There's no escaping it – the chill has arrived. With the leaves falling and temperatures dropping, it's the perfect time to start getting your residential investment property ready for the winter months. Whether you're on the look out for a new home to add to your portfolio, or focussing on getting the most from your current one, making sure everything's in tip top shape for the upcoming polar blast is actually very important. After all, a warm, dry rental is an attractive one at this time of the year!
Check the insulation
It's amazing how much precious heat is lost through the walls, ceilings and floors, especially in older homes. Not only that, but damp air can make it's way into the property – and that could cause bigger problems further down the line. So how can you get the house feeling toasty and cut down on ongoing maintenance bills? Proper insulation is key. You can easily top up the existing insulation, or invest a bit more money and effort into a whole new set.
This means checking for cracks, holes and damage, too. Properties wear out over time, so it's important to inspect the building every few months or so. Your tenants will appreciate a warm, dry home – and will be much more likely to stick around for a longer period of time if you're on top of things.
Have a think about strategy
Time seems to be flying by! Winter marks the halfway point in the year, so it's a great time to review your long-term goals and strategy for the future. This might mean taking stock of your finances and identifying areas for improvement, or discussing what you want to achieve throughout the rest of the year. Whatever your ambitions, property investment advice from an Authorised Financial Adviser like us here at Goodlife can help you achieve them.
Here's to your financial independence!
Authorised Financial Adviser / Investment Property Expert
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