances. If the landlord supplies these, they need to be safe for use.

6. Garden Upkeep
Prune any plants, trees or branches that grow up or on to your property. Without undertaking this regular property maintenance, foliage and greenery can cause moisture damage or provide a haven for insects.

7. Check Roofs and Chimneys
Look for loose tiles or moss. Chimneys require professional cleaning once a year to ensure there are free of bird nests and creosote.

8. Drains and Gutters
Regular cleaning of debris from drains and gutters can prevent water and property damage.

9. Check Paint
Paint keeps your property free of rot and damp. Look for signs of peeling and repaint when necessary.

Regular property maintenance is a cost-effective option for landlords. By undertaking routine property maintenance and regularly checking for damage or potential hazards in the present, you can save a lot of money and time in the long term. For more information, or to make use of our professional property maintenance services, call us today or make an online booking.