Why Should You Get a Home Inspection?

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Have you ever heard about getting an inspection for your rental property? Why would you need a new inspection on a home that you already own?

If you have a chance to get ahead of issues before they become a big problem, you can save a lot of money. In addition, turning over your home to rental tenants means you are offering value in exchange for their consistent rental payments. Represent that value by knowing that the house is in good shape.

Make room in your budget for potential repairs on your rental property, including the following:

  • A New Roof: If your roof is more than 20 years old, it may be time to replace it. Get an inspection to look for storm damage. Your roof replacement could be covered by insurance.
  • Energy-Efficient Windows: Old drafty windows will increase the energy bills each month. Even if your tenants pay the power bill, they may start to look elsewhere if the costs are significantly higher than other homes. Replacing windows can save a lot of money each month.
  • New HVAC System: If there are signs of the air conditioning unit going out, it’s time to start saving. You cannot expect someone to live in your home without a working HVAC system.
  • Replacement Appliances: Dishwashers, refrigerators, and ovens can all add up as they break down one after another. Let the inspector give you a heads-up on what needs a maintenance checkup before starting your rental agreement.

An inspection will give you a heads-up on all of these issues so you know what to fit into your budget. For example, fix a roof before it becomes a leaky mess, and you have to replace flooring and drywall and pay for mold remediation. Also, when you have a good snapshot of the home’s condition, you will have more patience as tenant complaints come in.

If you are in the Temecula area, contact our team for tips about managing rental properties. You can contact me through text, email, or phone at (951) 473-0390 or [email protected]. We want you to experience the biggest bang for your buck with your rental property.