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Avoid These 3 Expensive Exterior Mistakes Property Investors Make

Home surrounded by well-maintained landscaping with a walkway leading to the front entrance.When renting out a property, it is essential to pay as much attention to the exterior as you do to the interior. Steer clear of these three pitfalls: spending an excessive amount on landscaping, neglecting erosion prevention measures, and failing to tell tenants about flood resources. In order to circumvent these mistakes, it is crucial to have a solid property management plan.

Lack of Communication Regarding Flooding

In addition to being a matter of responsibility and a smart financial move, property owners should also educate tenants about flood resources and the importance of purchasing flood insurance for their rental property. Even arid locations are susceptible to floods, which can result in significant water damage. Guaranteeing that tenants are well-informed about flood preparedness can help property owners save thousands in repair costs. It is a mutually beneficial condition for all parties involved.

Property owners should consider purchasing flood insurance and guarantee that all their tenants have access to useful online and community resources. Numerous landlord insurance policies do not include flood damage, so it is advisable to obtain it separately.

Spending Too Much on Landscaping

When it comes to attracting high-quality tenants to a rental property, it’s crucial to provide an aesthetically appealing and practical outdoor environment. Finding a balance is necessary, even though investing in landscaping is an excellent approach to boosting the property’s curb appeal. If you invest excessive funds in intricate and high-maintenance landscaping, the property’s value could decrease, and you might lose potential tenants who want low-maintenance outdoor spaces.

Intricate gardens that require a lot of work from their owners are less attractive for some individuals than ones with simple and well-maintained landscape designs. A simple and well-maintained landscape is alluring to potential renters since numerous tenants are searching for outdoor spaces that are easy to upkeep and need minimal effort to maintain.

Failure to Employ Erosion Prevention Tactics

Regularly checking for signs of erosion around a rental property’s exterior, such as big cracks and gullies in the soil, continuous wet areas, and wilting plants, is an early intervention that can save property owners from expensive repairs.

The cost of fixing erosion-related damage increases if the erosion is left unchecked for a long period. Property owners can easily prevent erosion by utilizing proactive landscaping measures like gravel, landscape timbers, and properly placed gutters and downspouts, thereby maintaining the condition of their rental home and evading unnecessary costs.

One of the excellent approaches for property owners to prevent costly mistakes is to assemble a team of industry professionals to assist them. When you work with a professional property management company like Real Property Management Reliance in Salem and nearby, you can rest assured that preventive property maintenance and cost-effective exterior improvements are regularly completed. To obtain further information, contact us online or call 978-998-8114 to speak with our team.

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