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YOU’LL NEED A WEDGE TO HANG THAT DOOR
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YOU’LL NEED A WEDGE TO HANG THAT DOOR

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  1. Home
  2. Property

Maintain the value of your rental property by doing these four things

Keep everyone happy - by Laura Barry
  • 11 Nov 2019

There are more than two million people with an ownership interest in rental properties in Australia. Our residential investment market is dominated by people who, having bought their own home, have moved onto buying an investment property. If you’re a homeowner who has just purchased an investment property, there are four things you can do to extend its life and ensure it maintains its value over time. It’s all about managing general wear and tear.

Protect the bathroom from mould

Ensure the bathroom is well ventilated with a ceiling fan and window if possible. Take care of worn out silicone and leaks from the shower frame, bath or vanity as soon as possible to avoid damage to your walls or floor. If the shower frame allows it you can also purchase a showerdome, a clear acrylic dome that attaches to the existing shower cubicle, sealing all the moisture within the frame.

bathroom mould
Getty

Prevent clogged drains

All landlords should invest in drain covers for the kitchen and bathroom, this will stop food, hair and other unpleasant things getting stuck inside the plumbing. If you have delicate plumbing in your property, ensure you explain the situation to your tenants clearly so they are aware of the situation. Get a plumber in to clear the plumbing regularly.

drain with mesh protector
Getty

Choose flooring wisely

If you are building or renovating your rental property, it pays to choose flooring that is robust and hardwearing, so probably not carpet. Engineered timber floorboards are reasonably priced, tiles are durable and if you choose timber floorboards be aware that scratches and scuffs by tenants are considered reasonable wear and tear.

timber floor boards with rug and blue ottomans
Getty

Take care of holes and cracks immediately

If the sealing around the doors and windows are worn in your rental, then you’re asking for the outside elements to come in and make their presence known. Prevention is better than repair, so make sure you check seals regularly. If there are cracks in the walls, ceilings or floor, these will only get worse with time, so fix them at the first opportunity. Depending on the roof you have, it pays to give that a yearly check, too.

cracked white ceiling
Getty

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  • Renovating
  • Property
  • Better Life
Laura Barry
Laura Barry
Laura Barry is a writer, bookworm and interior design enthusiast with a love for reporting on all things homes, travel and lifestyle. When not tapping away at her keyboard, Laura can be found making endless cups of tea or perusing the shelves of Sydney’s many bookstores.

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YOU’LL NEED A WEDGE TO HANG THAT DOOR
Watch 6:32

YOU’LL NEED A WEDGE TO HANG THAT DOOR

{headline}

{headline}

5 ways to update your home’s exterior under 20K

5 ways to update your home’s exterior under 20K

What you need to know before buying a heritage listed house

What you need to know before buying a heritage listed house

How to future proof your reno

How to future proof your reno

5 legal ways to reduce your capital gains tax on investment property

5 legal ways to reduce your capital gains tax on investment property

{headline}

{headline}

How to read the property market

How to read the property market

How you can save money on your home loan by going green

How you can save money on your home loan by going green

This is how long it takes to save a home deposit in Sydney

This is how long it takes to save a home deposit in Sydney

{headline}

{headline}

The potential property hotspots for 2020

The potential property hotspots for 2020

The January 2020 changes all first home buyers need to know about

The January 2020 changes all first home buyers need to know about

Why you should reconsider hosting an open house inspection

Why you should reconsider hosting an open house inspection

The first mistake all first homebuyers make

The first mistake all first homebuyers make

How to know if a home isn’t worth the listed price

How to know if a home isn’t worth the listed price

Everything you need to know about container home designs

Everything you need to know about container home designs

Three things you should never do at an open house inspection

Three things you should never do at an open house inspection

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