6 Best Tips to Ensure Good Health of Your Vacant Property
May 25, 2017 Home Trading Steps
Thanks to the massive home loan rate cuts by major banks over the past 12 months, many people across the country have been exploring options to buy a second home for themselves. Moreover, with banks now also simplifying the largely cumbersome home loan procurement process, people have been wondering to make use of this opportunity to invest in second homes. However, although it is financially rewarding to possess multiple properties, it is equally difficult to maintain those properties in the longer run. Vacant properties are generally victims of wear and tear and from an owner’s point of view, it is important to keep them maintained so as to keep their market value intact.
So here are some of the things you should do in order to keep your vacant property neat and tidy so that it sustains its market value:
1. Regular visits to the property:
One of the most important steps is to be in touch with your property/apartment. Paying regular visits to your second home will keep you informed about possible damages or breakages that the property has suffered. Attending to such damages immediately will help you save a lot of your money. If you live very far from your property, then, you can also try taking help of your contacts staying nearby.
2. Ensure safety of your property:
Since the property will remain unoccupied, it is a must to take measures to ensure safety and security of the same. Installing CCTV cameras, alarm systems will play their part in keeping the anti-social elements at bay. Furthermore, hiring a security guard will only boost your cause.
3. Keep the property neat and clean:
Dirty or unhygienic apartments depreciate the value of property. It is your duty to ensure that the property is neat and clean. If there exists furniture in it, keep it wrapped under sheets so that dust doesn’t settle into it. Also, fix a schedule to clean the floors and walls of the apartment regularly.
4. Repairs and Maintenance:
Even though the property might be vacant, there are certain aspects in the house that wear and tear over time. So it is always necessary to replace or repair any fault in the house before renting or selling it off. For example, you may need to change defective door locks, leaking taps and pipes, broken floor tiles to name a few. Special attention should be taken to ensure that the house walls are clean and smooth in texture. Paint the walls with neutral colours to give them a fresh look.
5. Temporarily suspend civic amenities:
Civic amenities including water, gas and electrical supply should be suspended if the property is to be remained vacant for a long time. This will help you save money.
6. Ensure electrical safety in the property:
Unplug all the appliances in your vacant property to avoid electrical issues or wastage of power. Safety experts suggest to always switch off the main power outlet of a vacant property.
So here are some of the things you should do in order to keep your vacant property neat and tidy so that it sustains its market value:
1. Regular visits to the property:
One of the most important steps is to be in touch with your property/apartment. Paying regular visits to your second home will keep you informed about possible damages or breakages that the property has suffered. Attending to such damages immediately will help you save a lot of your money. If you live very far from your property, then, you can also try taking help of your contacts staying nearby.
2. Ensure safety of your property:
Since the property will remain unoccupied, it is a must to take measures to ensure safety and security of the same. Installing CCTV cameras, alarm systems will play their part in keeping the anti-social elements at bay. Furthermore, hiring a security guard will only boost your cause.
3. Keep the property neat and clean:
Dirty or unhygienic apartments depreciate the value of property. It is your duty to ensure that the property is neat and clean. If there exists furniture in it, keep it wrapped under sheets so that dust doesn’t settle into it. Also, fix a schedule to clean the floors and walls of the apartment regularly.
4. Repairs and Maintenance:
Even though the property might be vacant, there are certain aspects in the house that wear and tear over time. So it is always necessary to replace or repair any fault in the house before renting or selling it off. For example, you may need to change defective door locks, leaking taps and pipes, broken floor tiles to name a few. Special attention should be taken to ensure that the house walls are clean and smooth in texture. Paint the walls with neutral colours to give them a fresh look.
5. Temporarily suspend civic amenities:
Civic amenities including water, gas and electrical supply should be suspended if the property is to be remained vacant for a long time. This will help you save money.
6. Ensure electrical safety in the property:
Unplug all the appliances in your vacant property to avoid electrical issues or wastage of power. Safety experts suggest to always switch off the main power outlet of a vacant property.
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