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Maintain for gain

Maintenance is an important aspect of property ownership, not just in keeping the value of your home at its highest level, but also in ensuring a satisfied tenant stays for the longest term.

To preserve and enhance the value of your real estate investment, it is wise to establish a regime of ongoing home maintenance and make value-adding improvements to the property from time to time.

If you have no resources that you can tap immediately for home improvement projects, set a budget and a plan to take care of necessary work over time. It might help to prioritise repairs, so that if you can't afford to correct all the deferred maintenance at once, at least you'll know which items to concentrate on first.

It's natural to want to spend money on making your home look good. But don't make the mistake of overlooking defects that will diminish its value when you sell.

- maintenance, landlord, repairs

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