Sep 20 2008
Preventive maintenance the key to long term profits
Perhaps one of the most forgotten aspects of vacation home ownership is preventive maintenance. Preventive maintenance can take many forms, from simple replacement of silverware to proactively purchasing a new roof or siding.
It is hard to determine how much money is saved through preventive maintenance put over the life of vacation home ownership but it can be significant. Even the minorest of problems properly addressed early can save untolds amount down the line.
There are several times a year when it can be easiest to perform maintenance. Spending a couple days in the spring before the season begins can save your first guests any discomfort. Repeat guests are definitely a cornerstone of maximizing yout home’s profits. A couple days prior to the season allows you to catch anything minor or major, plan any projects you need to do or have done. It also is a great time to get estimmates for any work that you notice needs to be done.
The fall offers a excellent opportunity to address any issues your home may have suffered from being rented all season. Often minor repairs and upkeep will prevent anything major from happening. Often minor painting or spackling may be needed. If you are going to address any major projects often the fall is the best time. You have the longest period of low rents.
Keeping up with a year round maintenance plan can be difficult but the long term financial rewards from keeping up make it worthwhile. Spend the time and money now, and enjoy more money in the end. Doesn’t get any simpler.
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