We understand that being a landlord isn’t cheap, and that rental property maintenance costs are a large part of your expenditure. Want help or advice on how to manage rental property maintenance costs efficiently while still benefiting your investment to the max? Read on.
\nThe average homeowner spends just shy of £850 on property maintenance every year and a landlord’s annual costs can easily exceed this depending on a number of factors.
","read_more_content":"Homes built over 10-15 years ago are likely to need much more maintenance than a new-build property, simply because homes built in the last few years are tailor-made to comply with the latest energy efficiency regulations, among others.
\nExtreme temperatures like strong winds, humidity, and snowfall can all increase your rental property maintenance costs each year. If you invest in an area that is prone to flooding or termite infestations, for example, you should also budget for more property maintenance costs.
\nWear and tear is unavoidable, no matter how well tenants look after your rental property. This is something to ask your letting agent to take into account when undergoing the referencing process during applications. A few common rental property maintenance costs caused by wear and tear and natural degradation are listed below:
\nThe longer you leave it to repair issues, the more expensive they become, so keeping on top of these maintenance jobs will definitely save you in the long run. For example, cleaning out blocked gutters generally costs around £150 – you can even do this yourself – but leaving it too long can cause serious issues like cracks which can lead to damp patches seeping through to the interior.
\nYour landlord and contents insurance will cover a lot of minor jobs, too, so it really is best to just get jobs done – it also shows your tenants you care!
\nIf you have any questions about rental property maintenance costs, contact our letting agents today and we will be happy to speak through our extensive maintenance knowledge and services with you.
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