The bare trees, cold wind and beating rain can signify only one thing – winter has well and truly arrived in Australia. Though we may be spared the mountains of snow and perilous black ice that plague other countries during the cold season, we still need to ensure that our investment properties are prepared to see out the worst that winter can throw at them.
Whether you're a seasoned landlord with many years experience in the business, or a fledgling investor just starting out in this exciting sector, it can really pay to do your homework on looking after your investment property during winter. Luckily, we at Advantage Finance are on hand to help with our informative guide to maintaining your property over the winter months.
Don't wait – insulate!
Do you know how much heat is lost through the walls, ceiling and floors of your home during the winter? The numbers are astounding – some 35 per cent escapes through the ceiling, with up to 25 per cent leaving through the walls, according to Your Home. Additionally, damp air can easily find its way into a property if there are insufficient levels of insulation, so adding some is of paramount importance if you or your tenants are to keep warm – as well as cut down on both utility and maintenance bills. This could leave leave you with a little extra on the side – maybe put it towards your home loan.
Some 35 per cent of heat escapes through the ceiling, with up to 25 per cent leaving through the walls.
Have a professional inspect your investment property before insulation is added, so that they can fix up any holes, cracks and other wear and tear that may be present. This, plus quality insulation, will help ensure that you or your tenants remain toasty warm throughout the winter.
Dare to repair
It'll come as little surprise that the depths of winter can be very tough on your investment property. Relentless rain, howling winds and ice build-up can all negatively affect your home, so it's well worth your time fixing any outstanding issues as they arrive. As the old adage goes, 'a stitch in time saves nine', and you'll save no end of time, money and effort ensuring that minor problems don't become chronic ones. Be sure to replace cracked or broken tiles, and pay particular attention to your guttering. Damaged or blocked piping can lead to flooding, water damage and a whole raft of other problems, so keeping it in check is vital.
Winter windows
Some 40 per cent of a home's heat energy can escape via the windows, states the Department of Industry and Science, and the best way to keep that precious heat inside is by fitting double-glazing. These days, double-glazed windows are an inexpensive, efficient option, especially when added to timber frames, as the wood does not conduct heat, keeping everyone snug!
Contact the expert team at Advantage Finance to discover more about your investment home loan options.
