- How Much Money Is Needed To Invest In Rental Property?
- Should A Real Estate Investor Get An Agent’s License?
- 5 Big Factors That Affect The Costs Of Renovating Your Home
- SIBOR Hike – What You Can Do With Your Current Loan
- 6 Basic Don’ts Of Real Estate Negotiation Tactics
- Will New Condo Relaunches Trigger The Great Property Sale We Have All Been Waiting For?
- 10 Proximity Amenities That Add Value To Real Estate
- How To Get Personal Loans More Easily With Good Credit
9 Home Items Needing Regular Maintenance To Maintain Property Value
In most markets, real estate tends to increase in value over time. This is a big reason why properties are one of the most desired assets around.
But let’s not forget that values can decrease as well, or not appreciate as much as it is supposed to.
These are some items that you need to pay special attention to for regular maintenance. If you keep up with them and your house still declines in value, it is truly because of factors out of your control.
1) Sewage and plumbing
If there is a home disaster brewing under the radar, the number 1 potential source is the sewage and plumbing.
The worst part of it is that you usually won’t know there is a problem until something horrible goes wrong
Main piping can hide in stealthy areas which you have hidden on purpose during interior design planning. And main pipe can go underground where you are powerless to inspect on a routine basis.
Leaks can go unnoticed and little drips can go ignored by home owners.
A sure sign that something is wrong is when you find bathtubs and sinks emptying themselves very slowly. So slow that you can notice the difference from the normal days. You can actually conduct simple maintenance tasks yourself if you don’t mind getting your hands dirty.
Caulking can be easily used to patch up cracks and seal leaks. But if you don’t know what you are doing, it is best to call in the plumbers.
2) Electrical wiring
It is not about the wires and learning how to connect them. Your electrician should have already settled that part for you when it was first installed.
What you are concerned about are the safety hazards.
Replace light bulbs as soon as they are flickering. Check your transformers every year. The fuse you are using and the breaker box should also be regularly inspected.
The most common reason for electrical fires caused by outrage is an overworked electrical outlet. So remember not to overwhelm your power point with multiple multi-plugs and extension cords.
If you have to do that make sure you switch them off when there is no one around. You might want to use verified fire resistant covers for electrical outlets and wire covers.
3) Air conditioning and heating
One of the things that every potential home buyer will take a look at is the air-conditioner and the piping that goes along with it.
Anyway, these days, almost every new home owner will have their own ideas on what is the best way to layout the piping.
So the only thing you should at least do regularly is to change the filters and intake furnaces.
If the machine is not working well temperature-wise, it can usually be rectified with the quick chemical wash.
A buyer who is taking over your house might dump every appliance you have into the dumpster truck. But if you are a landlord and showing your property to prospective tenants, the condition of your appliances could be something that can make or break your deal.
Tenants view appliances as part of the whole package of renting your house. They don’t usually demand branded items. But it has to be clean and in good working condition for them to put a checkmark instead of a cross in their checklist.
5) Windows and screens
A cracked window is as visually obvious as red in a sea of white. You need to replace them as soon as they crack to prevent accidents or lawsuits.
There is also a growing number of homeowners who like to paint shut their windows for security reasons. If you are selling your house as opposed to renting it out, you don’t want to have that in case it turns off your prospects.
Glasses or see-through plastic window panes are one of those things that can look glamorous when clean and disgusting when dirty. It is also something that is very prone to dirt due to it’s constant use. Clean it up regularly.
The same with screens. Screens are set up to prevent sunlight, animals, or insects from entering the house. A torn screen totally defeats the very purpose it was set up for. Replace them when damaged.
6) Walls and ceilings
The main problems with walls are cracks and paint peeling. Big cracks can be a sign of foundation problems.
Even when tenants are not expert home inspectors, they will feel that something is not right as soon as they see obvious cracks on the walls.
You can attempt to hide them with dark colours. But that does not do justice to a cheerful looking home does it?
Patch up minor cracks and paint over peeling paint work. If huge cracks appear which makes you uncomfortable, it is best to call in the professionals for a review.
7) Doors and locks
Doors should not squeak like a mouse when opening and closing.
Usually, squeaking doors can be easily rectified with a little oiling on the hinges.
And they should open and close properly without being too tight. Tightness is a sign that the door alignment has gone off.
For the sense of security, locks should have a strong and stubborn look.
The one room that sees the least human activity is probably the storage area. So sometimes, you could get a huge shock when you first enter it after sometime.
When left unattended, moisture can create chaos to your stocks left in a store room or even the garage and basement.
To keep out the problems with moisture, you can use dehumidifiers or just simple moisture trapping devices.
The former can be more comprehensive but can be costly to purchase and an electricity sucker. While the latter can be a very cheap alternative but might only be effective to a low extent.
If you have a garden or landscaping done on your home, you have to maintain it regularly.
Just leave it alone for 2 weeks and you can see how big a negative impact it can make on your house.
Most people hire gardeners to mow the lawn and remove fallen leaves. Some people love the fun that comes with doing it themselves.
Whatever the case, you need to keep it in a good condition so that visitors will not be turned off the moment they enter your gates.
Landscaping can add huge perceived value when done right but can also be a deal-breaker when done wrong.