Expert Tips in Proper Investment Property Upkeep

property maintenanceMaintenance plays a huge role in the upkeep and value preservation of any investment property. Failure to take care of this type of asset can be financially hefty. As they say, prevention is better than cure and the best way to avoid the dilemma is by practicing proper upkeep from the very beginning. Don’t worry, we’ll tell you how.

  • Always allot a budget for it. Repair and maintenance is expected every year and all throughout the life of the property. Skipping on them may seem cost efficient at first but in the long run they only lead to worse conditions. The solution is to always budget it in.
  • Check the windows for any cracks. If any, make sure to repair them immediately. Water can get into the jamb and rot the structure from the inside.
  • Check for any water leaking in your toilet. Leaks are expensive as they will shoot up your utility bills plus it can hasten the wear and tear of the bathroom floor as well as the internal workings in the structure. But this is tricky considering that the bathroom is normally wet. Here’s a tip, use food coloring. Place a few drops in the toilet tank and leave it be for a day. If you see any of it in the floors then you my friend have a leak to fix.
  • Replace washers regularly. These are the main cause of leaky faucets. They’re not as hard or expensive to replace either.
  • Never throw oil and fat-based products and food down your drain. They are one of the common causes for clogs as they tend to grease the surface of the pipes. They can be sticky too which explains why dirt and other particles will stick into your drain. If accidents happen and oil, lotion or something like it has spilled, immediately pour dishwashing liquid and quickly follow with hot water.
  • It would be best to get a strainer to keep not only the oils but also things like hair, food and other small items from falling into the drain.
  • Have your chimney or fire place cleaned at least once or twice a year. The same applies to other appliances like heaters and air conditioning units but they must be inspected and cleaned more often, monthly would be best.

If you think about it, the above investment property upkeep tips aren’t that hard or costly so why not do it?

Posted in investment property

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