The Importance of Property Maintenance in London

Maintaining your property if you are a landlord is extremely important, wherever your property is located. However, it is just as important, if not even more important if your property is located in London. Here are just a few reasons why;

1) People Expect More – London, as you will all know, is the capital city. You will probably know that the living costs in London are pretty much the highest throughout the whole country. It is for this reason that you need to make sure your property is absolutely spot on. Because the living costs are so high, and rent is so high, people will expect a lot for their money. They will not expect things to be broken and things to be falling apart and need renovation if they are paying top price for a property.

2) Competition – London is a huge city and there are millions of properties. Because there are always so many properties available for rent in the area you will need to make sure that you property stands out amongst the rest. If people come and view your property and they find that they can get a property that has been maintained to a higher standard for the same price that you are charging for your property, then they will most certainly go elsewhere. This will mean that you are left without tenants and therefore you will make no income from your property, as well as paying constant fee’s to have your property on the market, only to keep putting off your potential tenants with poorly maintained property.

3) People will sue you – If your property is poorly maintained then there may be many health hazards in your property. If one of your tenants gets injured by any of these health hazards then there is always the chance that they will sue you over it. These chances are even higher in the capital city as many people have well paid jobs. If something in your property insures these people and they are unable to work, you will be left with a huge court case and could end up losing your property and even end up in prison.

I hope this has helped you to understand the importance of proper maintenance of your property in London. Although some of the points we’ve mentioned in this article may sound scary, just remember, keep it maintained well and you won’t have any problems.

Tags: london property maintenance, property maintenance in london, why maintain a propperty