Purchasing a property is often the most expensive asset that many people will invest in.  It provides the possibility of long-term wealth and financial security.  However, like any investment, you want to ensure that it is well-maintained and appreciating in value rather than depreciating.

When purchasing a car you invest in ongoing maintenance, upkeep, replacement of items and regular cleaning, which is no different from owning an investment property – if not more important.  We encourage you to take a moment to tick-off your annual maintenance checks below:

  • pool fence compliance
  • smoke alarm compliance
  • safety switch compliance
  • termite inspection and act on any advice
  • building inspection and act on any advice given
  • plumbing audit to all internal/external taps/hot water system, etc. to ensure that all plumbing is in good working order, which can prevent costly call out fees
  • electrical audit to all light switches, power points, stoves, etc. to ensure the safety of all tenants and to prevent costly call out fees or a liability claim
  • clean gutters and consider installing gutter guard
  • maintain fences and other outdoor improvements
  • ensure that exhaust fans are installed in kitchens and bathrooms reducing the possibility of mould
  • ensure that there are door stoppers behind all doors to prevent damage to walls
  • re-grout tiles in bathrooms and kitchens every 3-5 years
  • paint internally every 5-7 years
  • replace floor coverings every 7-8 years
  • replace window coverings every 5-6 years
  • rejuvenate kitchens every 5-6 years
  • replace stoves/ovens as required
  • upgrade the security features of the property such as security screens
  • keep gardens basic and easy to maintain
  • remove trees that cause mess or potential safety risks
  • pressure wash pathways/driveways
  • pressure wash or paint externally when required to maintain the property’s appearance