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6 Reasons Why Property Inspections Are a Must for South Devon Landlords

inspections

6 Reasons Why South Devon Landlords Shouldn’t Get Lax with Inspections 

In this three-minute read, we look at why regular inspections should be central to your property management strategy.

When you’re a busy landlord juggling a multitude of responsibilities, it’s easy to let a crucial part of managing a property – regular inspections – slide.

Landlords usually carry out inspections with clockwork regularity at the start of a tenancy, but things can get a little lax over time.

Perhaps the tenant presents as a model citizen, and the landlord develops a false sense of security. (To which we say, remember Walter White, the unassuming science teacher turned crystal meth baron in the TV series Breaking Bad.)

Or maybe, the tenant pays their rent on time and never says a peep, so the landlord assumes that everything is ticking along nicely (silence is golden, right?).

No matter how much you like your tenant or how busy you are with other commitments, never skip or delay a property inspection. They are one of the best ways to protect your investment – and head off disaster.

Here are six reasons why South Devon landlords should carry out regular inspections.

  • Maintenance

It’s easier (and cheaper) to rectify a minor maintenance issue than a major one. A tenant may not mention a leaky tap or a little bit of damp, but these problems can morph into expensive repair jobs if left unresolved. It’s also essential that you check that carbon monoxide monitors and smoke alarms are working.

  • Paper trail

The photographs and notes you take during each inspection (yes, you should be doing this) create a valuable paper trail. If there is a dispute at a later date, you’ll have evidence to support your side of the story.

  • Build rapport

If your tenants find you approachable, they’ll be more likely to let you know when there is an issue and treat your property respectfully.

  • Contractual obligations

It’s important to know that your tenants are complying with their contract and haven’t sublet the property or sneakily adopted a pack of Great Danes.

  • Spot illegal activities

With regular inspections, you can ensure your property isn’t being misused by a criminal gang. We know this sounds far-fetched, but gangs – particularly those involved in cannabis production – are becoming increasingly brazen. Trust us, the last thing you want is a police cordon and Sky News reporter outside your property.

  • Insurance disputes

Many insurers won’t pay out on a major claim if the landlord hasn’t conducted regular inspections. They argue that by neglecting to visit the property, the landlord has not been vigilant and has therefore invalidated the policy. Whatever you make of this justification, cover yourself, so you don’t wind up out of pocket.

For advice about our property management services, please contact us here at Chamberlains.

 

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How the UK Shapes Up to Europe in the Property Game

europe

How Homes in the UK Compare to Their European Rivals

A two-minute read looking at the price of property across our continent.

The month-long football festival AKA the Euros 2021 kicked off at the weekend.

And the home nations of England, Scotland, and Wales are all competing to win the crown of the best national side in Europe.

A win for England would be priceless, and we thought it might be a bit of fun to look at how property prices compare across the continent.

So, we jumped on Google to see what the average prices for a place to call home are in the following eight countries taking part in the 24-nation tournament. (Stats taken from 2020 – 2021 unless noted.)

England – £268,000

Wales – £178,907

Scotland – £164,099

France – £200,241

Across other parts of Europe, the focus is on the average price based on a square metre of the property.

Germany – £2,922 – per square metre (psm)

Portugal – £964 – psm

Spain – £2,071 – psm (based on new build properties)

Switzerland – £5,078 – psm

To give you a comparison, the average price psm across England and Wales was £2,954 (Jan 2021) and in Scotland £1,579 (2018).

And just like star footballers, the average values depend on how in-demand the areas are.

The cost of properties in many of the above countries is much higher in cities and areas where people buy holiday / second homes.

At Chamberlains, we can’t predict with any guarantee who will win the Euros when it concludes at Wembley Stadium on 11 July, but we can guarantee you a champion level of service if you choose us to help with your move.