Three Costly Mistakes West Point Property Investors Make with Exteriors

One of the most prominent features of the overall appeal is the rental property’s exterior. Which is why it is crucial to make only the best decisions regarding the outside of your rental property in West Point; what goes on the outside is just as important as what goes on the inside. Amongst all the factors in a rental home that need to be repaired and maintained, these three items we listed below could wind up creating costly mistakes: not guiding tenants about flood resources and purchasing flood insurance, spending too much on landscaping, and failing to perform erosion prevention tasks are all costly mistakes that property owners can easily avoid with the right property management plan.

1.      Lack of Communication Regarding Flooding

Possibly the most detrimental mistake a property owner can make is not informing tenants about flood resources and purchasing flood insurance for their rental property. Floods can occur anywhere in the country, even in dry climates. Storms, broken pipes, and other events can give rise to severe home water damage. Assisting tenants and educating them, so they know what to do in the event of a flood is a significant first step in averting such a costly hazard.

There are beneficial resources online and in your local community that should be disseminated to all tenants. Another vital thing that property owners can do to avoid costly mistakes is to acquire flood insurance. Many landlord insurance policies do not include coverage for flood damage; flood insurance must typically be purchased separately.

2.      Spending Too Much on Landscaping

Having a visually good-looking landscape is one great strategy to draw quality tenants and lure them into a rental home. Nevertheless spending excessively on elaborate landscaping can bring about a negative effect on both a rental home’s value and ability to draw in prospective tenants. Some property owners falsely presume that when it comes to landscaping, more is always better. But many tenants don’t want to undertake the amount of work that is required in maintaining an elaborately landscaped yard. In the case of rental homes, simple and attractive is far better than a showcase garden.

3.      Failure to Employ Erosion Prevention Tactics

Carrying out routine checks for signs of erosion around a rental property’s exterior for large cracks and gullies in the soil, wet spots that never seem to dry, and dying plants or brown spots can all be signs that erosion is causing damage to a rental property’s yard. The more time the erosion goes unchecked, the more expensive the damage will be to repair. By means of proactive landscaping, such as gravel, landscape timbers, and properly installed gutters and downspouts, a rental property owner can better avoid expensive repairs and keep their West Point rental home in good condition year after year.

One of the best defenses that property owners have against costly mistakes is knowledge and prevention. When you partner with a professional property management company, you have a team of industry professionals on your side, making sure that proactive property maintenance and cost-effective exterior improvements are taking place on a regular basis. Real Property Management Northern Utah has the management plan you need to keep your property values high and your rental home profitable. For more information, contact us online or call 801-546-1770 to speak with someone in the office.