No matter the reason you've decided to rent your home out to tenants, there are some benefits to look forward to, such as the ability to write a few things off during tax time including the cost of insurance and repairs. But to make sure that those benefits aren't cancelled out by wear and tear throughout the years, it's a good idea to implement a few protections before putting your home on the market. Consider these ideas:
Invest in Drain Cleaning Services
Clogged drains put a lot of strain on your water system and your pipes, which may result in some serious problems to deal with (think leaks or even busted pipes) before all is said and done. And clogged pipes can also result in increased water costs because more water has to be used to push its way through the pipes than when they're free of debris.
Pipes that are clogged can also more easily succumb to wear and tear due to cold weather during the winter months. Having the drains scrubbed clean before new tenants move in helps to ensure that the plumbing system can perform without any pressure, and that the risk of damage or breakage is minimized. Click here for more information about drain cleaning services in your area.
Add a Little Extra Insulation
Without plenty of insulation, your home can easily succumb to mold, mildew, and moisture damage. In addition to making sure that the attic and basement is insulated, you can also:
- Use weather stripping in all doors that lead to the exterior.
- Apply spray foam insulation around the frames of each window.
- Install insulation film on the windows.
- Incorporate honeycomb shades in front of any windows that get direct sunlight during the day.
Proper home insulation will not only help to protect your home from wear and tear, it will also help to keep your tenants comfortable while they're spending time indoors and minimize their monthly energy bills all year long.
Install a Security System
A security system is the perfect way to make your tenants feel safe while living in your home and help to protect your investments (such as large appliances) from vandalism and theft. It's important to have the recording devices installed so that they are not noticed, although you'll need to let your tenants know where they are to avoid any liabilities.
Paying for a monthly monitoring service is an efficient way to ensure that the home is always protected whether someone is there or not. And like many services, you can simply factor the monitoring costs into the monthly rental price you are charging your tenants.
Take out the Carpeting
Carpet can be a disaster when it comes to renting out your home because most people are not going to care for the place as well as you would, simply because they aren't the proud owners. Bacteria, mold, and mildew typically lurks in stained and dirty carpeting. It can be costly to maintain due to the need for deep cleanings and repairs. It's best to simply take the carpeting out and replace it with a more user-friendly option such as:
If it is not possible to replace all of the carpeting in the home, it can be helpful to use plastic runners in the rooms that have a lot of foot traffic. They are easy to keep clean, and they'll intercept spills and other accidents that might be presented. Provide the plastic runners needed upon move-in, and then require your tenants to keep them in place and maintain them as part of the rental agreement.
These are all easy ways to protect your home, and some of them (like updating the flooring) may even increase the value of your home overall which can be factored into the rental cost you charge your tenants.