Many people do not realize that California is facing a housing shortage. Experts believe that the state needs 180,000 new housing units per year to meet current demand. Because housing is so scarce, rental prices are also on the rise.
While this is bad news for tenants, real estate investors stand to benefit. They are bringing in more revenue from their properties than ever before.
You can maintain your property’s value by keeping up with maintenance. Read on for a comprehensive property maintenance checklist. Explore topics such as maintenance tips and what tasks a real estate investor should prioritize.
1. Plumbing
California state law requires that rental properties be habitable and have clean, running water. Few landlords are capable of inspecting pipes and detecting subsurface leaks.
Hiring a professional plumber to perform routine maintenance is a wise decision. They can verify that the property has clean drinking water.
They can also inspect appliances that rely on plumbing to operate. This includes items like the refrigerator and dishwasher.
Plumbers also maintain and repair bathroom products like the sink, toilet, and shower. They can replace cartridges that regulate water temperature and make sure the toilet stops running.
2. Clean Up the Exterior
It is important to keep the exterior of your property clear of debris. Procrastinating on simple tasks can lead to bigger problems.
For example, you need to remove leaves, twigs, and other debris from the gutter. Clogged gutters lead to potential water intrusion and property damage.
Keeping the roof clear of debris is also necessary. Piled-up leaves and twigs form a dam on your roof and can lead to water damage.
Pests are another unwanted byproduct of exterior debris. Mice, insects, and more use leaf piles to stay warm and may eventually find a way into the property.
3. Service the Heating and Air Conditioner
Your property’s HVAC system is one of the most expensive items in the home. A broken unit costs thousands to replace.
You can extend the HVAC unit’s service life by performing routine preventative maintenance. There are simple tasks that any homeowner can complete, like changing the air filter. Other maintenance items are more complex and require a professional technician.
4. Service the Appliances
Besides the heater and air conditioner, there are other expensive appliances in each property. The refrigerator, washer, and dryer are a few appliances that come to mind.
In many cases, a professional can service the appliances and extend their service life. You can also review the user manual to perform simpler tasks. This may save money as opposed to hiring a professional.
5. Spray for Insects
Insects can wreak havoc on your property. Powder post beetles and termites can cause extensive damage to your home’s interior.
Your home’s exterior is also vulnerable. There are insects that can destroy your lawn, shrubs, and flowers. A commercial spray may provide protection against these pests.
Your Guide to Property Maintenance
Any investor guide for real estate should advocate for routine maintenance. In the long run, maintenance saves money and prevents major issues from emerging.
If you want to learn more about property maintenance, contact us today to see how we do it.