As rising mortgage interest rates continue to reshape the real estate landscape, many individuals are opting to stay in rental properties rather than making the leap to homeownership. This trend not only reflects a shift in buyer behavior but also highlights the importance of maintaining rental properties, especially in coastal areas where environmental factors can significantly impact property conditions.
With renters potentially staying longer than expected, it becomes crucial for property owners to ensure their coastal rentals remain in optimal condition. Here are some essential maintenance tips to keep your coastal rental properties in top shape.
Regular Inspection and Cleaning
We all want to trust our tenants, so it's easy to see why some property owners are nervous about completing inspections, but it's nothing to be nervous about. Having the house or unit inspected will give you peace of mind knowing that your investment is protected, and that you can trust the people taking care of it.
Power washing the exterior often, and having the property deep cleaned inside and out between tenants can make a massive change in how much your property is worth.
Protect Against Saltwater Damage
Water is one of the most damaging forces on Earth, and with salt, it's only more dangerous. Saltwater can break down surfaces, cause faster oxidation and deterioration, and even rot.
To protect against saltwater it's a good idea to routinely wash away salt buildup. This sounds simple, but it means washing down the entire exterior of your home to get any salt water that remains off of it. You should also invest in water resistant paints and finishes.
Maintain the Roof and Gutters
Your roof and gutters decide the health of your home more than most people know. If you're not aware of their health, your property can quickly spring leaks or flood, leading to a quick call to the fastest roofing company in your city.
Clear off your roof and gutters often, and consider installing gutter guards that will stop any leaves and debris from clogging your gutters and starting leaks in your roof.
Address Moisture and Humidity Issues
Moisture and humidity can wreak havoc on your property and the possessions of your tenants. If you want renters to choose long well-paying leases with you, then you have to show that you're willing to protect their belongings and health.
Moisture affects more than just the interior of your home! Pay attention to the materials you use to protect your property for longer. IPE wood decking will last longer in any humidity and save you from endless stress and expenses.
Maintain Landscaping
Your landscaping is going to be different from almost anywhere else in the world. If you're on the waterfront your options are extremely limited, but going inland just a little gives you endless options.
The best bet for an attractive yard is to go with native plant life. Look for things that make sense in the city you're in since these will be attractive but need far less water and attention. The more maintenance your landscaping needs, the poorer it will look over time if you neglect it.
Prepare for Severe Weather
Weather seems to get worse every year, with longer storm seasons, rough winters, and unpredictable tides. Your property needs to be set up to defend itself against any weather. Hurricane-proof windows are a good start, but so is having enough support for your deck or patio that you never have to fear it is collapsing. Consider the weather your area sees the most, and plan for the worst it could throw at you.
Protect the Foundation
Starting with foundation waterproofing, and then working towards finishing the basement is the only way to protect your property. Your property's foundation is the only thing stopping it from sinking into the sand, or being pulled away into the ocean. Have this checked often, and look for signs of a damaged or cracked foundation any time you have an inspection of the property.
Address Pest Issues Promptly
Pest issues can be harrowing in coastal towns. On the East Coast, there's a high risk of everything from termites to raccoons burrowing into properties, which can be an exhausting uphill battle nobody wants to fight.
Talk to your clients and make it easy and fast to contact you when they notice things. Having an open line of communication will save you from the stress of only finding out when things go south.
Maintain Outdoor Areas
Having to think about concrete patio maintenance is often the last thing on your mind when you own a rental property. Set up seasonal maintenance that you follow through every year to make the exterior of your home shine.
This means sealing and finishing any wood pieces, and ensuring that the home itself is in good condition. Powerwash the salt off of anything necessary, and work to ensure your property always looks brand new.
Planning Makes Maintenance Easier
Maintenance is one of the most frustrating things about owning a rental home, but if you plan ahead and follow through, it can go by easily. Follow these steps, and check out Coastal Group Inc. for more inspiration.
Author Bio
Andrea Erickson is a freelance writer who loves sharing her knowledge and expertise in renovation and Interior Design. She lives in her hometown of Austin, Texas where she enjoys spending time with her husband and decorating with her children. Andrea’s work as a freelance writer can be found on Building Product Advisor, a construction industry resource site.