Reasons to maintain

Five reasons why landlords should invest in annual maintenance contracts

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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