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Top 5 Maintenance Tips to Help Protect Your Investment

By Tash Johns

Making sure your investment is maintained in a good and safe condition can assist in preventing unnecessary damage and injury, as well as, reducing unexpected costs that can escalate into expensive fixups.  Your focus of owning an investment property should always be a proactive approach.

TOP FIVE (5) TIPS

  1. Remove dead trees and foliage

This will keep your yard tidy and safe, prevent damage from falling branches, reduce the risk of a fire spreading and assist in maintaining the appearance of the property.

  1. Clear and clean the gutters

This can help reduce the possibility of deterioration, excessive mould or the risk of a fire from overflowing gutters.

  1. Check electrical outlets

As part of an annual review property inspection it is important to look for loose-fitting plugs and frayed or damaged cords that can result in electrical shocks and even cause fires.

  1. Test your smoke alarms

It is important to ensure that there are smoke alarms throughout the property and to ensure that they are in good working order.

  1. Establish an investment budget

Avoid getting caught out with unexpected investment costs by establishing a budget.  Set aside a little each week or month to allow for maintenance and renovation costs.

BONUS
Inspect your foundations

Depending on the type of property you own, this can often be an overlooked important maintenance check.  Cracks in ceilings and walls can be an indication of structural issues or underlying problems with your foundations.

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