Essential Maintenance Activities For Your Investment Property

5 Essential Maintenance Activities For Your Investment Property

If you own a commercial property, it’s prudent to conduct regular maintenance to keep your investment in good condition and enhance your tenants’ experience. If you fail to do so quickly, it could end up being costlier, especially if tenants need to move out for the activities to occur. Here, we explain five essential maintenance routines for your investment property.

  1. Maintain Heating and Cooling Systems

The heating and cooling system in your property can make a significant difference to your tenants’ quality of life and your investment’s value. If your equipment is more than ten years old, consider upgrading with the Energy Star label to save up to 20% on heating and cooling costs annually.

When you neglect the HVAC system until it stops working completely, it can lead to issues such as mold and mildew, which are difficult and costly to remove. Conduct maintenance on your HVAC system at least twice a year, preferably before your scheduled general cleaning.

  1. Clean the Gutters

Gutters are a vital part of a property’s structure because they help channel rainwater away from the building. When they clog, it usually leads to water damage, erosion in the foundation, and mold growth on the exterior walls. Clogged gutters sometimes cause leaks that can ruin electrical wiring and seep into carpeting or other interior finishes.

Although gutter cleaning can be done using hand tools and household items, such as brushes, ladders, rags, and soap solutions, it’s best to contract the work to professionals. You can avoid the risk of falling, injury, and lawsuits this way. Clean gutters twice a year, preferably in early spring or fall.

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  1. Inspect Fire Extinguishers

Inspect Fire Extinguishers

Fire extinguishers are crucial for your investment property because they offer a degree of protection against fire outbreaks. The devices can save lives and investment properties, especially since fires are estimated to cause thousands of civilian deaths and about $14.8 billion in property damage annually.

Inspect the fire extinguishers in your premises once a year according to the fire safety and building regulations.

  1. Check the Smoke Detectors

In the event of a fire, these devices can detect smoke and warn people of the impending danger of carbon monoxide, which is poisonous and can quickly fill the air. Inspect your smoke detectors once a month to see if they’re working correctly. Replace faulty or broken devices.

The maintenance process also entails replacing batteries twice a year, replacing any devices more than ten years old, and following the manufacturer’s instructions.

Also read: Tips on Choosing an Internet Provider for Your Home

  1. Perform Pest Control

Pests are a problem for any property owner because they can cause structural damage and encourage the spread of bacteria and diseases. New buildings may be pest-free, but the chances of encountering pests in a property increase with time.

Professional pest control in Mesa, AZ, can fix this problem by identifying the specific pest infestations and implementing the necessary extermination techniques. Since many pests multiply quickly, perform pest control after every three months.

Maintaining your property is critical to remain compliant with state regulations and get the best returns on your investment. You can use these tips to get started.

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