Inspections. They can be the key between an apartment holding up in value and an apartment going down significantly in value.
For example, the average price of a two-bedroom apartment in Boise is $1,118 per month.
One way to keep the value of your apartment up is to have regular home inspections. Then, you simply need to make a home inspection checklist and go over it with your property.
What should be on your inspection checklist for your rental property? What do you need to do for your property in Idaho Falls, Idaho?
This is your guide.
The first thing that you need to do is to decide how often you are going to have a rental property inspection. Some landlords have different rules for this. However, if you have an older property, you may want to have property inspections more frequently.
Some landlords like to do one every three months, others like to do it once every six months, while some may only do it once a year. No matter what route you go here, you should get a professional home inspector to check out your property once every few years.
You will have to consider what interior items need to be inspected and what you are going to look for. One of the first things you may look for is any signs of damage caused by the tenant.
This can be anything from a blood stain on a rug to a hole in the wall, a burn mark, or even chipped furniture. At the end of the day, these items could make the value of your apartment go down if they are items that are included in your apartment. It is up to you to make sure they are in good condition.
Then, you must inspect items that could be near the end of their lifespan. An example could be the HVAC system if you have had the same one for over 10 years. Inspecting those items early enough could prevent more damage in the future.
So, most of the items you are likely going to inspect in a rental property are going to be in the interior. However, depending on your rental property, there could be things that you need to look for on the exterior as well.
An example could be if you have a house that you rent, you will need to keep an eye on the paint for the home. You could also need to keep an eye on the pipes and the roof to make sure nothing else above needs repairs.
Having a healthy front lawn could prove to be important for aesthetics as well.
Make an Inspection Checklist for Your Rental Property
These are some of the biggest things that you need to keep in mind before you make an inspection checklist for your rental property.
Primarily, you are going to be looking for any potential damage to your items caused by tenants. However, you need to keep track of longer-term issues such as an HVAC system and your pipes as well.
Do you have a property in the Idaho Falls area? Do you need help making an efficient rental property inspection list?
Message us today for our advice and tips.