Property Resolutions for 2016

January 11, 2016

As a new year commences, many of us start the New Year with writing down and attempting to adhere to resolutions in an attempt to make ourselves and our lives better. As part of your New Year's resolutions, why not include your property (or properties)?

There are a number of simple things that can be done to improve your investment property to make it more attractive, safer and liveable for prospective or current tenants.

Install smoke detectors

A simple thing that is often overlooked, smoke alarms are cheap and easy to install. This is a great opportunity to make your property compliant with the new rental property requirements from legislation due in 2016. And, they may just save your life or the lives of your tenants one day! Long Life smoke alarms can be bought from supermarkets, or places like The Warehouse, Bunnings or Mitre 10. Ideally, smoke alarms should be placed in hallways (close to bedrooms), in living areas and every bedroom of a property, on every level.

For more information, check out our earlier post Changes to the Residential Tenancies Act – It aint no WOF.

 

Clear out gutters

Blocked gutters can cause a raft of problems, so it's important to clear and clean them regularly. If you can do it yourself, get up that ladder now, otherwise call in the professionals. To help prevent further blockages, there products that can help – try gutter guards or brush type solutions to protect and lengthen the life of your guttering.

 

Fix cracked or peeling paint

Not only is chipped paint unattractive, it can be a nuisance or a sign of something more sinister. Examine the wall for imperfections and damage, and if need be, consult a professional before stripping and re-applying the paint. You'll be surprised at the new lease of life a lick of paint can give a wall or room, and you’ll find a tenant is appreciative of the up-keep and will look after the property more.

 

Cut back or cut down

Garden, shrubbery or trees looking like a nightmare? Don't let them grow and cause more trouble. A well-kept garden or yard does wonders for the overall look of a property, as well as preventing burglars from hiding there. Take extra care if there are trees near power lines – you'll need a specialist company to take care of those.

Take a look at the Regulation review and its potential impact on landowners article we wrote in September – it looks at the regulatory implications for the trimming of trees in the vicinity of power lines.

 

Add a fence

Whether it's short and simple or an impressive six-footer, a fence around a property brings all sorts of benefits. The property's security will improve, pets and small children will be able to roam without danger, and a fence adds privacy – as well as the possibility of a stylish statement.

 

Step up security

It can be as simple as adding solar powered or motion sensor lights, or installing deadbolts, alarms and window latches. A secure property will ensure the safety of your tenants and their possessions. More extensive options include security cameras or full security systems.

Improve your property this year and improve your property's appeal. Don't hesitate to ask your property manager if you have any questions, or get in contact with us – we'd love to help!

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Filed under Property management \ Real Estate Investment

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