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Avoid These 3 Expensive Exterior Mistakes Property Investors Make

Home surrounded by well-maintained landscaping with a walkway leading to the front entrance.Considering the exterior as much as the interior is crucial when it comes to renting out a property. Three things to be aware of are not taking care of erosion prevention, overspending on landscaping, and failing to tell tenants about flood resources. Avoid these errors with the aid of an effective property management plan.

Lack of Communication Regarding Flooding

It’s not only a matter of accountability but also a smart financial move for property owners to educate tenants about flood resources and the importance of purchasing flood insurance for their rental property. Anywhere, including seemingly arid regions, can experience floods that can cause significant water damage. Ensuring tenants are well-informed about flood preparedness can save property owners thousands in repair costs, so it’s an advantageous situation.

Property owners should give all tenants access to useful online and community resources and consider purchasing flood insurance. Many landlord insurance policies do not cover flood damage and must be obtained separately.

Spending Too Much on Landscaping

When it comes to attracting high-quality tenants to a rental property, it’s necessary to create a visually appealing and practical outdoor environment. While investing in landscaping can enhance the overall look of the property, it’s important to find a balance. Spending excessively on intricate and high-maintenance landscaping can possibly depreciate the property and frighten potential tenants who like low-maintenance outdoor spaces.

More interest is drawn to a straightforward yet well-maintained landscape design than to a complicated and high-maintenance garden. Numerous tenants are in search of outdoor spaces that are easy to upkeep and demand minimal effort to maintain, making a simple and well-maintained landscape an appealing component for potential renters.

Failure to Employ Erosion Prevention Tactics

Regularly checking for signs of erosion about a rental property’s exterior, such as big cracks and gullies in the soil, continuous moist areas, and decaying vegetation, is a precautionary measure that can save property owners from expensive repairs.

Damage increases in expense the longer the erosion is left unchecked. Property owners can effectively prevent erosion by using proactive landscaping measures like gravel, landscape timbers, and properly fitted gutters and downspouts, thereby preserving the condition of their rental home and preventing excessive expenses.

One of the best methods for property owners to prevent costly mistakes is to have a group of industry professionals at their fingertips. Hiring a professional property management company like Real Property Management Providence in Pawtucket and the neighboring areas will guarantee that proactive property maintenance and cost-effective exterior improvements are routinely carried out. For additional details, contact us online or call 401-272-3300 to speak with our team.


Originally Published on June 28, 2019

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