Reasons to maintain

Five reasons why landlords should invest in annual maintenance contracts

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