An interesting discussion today in the office. Is now the time to spend money on your rental property when rents are increasing and vacancy periods are about 5 working days making the window of opportunity to organise maintenance quite tight? Well-presented, well-maintained properties will always attract the best tenants and the best rents, whatever the market, but it is easy to ignore this when the market is so easy. My recommendation is to plan your general maintenance to spread your costs and avoid any delays in the leasing process. Putting off the maintenance will result in larger unmanageable bills in the future and could affect the capital growth of your property if you suddenly decide to sell.
- geraldinewood
Comments