• Buying property is a significant task, but maintaining it is an even greater one. However, only by regularly maintaining your property can you improve both its lifespan and its monetary worth. Periodic renovations require effort and finances that can be seen as an investment since they prolong the life of your property. You can safeguard your hard-earned investment in the property regarding renovations, improvements, or construction by obtaining property insurance. Besides maintenance, it is also important to protect your property from unexpected financial losses such as theft, fire, natural disasters, terrorism, etc. From property insurance to daily practices, this guide will cover various methods to preserve your property value.

8 Ways to Maintain Your Property Value

1. Regular Renovations from Experts
   Whenever possible, attempt to hire professionals for upkeep of critical areas in your home, such as electricians for the proper installation of electrical devices, a plumber for arranging water supply to prevent leakages, and skilled architects to create a well-thought-out layout. Engaging an expert with the appropriate certification will offer you guidance in a specific domain and in the event of any incidents. The contract can also be beneficial when you need to file a property insurance claim.
   
2. Smarten up the Home Upgrades
   Managing residential or commercial properties includes much more than just repairs and cleaning. With technological advancements, there are many options for smarter property upgrades that can significantly increase your property’s value and help you secure a better deal when seeking property insurance. Smart locks, security systems, remote-controlled thermostats, wifi-enabled doors and lights, and protocol cameras can be easily installed.
   
3. Maintenance is a big Word
   In addition to repairs and damage control, keeping your property tidy is a vital component of maintenance. Cleaning technology has advanced over the years. It has become simpler to maintain your home’s cleanliness and restore its original luster with equipment like pressure washers, sweepers, polishers, and vacuum cleaners. Utilizing these cleaning devices can help you save costs related to frequent renovations.
   
4. Check for Damages
   A stitch in time saves nine! Pay close attention to wall fissures, rooftop leaks, etc. Make sure to address all minor damages promptly. Remember that property insurance may not cover losses that arise from your negligence, so you need to be diligent about your routine repairs and any identified damages. Continuously inspect your rooftops for leaks, as this will prepare you for future issues and protect you from serious accidents. Persistent leaks from water tanks can weaken ceilings and raise the risk of injuries caused by those leaks.
   
5. Clear the Clutter
   Removing unnecessary items from your home is not only beneficial for preserving tranquility in residents’ minds but also protects your property from damage. Items like an old washing machine, unnecessary electronics, and any bulky equipment that are not in use should be routinely cleared from your home. Disorganized storerooms, basements, and attics can be off-putting for both you and your visitors.
   
6. Control the Moisture
   Similarly to the structure, the internal moisture levels must also be regulated. For your health’s safety, you should maintain your air conditioner’s temperature at a comfortable setting. Remember that excess moisture can draw in insects, so the moisture level should be managed to ensure your health is not compromised in the long run.
   
7. Focus on the Minor Issues
   A clogged sewer, a damaged tile, a broken window are minor problems that one might often feel inclined to overlook. Nonetheless, these minor issues can accumulate to significantly affect your property’s value. Tackling these concerns promptly will help you avoid spending a lot of money and reduce the stress of last-minute repairs.
   
8. Your Interior Needs to Be Excellent
   While the exterior of your property undoubtedly creates the first impression, do not underestimate that the interiors leave a lasting one. How you arrange the space, position your furniture, and plan the colors are small details that contribute greatly to the overall effect. It is also vital to keep all these elements well-maintained. Regularly dusting, ensuring the walls and structures are clean, and protecting the furniture from scratches and dents all contribute to achieving a perfect interior.

Property Maintenance is a Continuous Endeavor

• Managing a property may often feel like a never-ending chore. However, it’s undeniable that it’s an essential necessity to protect you and your family from the risk of injury or death to you or your loved ones. While ongoing maintenance is important, having property insurance is equally critical. Property insurance can be obtained to safeguard all the valuable assets within your property. If you intend to, or already do, own a house, you need to consider regular maintenance and property insurance. You invest not just your money in a property but also your emotions. Financial investments can be recouped through property insurance claims, but no policy compensates for your emotional losses.

Disclaimer:

• The above information is for illustrative purposes only. For more details, please review policy wordings and prospectus before making a purchase decision.