In 2018, there were over 500 luxury apartment building in progress in central and western London. While this may not address all the housing needs in this international city, it does address the needs of its high-end inhabitants.
Amenities may have attracted individuals to your building, but more than simple maintenance is needed to keep them.
Read on to learn more about the ultimate building maintenance checklist.
The Ultimate Building Maintenance Checklist
This checklist has 3 parts and has all the details to keep high-end tenants happy.
Maintenance Required by Law or For Safety
Update Building Exteriors
These items should be serviced and inspected annually by the fire department and or a structural engineer.
Common but Often Overlooked Maintenance and Repairs
These maintenance tasks may seem common, if left undone they will overshadow other building upgrades.
Paint Common Areas
This should be done every 5 years when paint chips, appears to be worn or has lost its luster.
Replace Carpeting in Common Areas
After 5 years carpet will dull and start to unravel, replace it before it gets to this point.
Clean the Windows
This is a seasonal task that will keep your building sparkling.
Upholstery should be cleaned on a schedule and inspected regularly to ensure stains are not present.
Clean & Inspect Gutters
Downspouts and gutters need to be maintained at least twice a year. If you have water-related features, they should be visually inspected regularly and serviced twice a year.
Service HVAC & Plumbing
Annually check and repair furnaces, air conditioning systems, and plumbing.
Maintenance and Upgrades for High-End Buildings
These maintenance and upgrades will keep your luxury tenants engaged in your property.
Choose New Lobby Floors
While stone or wood floors will last almost 30 years if properly maintained, consider replacing lobby floors to match existing interior design trends. This helps to keep your building relevant in a competitive market.
Update Light Fixtures and Upholstery
Bulbs should be replaced regularly and replaced when they go out. However, if you also replace the fixtures to keep your building on-trend you will add to its allure.
The same is true for upholstery, while it may still be in good condition if it isn't following the current trends, it will leave you tenants wanting more.
Curb appeal is important. Look for eye-popping ways seasonally update landscape.
Consider consultants to help you stay updated on the latest technology for internet, building, and individual flats. Video monitoring of the front door, by individual units, adds a level of sophistication high-end clients welcome.
Looking for the Most Knowledgeable Property Maintenance Managers in London?
Obviously, there is more to any building maintenance checklist. But, we hope you will get a pattern from ours that caters specifically to high-end luxury living. We would love to hear from you, comment below.
5 Undeniable Benefits of Hiring A Property Maintenance Company. We have outlined the proven benefits of hiring a property maintenance company in 2019! We are here to help. Learn why you need a professional today!
Are you looking to own an income producing property? If so, you might want to consider using a property maintenance company to help take some responsibilities off your plate.
A professional can help make managing property easier for you and can provide you with many benefits.
Here are 5 undeniable benefits of hiring property maintenance companies.
1. Point of Contact
One of the most attractive benefits of investing in a property maintenance company is that they serve as the first point of contact for your tenants.
Any complaints or problems can go through your maintenance manager instead of you always having to rush over to the property to take care of things.
The maintenance manager can be responsible for being available in order to arrange service providers to repair any problems that may arise.
2. Less Legal Concern
Professional rental property maintenance managers have the expertise necessary to help ensure that you don't run into problematic legal concerns and potential lawsuits.
They will have a working understanding of your area's laws of how to deal with everything in a calm and legal manner to hopefully avoid any problems.
If there is a legal problem and your property maintenance manager can handle it, you can end up saving money from having a complicated legal battle.
3. Property Maintenance Companies Get Quality Tenants
Part of property maintenance and management is to screen all potential tenants who want to live in your properties.
A professional property management and maintenance company will have the experience to properly navigate the complex process of screening potential tenants. This includes quickly spotting the red flags that indicate "problem tenants".
This service is important because it helps you make sure that you have reliable tenants who will pay rent on time and not be troublesome for you.
4. Rent Collection
If you have multiple income producing properties or if you have other work responsibilities, collecting rent can be difficult.
A benefit of using a property management company is having someone who is responsible for collecting the rent from tenants every month. They are also the people who will take the necessary steps if tenants fail to pay rent.
The property manager will also be able to send out eviction notices if that becomes necessary.
5. Having Long-Term Tenants
A successful rental property will have long-term tenants who rent year after year.
If your property doesn't have great maintenance, there is a higher chance that your tenants won't want to keep their lease after it ends. When tenants don't stick around, there becomes the opportunity to have lost rental income in-between renters.
Not to mention all the money it costs to market the property, screen tenants, and get all the paperwork complete. This won't be an issue if you have happy tenants who choose to stay renting with you.
Less Stress and Headache
Property maintenance companies are there to make your life easier. The benefits you get from utilising their services mean less stress directly on you as the owner and less time spent working on the properties.
Lee West is a property maintenance expert and a refurbishment specialist. Check out these other articles for more great property management tips.
Lee West has a wealth of experience managing and refurbishing high class properties in London. He has been the lead contractor in many prestigious buildings such as Buckingham Palace, Clarence House, Chelsea Royal Free Hospital, House of Parliament, Kew Gardens and many more.