Having residential or commercial properties helps build assets that gain value over time. Whether you get a primary residence, part-time holiday home, or a full-time letting with the help of estate agents in East London, protecting the property’s value is wise.
However, there are times when the rental property is vacant. It could be because of short-term between tenancies or longer term, such as planned renovations that are easier without a tenant; the downside is that when a property is empty, it becomes a lot more vulnerable. For example, there could be water leaks or damage from weather cadences that could go unnoticed until your next inspection.
Since a poorly managed empty property can quickly depreciate not only in value but also in condition, Barrain Property Advisors, your best estate agent in London, gives you some helpful tips to protect your vacant property.
Keep Your Insurer Updated
Few of the insurance policies cover a vacant property for up to 30 days. Therefore, you should contact your insurer as soon as you know your property will be empty for some time. It is important since, in case you fail to do so, you won’t be able to make a claim as you could find that your policy has become void.
Once you have informed your insurer, you will be advised accordingly of the steps you should take to make sure the policy remains valid. This includes advising you on switching off certain appliances or closing valves and when you need to switch to specific unoccupied property insurance.
Check Your Property Regularly
Making regular visits to your property for checks is essential to make sure it is in good condition. Lock the windows and doors properly so that when you arrive, you know there are no signs of forced entry. Check for dampness and leave the windows open for a while to let the air circulate. You can also place a couple of internal lamps on timers that can go on and off at different times. When your
East London estate agents find you a property, do look at the surroundings that will help you better prepare for protecting your property when you are not present.
Keep the Property Clean and Clear
Despite the reason for your property being empty, you have to make sure it is clean. You can hire professional cleaning services to get rid of any traces of surface mold, make sure that your fittings are clean, and your property has a fresh and sparkling look. In case the tenants have left recently, make sure the rubbish is removed as soon as possible so that the place does not turn into a magnet for fly-tippers.
Keep Your Agent Informed
You must also keep your real estate agent in London informed, so you are quickly secured a tenancy. People are letting fast these days. Your estate agent can help you find the right tenant that will keep your property occupied at a fine price. Also, the real estate agency in London that you are in contact with can keep an eye on your property for you. They can keep the place managed and find you a tenant on time.
Follow these tips to keep your vacant property safe and as good as new. Your property is an asset that is worth protecting!
