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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.When it comes to renting out a property, it’s vital to treat both interior and exterior aspects equally. Three important things to be mindful of are neglecting to tell tenants about flood resources, excessively investing in landscaping, and not taking care of erosion prevention. An excellent property management plan can assist you in steering clear of these errors.

Lack of Communication Regarding Flooding

It’s not just an act of duty 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. Floods can occur in any location, even in almost dry areas, and may bring about significant water damage. Property owners can save thousands in repair costs by guaranteeing tenants are well-informed about flood preparedness, creating a mutually beneficial situation.

It is advisable for property owners to distribute useful online and community resources to all tenants and consider purchasing flood insurance. A lot of landlord insurance policies do provide coverage for flood damage, necessitating the acquisition of separate policies.

Spending Too Much on Landscaping

When it comes to attracting high-quality tenants to a rental property, it’s essential to establish a visually appealing and practical outdoor environment. Although investing in landscaping can greatly improve the appearance of a property, it’s crucial to find a balance. Investing too much in intricate and high-maintenance landscaping can potentially diminish the property’s value and discourage potential tenants who opt for low-maintenance outdoor spaces.

A simple yet well-maintained landscape design tends to generate more interest compared to a complex and high-maintenance garden. Numerous tenants seek outdoor spaces that are easy to upkeep and demand minimal effort to maintain, making a simple and well-maintained landscape a key attribute for potential renters.

Failure to Employ Erosion Prevention Tactics

Regularly checking for signs of erosion around a rental property’s exterior, such as large cracks and gullies in the soil, constant wet spots, and dying plants, is a proactive strategy that can save property owners from expensive repairs.

When erosion is left unchecked for an extended period, the resulting damage becomes increasingly expensive. By implementing proactive landscaping measures like gravel, landscape timbers, and well-installed gutters and downspouts, property owners can prevent erosion. This will help maintain the condition of their rental home and steer clear of unnecessary costs.

One of the most effective strategies for property owners to prevent costly mistakes is to assemble a team of industry professionals. When you decide to employ professional property management company like Real Property Management Viking in Minnetonka and the neighboring areas, you can have peace of mind knowing that they will regularly perform proactive property upkeep and cost-effective exterior improvements. To obtain further information, please contact us online or give our team a call at 612-230-3953.

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