In 2020, 5.64 million existing homes were sold in the United States. There are loads of reasons people sell their homes, but everyone can agree that they want the most money possible.
One of the biggest factors affecting the sale amount of a property is how well it has been looked after.
This means anyone who currently owns a property they might one day sell should have good maintenance practices in place. Keep reading to learn about the top four maintenance tips for your Ogden property.
1. Hire Property Managers
If you don't live near your investment property, or you're busy with other work and don't have time to fully invest in your property management, hiring someone else to do it is a great help!
Property managers can take care of everything, from finding good tenants to overseeing routine maintenance to handling any tenant queries.
Having professionals advertise your property and screen your tenant applicants is a guaranteed way to find tenants with good habits. Tenants have a huge impact on the state of your rental property, so finding good ones is a huge help. And with property managers taking care of any tenant issues immediately, it means the tenants are happy and will stick around for longer.
Click here to learn more about our property management services.
2. Create a Budget
Maintenance services like inspections and repairs cost money. Understanding this from the beginning means you can budget for it and stay on top of it throughout the year.
It's also always a good idea to build an emergency repair savings plan so you can tackle bigger problems as they come up.
Prioritize hiring professionals to make sure the repair jobs are done efficiently and correctly.
3. Regular Maintenance and Inspections
Looking after your property with regular maintenance and inspections is far more effective than waiting to fix problems once they become noticeable.
Most maintenance inspections should be done at least once every year. This includes things like servicing the HVAC, getting a plumbing inspection, flushing the water tank, and more.
But if you really want to stay on top of things, you can follow a seasonal maintenance checklist.
4. Respond to Maintenance Calls Quickly
If your tenants have logged a problem with you, make sure you get to it immediately. Otherwise, what was once a small problem can spiral into something much larger.
This larger problem will either cost a lot more money to fix, or it'll reduce your property's resale value if you don't.
Maintaining Your Ogden Property
Property maintenance is a vital part of securing a high resale value for your rental unit. Every property owner has an interest in protecting their future property value by looking after it today.
One of the easiest ways to maintain your Ogden property is by hiring a property manager to take care of everything. But beyond that, it's always good to create a budget, perform regular maintenance and inspections, and fix any issues as soon as you know about them.
If you're in the Ogden and Salt Lake City area, contact us for all your property management needs!