A Guide to Rental Property Inspections


Freedomrealtors1175

Uploaded on Feb 11, 2022

Category Real Estate

Property inspections often scare people because they live under a common belief that with every inspection, they have to shell out a lot of money to get expensive repairs done or to improve the interiors. But this is something you would not want to do. If you want to get more information regarding rental property inspections then visit our website. Read more: https://rentalpropertiesau.blogspot.com/2022/02/a-guide-to-rental-property-inspections.html

Category Real Estate

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A Guide to Rental Property Inspections

A Guide to Rental Property Inspections Property inspections often scare people because they live under a common belief that with every inspection, they have to shell out a lot of money to get expensive repairs done or to improve the interiors. But this is something you would not want to do. So, one of the smartest things you will do to keep the costs down is to get proactive property inspections done. Regular or alternate property inspections can help in keeping repairs sorted. Through regular inspections, maintenance issues, and warning signs get sorted in time before these turn into big, expensive issues. Also, if you want to nip the issue in the bud, talk to your tenants openly about it. Open communication will safeguard the condition of your rentals and will even keep your tenants around for the long-term. This blog will take you through the importance of timely property inspections. How it saves investors (your) money, how to use routine inspections etc. How Inspections Save You Money? No one would like to waste their hard-earned money. So, as an investor, whether you work with a property manager or you take a DIY approach (Do- It-Yourself), keeping tabs on your rental property will save you enough dollars. This is because routine inspections are not just conducted to keep your property tidy. But it gives you a chance to pick up big or small maintenance issues. For instance, if you find a leaky tap in the bathroom, you can book a plumber as early as possible. In early stage, you may have to spend only $20 or little more. In case you do not spot the issue at a right time, it may turn out to be a big problem later on. Also, you may have to spend more handling a big trouble. Here’s what one of our property managers have to say, “Property maintenance is a game of time management. The longer repairs take, the more irritable a tenant gets. Also, the situation has a tendency to get worse. For tenants, it is paramount to get things fixed on time because if it takes too long, it can disrupt their life.” How Often Routine Property Inspections Should Be Conducted? Even though it is your property and you need to be proactive, remember to respect your tenant’s privacy. Conducting frequent inspections does not mean you visit your property anytime you want. You will have to inform the tenant prior to making a visit for conducting inspections. Here’s what you should know when it comes to inspections and repairs: You can only conduct routine inspections up to four times a year. You need to give your tenants at least seven days written notice before making a visit. For non-urgent repairs, you can access your property as and when required. Also, you will need to give your tenants at least two days' notice. Property Inspection Checklist: Issues to Look For While booking routine inspection is important, these are helpful only if you know exactly what to look for during the visit. Also, we know that every property is different. So, a checklist that fits in one size will not take into account the maintenance needs of your investment property. So, let us see what maintenance issues should you be watching out during the inspections. Let us take you through the most common maintenance issues to look out for in our property inspection checklist: Malfunctioning Smoke Detectors While it is recommended to book a professional annual smoke alarm inspection, it is also worth checking if these alarms are working properly during property inspections or not. Any Signs of Dampness Check walls, window frames, ceilings, and wet rooms if there is any moisture build- up, condensation, musty odours, or even visible mould patches. In case you spot a problem, act swiftly. Cracks or Uneven Floors While some small cracks are unavoidable, larger cracks above doorways, floorings, or even sagging ceilings can indicate there is a bigger structural problem. Anything that seems big must be addressed immediately. If you spot any of the above issues, call in a building inspector who will be able to resolve such structural issues before they turn bigger. Loose or Rusting Balcony Rails If your balcony has loose handrails or signs of rust, close the access to the area immediately and book in a licensed builder to inspect the issue. As an owner, it is your responsibility to ensure that these issues are inspected regularly and maintained properly. Leaky Taps or Other Water Related Issues Not only are leaky taps a major issue for your tenants, they also lead to moisture build-up, encourage moulds to grow, and waste up to 20,000 L of water annually. So, make sure you check all the taps in your property and book in a plumber if there are any leaking tap. Exhaust Fans If the electric appliances are dysfunctional. For example, if you notice your bathroom and laundry exhaust fans are leaky, or leaving wet areas filled with moisture and humidity, it is better to get those replaced or repaired. Signs of Termite Damage If the property’s doors or windows are stiff and you are not able to open or close it properly. If on opening or closing the doors and windows, hollow sound is heard, it is a sign of presence of termites. If there are any signs of termites, book a professional termite inspection and get the issue treated as soon as possible. The key is to get the inspections and repairs right. Have a clear list of potential problems that you are proactively looking forward to. That is when working with the right property manager comes in handy. The property managers are experienced professionals who use their expertise to catch potential maintenance issues before they turn into long-term costly issues. GET IN TOUCH 1 Raphael St, Hallam VIC 3803 047 637 2002 [email protected] Content Resource: htt ps://rentalpropertiesau.blogspot.com/2022/02/a-guide-to-rental-prop erty- inspections.html