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8 Best Tips to Maintain Your Property Value

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Published on February 21, 2022. EST READ TIME: 3 minutes

Buying property is a big job, maintaining one is bigger. But only when you maintain your property regularly, will it enhance the life of your property as well as its monetary value. Renovation from time to time requires effort and money that can be counted as an investment as it makes your property long-lived. You can save your hard-earned money invested in the property on its renovation, improvement, or construction by taking property insurance. Apart from maintenance, what is also crucial is saving your property from unforeseen financial losses like theft, fire, natural calamity, terror attacks, etc. From property insurance to everyday measures, in this guide, we are going to discuss different ways to maintain your property value.

8 Ways to Maintain Your Property Value

1. Regular Renovations from Experts

As far as possible, try to hire experts for maintaining the key areas of your home, like electricians for proper fixation of electrical appliances, a plumber for fitting water supply to avoid leakages, and excellent architecture to design a well-designed map. Hiring an expert with a proper certificate to practice will provide you with suggestions regarding a specific area and in case of any accidents happen. The contract can also prove helpful when you need to make a property insurance claim.

2. Smarten up the Home Upgrades

Maintenance of the residential or commercial property involves much more than repairs and cleaning. Thanks to technological advances, there are numerous options available for smarter property upgrades, which can greatly enhance the value of your property and also get you a good deal when looking for property insurance. Smart locks, security systems, remote-controlled thermostats, wi-fi doors and lights, protocol cameras etc. can be easily installed.

3. Maintenance is a big Word

Apart from damages and repair, keeping your property clean is a crucial factor in maintaining it. Cleaning equipment has evolved over the years. It becomes easy to keep your house clean to retain its original shine equipment like pressure cleaners, sweepers and polishers, and vacuum cleaners. By using these cleaning machines, you can save your costs regarding the frequent renovation.

4. Check for Damages

A stitch in time saves nine! Keep a watchful eye on wall cracks, roof leaks etc. Make sure you nip all small damages in the bud. Keep in mind that property insurance may not cover any loss that occurred due to your negligence, so you must be careful about your regular repairs and damages if found. Always keep examining the leaks of your roof-tops as it will let you be prepared for further damages and save you from severe accidents. Continuous leakage from water tanks can make the ceilings weak and increase the chances of injury that could cause by leakage.

5. Clear the Clutter

Getting rid of useless pieces of things from your home is not only helpful in maintaining peace in residents' minds and saving you from damaging your property. Excess stuff like old washing machine, useless/ unused electronics, and any extra heavy equipment that are not in use must be regularly eliminated from your home. Unorganised storerooms, basements and attics can be a real turn-off for you as well as your guests.

6. Manage the Moisture

Just like the structure, the internal moisture levels also have to be maintained. For your health safety purpose, you must keep the temperature of your air conditioner at a comfortable level. Keep in mind that excess moisture can attract insects, thus, the moisture level should be under your control so that your health cannot be affected in the long term.

7. Sweat Over the Smaller Stuff

A blocked sewer, a broken tile, a shattered window, are small issues that one may often be tempted to ignore. However, these small little things can add up to a huge factor when accessing your pro[erty value. Addressing such issues at the right time will save you from spending a fortune and save you from a lot of last-minute repair hassle.

8. Your Interior has to be Superior

The exterior of your property will surely create the first impression but don’t forget that the interiors will create a long-lasting one. The way you utilise the space, place your furniture, plan the paints etc. are small ways that greatly contribute to the bigger picture. What is also essential is keeping all these things maintained. Regular dusting, keeping the walls and structures clean, saving the furniture from scratches and scrapes are all that go into making a perfect interior.

Property Maintenance is an Ongoing Process

Maintaining a property can often seem to be an endless task. But, there’s no denying that is an essential requirement to save you and your family from the injury or death of you or your family member(s). While regular maintenance is crucial but what is equally paramount is property insurance. Property insurance can be taken to protect all the valuable assets in your property. If you plan to or already do own a house, you need to think about regular maintenance and property insurance. You do not only invest your money in a property but also your emotions are attached to it. Monetary investments can be recovered by claiming property insurance, but no insurance covers your emotional loss.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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