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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

You might also like:

How to save money on your bathroom reno

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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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Gift wrapping hack
Watch 0:20

Gift wrapping hack

{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

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How to future proof your reno

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Why you should reconsider hosting an open house inspection

{headline}

{headline}

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The first mistake all first homebuyers make

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

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Everything you need to know about container home designs

{headline}

{headline}

Three things you should never do at an open house inspection

Three things you should never do at an open house inspection

The suburbs in Australia where it’s cheaper to buy than rent

The suburbs in Australia where it’s cheaper to buy than rent

Airbnb drives up rent and property prices, study

Airbnb drives up rent and property prices, study

The hidden costs of buying a house

The hidden costs of buying a house

The paint colour that  will increase the value of your house

The paint colour that will increase the value of your house

How to find the right suburb for your ‘forever’ home

How to find the right suburb for your ‘forever’ home

6 reasons why you should consider a pre-fab house

6 reasons why you should consider a pre-fab house

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