Posted on: August 4, 2020
The Benefits of a Professional Maintenance Service for your Home
Finding a property management company that will be able to maintain your properties effectively and keep the value of your properties up is important.
When you allow your property to sit on the back burner, it’s easy for your property investments to devalue themselves. As many landlords are interested in acquiring new property, older properties that they have acquired and are renting out will begin to fall into disrepair.
As many landlords across the UK might own properties for decades at a time, this often means performing major repairs such as roofing, foundation work, replacing furnaces and more. First time landlords might not be aware of these costs or the ongoing time that it takes to maintain multiple properties and this is why it is so important to have a property management team that will service your home effectively.
As a landlord, you are legally obligated under the terms of your lease to keep a property properly maintained for your tenants. Alternatively if you’re busy homeowner, watching your own home fall into disrepair without the right maintenance could be detrimental for one-day selling your property, and not to mention a huge hassle to repair in a short period of time.
Here are some of the top reasons why you should consider professional maintenance solutions for your home:
You keep your tenants:
Repairs and maintenance are undertaken quickly with a professional on your side. With timely maintenance done on your property you make sure that your renters will stay in the property for a longer period of time. Making sure that your tenants are happy with the rental is the responsibility of a landlord and that often starts with maintenance. A happy tenant is also much more likely to pay their rent on time and look after the property more readily.
You reduce your costs over time:
Having a property and maintenance company will make sure that the overall cost of your property is greatly reduced. Having professionals on your side will make sure that small issues like water leaks, roof repairs and more will be handled in a timely manner and properly without the need for multiple fixes. If these items are not taken on quickly, it often leads to the problem escalating and cause ongoing damage to your property. Consider using a professional so that these items are handled up front and fully.
A well-maintained property will be likely to attract prospective tenants and this will lead to less time where you might face vacancy. Vacancies on your property lead to ongoing lost revenue and this is highly detrimental for your bottom line on the property.
Accessing better rental values:
When you have a dedicated property manager on your side working to handle your maintenance, you often achieve higher rental values. As a property starts to deteriorate, the rental values will also fall alongside it and eventually you could be left with a property that has fallen beyond a healthy rental cost.
It’s a tax-deductible service:
Using an ongoing property management company is a tax-deductible service for your properties. Employing the same company is an easy way that you get access to quick maintenance while getting a tax credit for your properties each year.