Whether you’re letting out a new-build property or a home built in a bygone era, keeping your asset well-maintained should be every landlord’s priority. Whatever age, size, style or type of property you let out, keeping it in good condition will help retain its value and reduce the need to carry out repairs, which can put a significant dent in rental yields.
It is important to remember that even new-builds require maintenance to keep them in optimum condition and retain their appeal to tenants.
The good news is that keeping your rental property in tip-top condition need not be expensive, difficult or time-consuming if you follow these maintenance tips.
1. Check exterior walls for causes of damp
The Landlord and Tenant Act 1985 sets out the rights and responsibilities for both landlord and tenant. The Act states that a privately let property must be fit for human habitation. Part of the criteria of what makes a property suitable for human habitation is that it is free of damp.
One way to help keep a property in good condition and free from damp is to regularly check the exterior walls. Inspect the walls to ensure they are free of cracks, which could result in damp and mould making its way inside.
Also make sure the gutters are kept clear and there are no blockages in the drainpipes, which can result in damp building up and problems such as plaster flaking inside the property.
2. Pay attention to the garden and outside of the property
The maintenance work carried out on a buy-to-let property should not be confined to the interior of the home. Overgrown gardens and shabby exteriors can put off both potential and existing tenants and subsequently result in the property losing value both in terms of rental yield and resale.
Regularly mowing the lawn, weeding the flower beds, painting the fence and repairing any broken garden furniture will help keep your buy-to-let investment in good condition and consequently maximise return on investment.
3. Carry out regular redecoration
When an existing tenancy comes to an end it is the perfect time for landlords to give the property a spring clean, even in newly-built properties that have only had one or two tenancies.
Simple tasks such as repainting the walls or updating some of the furnishings can significantly enhance the appearance and therefore appeal of the property.
4. Keep a close eye on the roof
It is vital that landlords maintain the condition of a property’s roof, after all the roof is what keeps the rest of the home safe from the elements of the weather.
Following a winter as harsh as this one is turning out to be, it is in every landlord’s interest to carefully survey the roof of their property for damage.
Signs of wear and tear include missing tiles, gaps in the chimney’s brickwork, damp spots on the ceiling and rotting timber in the attic.
If you do spot any signs of damage to the roof, only attempt to fix the problems if you are adequately trained to do so. If not, call in a professional roofer.
5. Repair any faults quickly
Whether your buy-to-let investment is a new build or a period home, one of the best ways to maintain its condition and prevent damage from escalating is to act quickly.
If a tenant informs you of a leak under the sink or peeling paint in the spare room, responding quickly and getting to the root of the problem can help save time, stress and money in the long run.
Being a landlord comes with multiple rewards, financially and socially. Keeping a buy-to-let property in good condition will ensure your investment does you proud for longer.
This article was written by New Home Finder, dedicated to helping people find new build housing developments in specific locations.
Image credit: propertydivision.co.uk