Do you own a development that contains vacant units? Or are you a buy-to-let landlord with a property portfolio that is experiencing void periods? If so, you’ve likely experienced the predicament of organising maintenance for your vacant property, and wondered if it is even necessary at all. The answer is yes, you do need maintenance for your vacant property, and here’s why!
You Don’t Know What You Don’t Know
Simply put, you cannot solve problems that you do not know exist. In inhabited properties, you can catch any problems early as you, or your tenant, are constantly observing the surroundings. However, in a vacant unit, any future issues will go unnoticed unless somebody is able to spot them. This is why maintenance is so important in ensuring the long-term viability of your unit. Consider how issues such as leaks, electrical faults and infestations can be exacerbated by being left to worsen over extended periods of time, which can lead to an accumulation of damage and therefore cost.
This can pertain to safety, too, with any potential break-ins being easily caught if regular check-ins are arranged. That’s why at Virtu, we offer regular inspections to ensure that your unit is secure, even when you’re not there.
Failing To Prepare Is Preparing To Fail
You’ve surely heard the adage ‘failing to prepare is preparing to fail’ in reference to exams, but it is also applicable to property maintenance. If you are looking to make your life easier in the long run, it is advised that you keep a close eye on any problem areas in your property that could cause you grief in the future. We advise that you pinpoint any issues that could worsen over time, or any areas where potential problems may arise. Consider the following:
- Perishable items that could contribute to odour and stains
- Any areas of damp that could be exacerbated by seasonal changes
- Any cracks that may worsen
- Weeds or unwanted foliage that may grow or spread
Many of our clients have vacant properties that are waiting to be purchased or rented but are uninhabited in the meantime. This is where a turnkey solution can be helpful to assist property owners and managers in the process of preparing their unit for its new inhabitants, whilst ensuring that nothing goes awry in the run-up to move-in day.
This can involve tasks such as draining down heating and hot water; switching off mains water, gas supply and electricity; recording electric, gas and water meter serial numbers and readings; changing locks; and boarding up windows.
Insurance Inspections
Homeowners have an obligation to their property insurance provider to be diligent in checking their property, even if it is uninhabited for most of the year. In fact, in the worst case scenario, typical home insurance providers will void your insurance if your home is vacant and unoccupied for substantial periods of time. Generally, standard home insurance policies will allow for a 30 or 60 day void period without impacting your coverage – please consult your insurance provider for more information.
Squatters
The ultimate fear for landlords is likely squatters, but thankfully regular maintenance visits can vastly reduce the risk of squatters inhabiting your property. Squatters will actively look for signs and signals that a property is vacant, such as dilapidations, unopened mail, or a lack of activity. Having regular maintenance and inspections is a good way to ensure that your property appears well-maintained to outsiders, therefore serving as a deterrent for potential crime.
Looking For Vacant Property Maintenance?
At Virtu, we’re here to make your life easier by helping you handle your properties and developments with ease. If you’re searching for a professional service that is able to carry out maintenance checks and works in your absence, if you’re moving away or busy with other commitments, we’d be delighted to hear from you. Contact us via the form below and one of our expert team will be in contact with you as soon as possible: