There are many thousands of properties on the rental market that are not covered by Annual Maintenance Contracts (AMCs).
Some landlords consider AMCs purely as a business expense, but as Zohaib Azhar, head of operations, at leading home maintenance specialist Hitches & Glitches explains, this can prove to be a false economy, in more ways than one.
Here’s five reasons why.
1 Enhancing the value of an investment property
Let’s start with an obvious benefit. Regular preventative maintenance will enhance the value of a property. If left unattended, A/C problems, water leaks, blocked drains and electrical outages can overtime damage and or stain, flooring, walls, doorframes, sockets, as well as creating mildew and unpleasant odours.
According to international research data, a well-maintained property can be worth up to 20% more than a property that has been poorly maintained and presented. The absence of a proper preventative maintenance plan can potentially reduce its value by a huge margin.
2 Maximising rental income & reputation as a ‘responsible’ landlord
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