Increase in Rental Income

Property investment is considered as one a long-term investment. Usually, this grows with time and gives a good return. But we have to remember that property value appreciates when it is taken care of properly. This will require your time, money and dedication to take care of small maintenance work on a periodic basis to avoid expensive and major repairs in the long run.

In India majority of people own apartments where external maintenance is taken care of by the society. It is the owner’s responsibility to take care of internal maintenance work.

If you don’t have time to dedicate than you can hire a property management company who can help you with regular inspection and maintenance services.

Considering weather condition, construction quality, aging and usage of the property if you take small measures to maintain your property it will help you in a long run.

This will help you to increase your rental income by 50% and also enjoying a benefit of property value appreciation.

  • Regular cleaning – It is recommended to get a cleaning done once your tenant vacant your property. Usually once in 3 years get your property cleaned by using professional cleaning services.
  • Periodic painting – It is very usual in India that due to weather conditions cracks develop very easily on the concrete walls. It is better to take care of these cracks at an early stage with periodic maintenance. 
  • Pest control – Termite, cockroach and insect problems are very common in India. There are many options available depending on your choice. You can use chemical based or organic based pest treatment to protect your property.
  • Small repairs – Replace pipes, taps, rusted and rotten parts, wiring to avoid any major damage. Get your fans, AC, water heater, water filter servicing as required and recommended by manufacturers.
  • Leaks and Seepage control – Take care of leaks and seepage problems by doing waterproofing treatment or consulting an export before it gets out of control and you end up paying huge money.

 

If you keep your property unmaintained then you may come across following problems for example

  • Raise in rental income may be low compared to well-maintained property
  • Delay in renting due to bad condition
  • Property may remain vacant for a long time and you will lose money
  • Challenges in selling the property
  • Repairs will be very expensive compared to early-stage repairs.

 

We took examples and tried to work out the benefits of regular maintenance vs doing a maintenance after 10 years.  Our model below shows clearly that the benefit adds up over the years and results in a 50% benefit over a 10-year time span.   

Ghar Befikar performs a periodic inspection of the property, provides a very detailed report with all maintenance work and photos. We encourage our customers to get the repair work done as early as possible to avoid expensive repairs later. We have our team who can do maintenance work for you. We provide end to end solution to keep our customers worry-free and increase the lifetime value of your property.
 

For more details please contact us.  

Visit our website www.gharbefikar.com

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