How Much Are Typical Maintenance Costs?

How Much Are Typical Maintenance Costs For My Investment Property?

Maintenance costs can of course vary depending on several factors.  The style of the property (conversion or new build), the age of the building/property, how well occupiers have treated the property, how pro-active managing agents have been with their own maintenance and inspections and quality of previous workmanship.

Given that the majority of our properties are relatively new, common maintenance issues tend to be;

  • Leaks – toilets, basins, taps, baths, boilers and appliances
  • Electrical faults – circuits tripping, light fittings not working
  • Boiler and cylinder breakdown
  • Kitchen appliance breakdown
  • Handles and locks

There are many maintenance issues that we will be familiar with in the apartments and buildings we manage, and where we think we might be able to resolve an issue without a contractor attending, we will do so by visiting the property ourselves, potentially saving our landlords hundreds of pounds. 

The best example of this is boiler pressure.  It is common for heating not to work when tenants turn it back on when Autumn arrives, and often, because the pressure in the system has dropped during the course of the year, the heating will not work.  This is an easy fix where plumbers are usually called out, charging anything from £180.00 just for attending.

When we do need to arrange a contactor visit, we have a small and trusted network of tradesmen who we have been using for many years.  We have been through a process of elimination over time in terms of establishing the best combination of reliability, value and competence.

White goods can be expensive to repair and replace, but we do ensure during periodic tenancy inspections, that their maintenance is being undertaken as it should be and we advise tenants on how best to do this.  It is not possible to ensure that tenants take proper care at all times of course, we rely on their willingness to do so, but we will always guide them and prompt them at relevant points during the tenancy. 

We have had many examples of properties with zero maintenance costs in a 12 month period, but of course at the other end of the scale, we have had boilers and appliances which have needed replacing in the same year.  What we can say is that we do all that we can in order to minimize, what we know is a significant cost to landlords.

Why Choose Us?

Independent, experienced and trusted. We believe, and our clients tell us, that our personal service together with decades of experience in what we do, affords both our landlords and tenants a peace of mind and reassurance that their interests are taken care of in a transparent, honest and responsible way. We have a longstanding passion for property and take care of each unit within our portfolio, as if it were our own.

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