As winter approaches, it's essential to get some key jobs done to ensure your investment property is prepared for the cooler months ahead. The season brings cooler temperatures, increased moisture, and stronger winds, all of which can pose risks to your property. Keep reading below for a guide to the top things you should do to prepare your investment property for winter.
Windows are significant areas of heat loss in any property, accounting for up to 40% of warmth that may escape. In the months leading up to winter, check that all windows in your property close properly. Properly sealed windows not only enhance security but also help tenants save on heating bills. If there's any damage to window seals or weather stripping, consider hiring a professional to repair or replace them.
With the increased use of heating systems and clothes dryers during winter, it's crucial to ensure that smoke alarms and carbon monoxide detectors are in good working condition. Regulations regarding the installation and maintenance of these devices vary by jurisdiction, but generally, they should be tested at least annually.
Properties equipped with split-system air conditioning units often rely on them for heating during winter. Scheduling a maintenance service to clean the units and ensure that filters are free from debris can keep everything in good working condition and make a tenant’s heating and cooling more efficient.
Winter conditions can lead to increased moisture and the potential for mould growth, particularly in damp areas like bathrooms, kitchens and laundries. Adequate ventilation is essential to prevent mould problems. Install exhaust fans in rooms without windows and encourage tenants to open windows and doors regularly to promote air circulation. Even if it’s just for a short time on cooler days, having fresh air circulate through your properties can help to prevent moisture build-up.
Before winter sets in, clearing gutters of any debris that may have accumulated during the summer months is essential. Blocked gutters can prevent proper rainwater drainage, leading to leaks and flooding. Consider hiring a professional recommended by your property manager to thoroughly clean and inspect all gutters at your property.
The cooler months are a great time for cosying up indoors, but adequately preparing your investment property is vital. Taking proactive measures now will maintain your property's condition throughout winter and ensure the health and comfort of your tenants.
Remember, this article is general in nature and is not financial or legal advice. Please consult your professional financial and legal advisors before making any decisions for yourself.
