How preventative maintenance can save you property value in the long run
Your property is not just a rental income stream as a landlord. It's a long-term investment. Maintaining it today will save you costly repairs in the future. Preventative maintenance makes tenants happy, reduces emergency repairs, and protects your property's value.
Here's why staying on top of maintenance is a great idea for every landlord.
Small problems can become big repairs
Most big repairs start out as small issues. A leaky pipe may not seem so urgent at first. But over time, it can cause damp, mould, and even structural issues.
Broken roof tiles may not be an issue in the summer. But when the rains come, water can penetrate the building and destroy ceilings and walls.
By detecting and fixing small issues early, you avoid larger and more expensive repairs later on.
Well maintained properties attract better tenants
Tenants want to live in a property that is safe, clean, and well maintained. If your property looks like it is well cared for, it is easier to attract good tenants who will also look after it.
Happy tenants are also more likely to stay longer. This means fewer vacancies between tenancies and less money spent on advertising and re-letting.
Preventative maintenance helps you stay compliant
Landlords have a legal obligation to make properties safe. This includes:
- Annual gas safety checks
- Periodic electrical checks
- Working smoke and carbon monoxide alarms
- A safe and working heating system
With regular maintenance, you can stay ahead of these statutory checks and avoid last minute emergencies that could leave you non-compliant.
You avoid emergency callouts
Emergency repairs are more expensive than planned maintenance. A boiler failure on a winter's night is the equivalent of an emergency callout, higher repair costs, and unhappy tenants.
Annual service and seasonal inspection can reveal these problems before they happen. This reduces the need for costly, last minute callouts.
Protecting the value of your investment
Your rental property is probably one of your largest financial assets. Any asset requires attention and care in order to retain its value.
Properties that are neglected can decrease in value over time. Major problems like damp, roof leaks, or electrical problems can make the property more difficult to sell or refinance in the years to come.
By keeping your property in good repair, you ensure that it stays in good condition, retains its value, and continues to be appealing to future purchasers or lenders.
Easy preventative maintenance tasks for landlords
Some straightforward checks to incorporate into your annual routine include:
- Arrange an annual boiler service
- Inspect the roof and gutters for blockages or damage
- Check plumbing for water stains or leaks
- Test carbon monoxide and smoke alarms
- Check door and window locks for security
- Inspect external areas for damage to fences, gates, or paths
How YourRepair can help with preventative maintenance
Maintenance can feel like a chore to keep up with. YourRepair offers landlords a simple solution to protect their properties with simple, reliable cover.
With YourRepair you get:
- Annual boiler service included
- Gas safety certificates included
- Drainage, heating, electrics, and plumbing covered
- 24 hour emergency helpline for prompt repairs
- A dependable network of qualified engineers across the UK
Exclusive NRLA member offer
NRLA members are entitled to 20% off any YourRepair landlord care plan when they buy through NRLA. This keeps landlords one step ahead of repairs, saves costs, and protects their property in the long run.
Preventative maintenance isn't just about avoiding repairs. It's about protecting your investment and giving your tenants a safe, warm home.
Learn more and claim your exclusive NRLA offer below.
