When it comes to maintaining your investment property in Perth, the items that are likely to show their age and deteriorate are the fixtures and fittings. Maintaining your property to a high standard is important, so knowing when to update these items will not only ensure the property continues to present well but is also more likely to attract good tenants.
If you keep your Perth investment property in good condition, address maintenance when its needed, and update your fixtures and fittings when required, your property will maintain its value, will present well, and is also more likely to attract great tenants who will pay a higher rent.
If you’re unsure about the fixtures and fittings in your property, look at the entry condition report which may include notes on items you could have forgotten about. Some examples of common fixtures and fittings include electrical sockets, security systems, smoke alarms, kitchen appliances, laundry appliances, built-in wardrobes, heating and cooling systems, carpet, mirrors, and furniture (if applicable).
When your Property Manager in Perth completes an entry condition report, exit condition report and routine inspections, make sure the fixtures and fittings are checked and you’re advised of their condition. This is the best way to understand if anything at your property needs replacing.
The condition of carpets and light fittings in your investment largely depend on how old the property is and how well it has been looked after. If the carpet is beginning to look worn or showing other signs that it needs to be replaced, investigate the cost of replacing the carpet against having it professionally cleaned (though cleaning should be completed at the end of each tenancy). Expect to get between 5 and 15 years out of your carpet depending on the quality of the carpet and how much foot traffic has gone through the property.
Light fittings can last for many years in a Perth investment property. It’s when light fittings get broken or stop working that they need to be replaced. If possible, keep light fittings simple and easy for your tenants to reach for changing light globes. A trip to Bunnings or other home improvement stores will show you a great range of what’s available at all price points.
If your property has a heating and/or cooling system, make sure it is regularly serviced as this can extend the life of the system.
Owning an investment property in Perth comes with many tasks that need to be remembered. By keeping in regular contact with your Property Manager and tenants (if applicable), you’ll be able to remain proactive about keeping your property in great condition.
