As your home or commercial space is your biggest investment, maintaining it is a must. New Lease explains how to take care of your property.
Many property owners fail to address home repairs and regret it when one little issue left can turn into several major property repair problems in the future.
1. First things first, - Plan. Owners should have a regular property maintenance schedule or ask their property manager to prepare and implement one.
2. Budget. New Lease advises landlords to set aside at least 2% of their rental income towards maintenance to be spent on repairs, preventive maintenance, or put towards a refresh or property upgrade overtime.
3. Keep the gutters clean in autumn. Clogged gutters have a risk of overflowing or breaking, which will result in costly repairs. In a storm, blocked gutters could cause water to flow inside a building, causing significant damage to the walls and floor coverings. Some owners may have learned this the hard way and faced a painful insurance claim.
4. Clean your heat pump filters or the wood fire before winter. Clean air filters can help save between 5% to 15% from the electricity bill. Likewise, if using a wood burner, inspecting the fire and cleaning the chimney will ensure it burns cleanly and safely.
5. Wash the building exteriors every spring or summer. Dirt and grime on the facade may damage the exterior paint and masonry and cleaning the property regularly will give extra years towards the paintwork between repaints.
6. Inspect door and window seals. Landlords should make sure there are no gaps or cracks in the door and window seals, especially if the property has old wooden joinery. New Lease advises landlords to ask their property manager to check at routine inspections. Healthy Homes Standards require that a residential rental should be free from draughts and gaps.
7. Check smoke detectors are working. Landlords should make sure smoke detectors are in working order at the start of each tenancy and tenants are not removing or covering them. It is best to install long life photoelectric smoke detectors alarms that last 10 years for further peace of mind.
Don’t delay and contact the team at New Lease, they will conduct a full review of your property maintenance needs. As J.F. Kennedy once said, "The time to repair the roof is when the sun is shining.”
NEW LEASE LTD, Just moved, new address: 3 Glenside Crescent, Eden Terrace, E: sandie@newlease.co.nz, M: 021 352 670, www.newlease.co.nz
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