Uploaded on Feb 11, 2022
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
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:
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