What to Do If a Property Needs Fixes in Peterborough

So you've purchased your rental home; you've performed your homework; the house may not be local but the statistics compare. Basically the rent is paying the mortgage. Which is all very well until it needs repairing and it is over an hour away. Follow the link for more information about property maintenance Peterborough.

First of all, when buying your property, make certain it is in very good problem, but all of the properties will need Fixes at some point.

It is false economy to ignore these Fixes just because the house value is in decline or worse still you're in negative equity. I actually overheard a landlord make an effort to utilize this logic to avoid doing simple Fixes to their rental house.

Ultimately, you should look after your property because hopefully it will look after you as an investment in later years. Look after your tenants too as they are paying your mortgage.

It has been our experience that if landlords keep their properties in good repair then the tenants will respect the home and do their bit to help with all the upkeep.

If, on the other hand you happen to be from the Scrooge school of real estate upkeep, then you will encourage a bah humbug attitude in your tenants too.

If you are skilled, able or willing to carry out property Fixes yourself you'll save a small fortune. However , if your property is in an alternative area to in your area it could be advisable to get an upkeep contract with someone that will cover all your plumbing related, central heating, electrics, drains and decorating.

Make sure your tenants know not to call you out for maintenance issues that aren't your responsibility, for example a obstructed toilet or even a bath plug that is dripping and needs replacing. I've had tenants call myself to change a light bulb in the past!

Using a property management company or letting agent is also a worthwhile consideration as they will look after any repair and maintenance issues to suit your needs. The fee they charge can be a small price to pay for peace of mind.

However , unless you get a reputable agent you can be left with inflated repair bills, unnecessary repairs/replacements but not doing regular property examinations.

Just for essential works you could always used rated trades people local to where your rental property or home is situated.

Tenants of mine did actually have the ability to flood the place once. It was Christmas, and the property had been two hours away. Thankfully, I had formed the number of a local plumber who seem to sorted the problem out right away.

In fact he happens to be a very good plumber who can turn his hand to anything. He's done decorating for me, garbage removal and plastering. He is also a qualified electrician and can fix most devices. For more info go to Landscapers Peterborough.

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