How to Handle Property Maintenance and Upkeep for Inherited Homes
Inheriting a home comes with both emotional and financial responsibilities. While the property may hold sentimental value, maintaining it can be a daunting task, especially if you live far away or are unfamiliar with the upkeep involved. Proper maintenance is crucial to preserving the home’s value and ensuring it remains in good condition. This guide will help you understand how to handle property maintenance and upkeep for an inherited home.
Understanding the Condition of the Inherited Property
Conduct a Thorough Inspection
The first step in managing an inherited property is to conduct a thorough inspection. This will help you identify any immediate repairs needed and understand the overall condition of the home.
• Hire a Professional Inspector: If you’re unsure of what to look for, consider hiring a professional home inspector. They can provide a detailed report on the property’s structural integrity, electrical systems, plumbing, and more.
• Check for Deferred Maintenance: In many cases, inherited properties may have been neglected for some time. Look for signs of deferred maintenance, such as peeling paint, leaks, or outdated electrical systems.
Create a Maintenance Plan
Once you have a clear understanding of the property’s condition, create a maintenance plan. This plan should outline both immediate repairs and ongoing upkeep tasks to keep the property in good condition.
Immediate Repairs and Safety Concerns
Address Safety Issues First
Safety should be your top priority when maintaining an inherited home. Address any immediate safety concerns before focusing on cosmetic repairs.
• Electrical and Plumbing: Ensure that the electrical wiring and plumbing systems are up to code. Faulty wiring and leaks can pose serious risks to the property.
• Structural Repairs: If there are any structural issues, such as foundation cracks or roof damage, these should be addressed immediately.
• Pest Control: Check for signs of pests, such as termites or rodents, and take steps to eliminate them to prevent further damage.
Handle Deferred Maintenance
Next, take care of any deferred maintenance. This might include tasks such as painting, replacing worn-out flooring, or updating outdated systems like heating and cooling.
Regular Maintenance Tasks
Lawn and Landscaping
Regular lawn care and landscaping are essential for maintaining the property’s curb appeal. If you don’t live nearby, consider hiring a local landscaping service to handle tasks such as mowing, trimming, and seasonal planting.
HVAC System
The heating, ventilation, and air conditioning (HVAC) system should be serviced regularly to ensure it operates efficiently. Schedule annual inspections and cleanings to prolong the system’s lifespan.
Roof and Gutters
The roof and gutters should be inspected and cleaned regularly. Remove debris from gutters to prevent water damage and check the roof for any missing shingles or signs of wear.
Exterior Maintenance
Regularly inspect the exterior of the home, including siding, windows, and doors. Repaint or reseal areas that are showing signs of wear, and repair any damage to keep the home protected from the elements.
Seasonal Maintenance
Spring and Summer
• Inspect the Exterior: Spring is a good time to inspect the exterior for any winter damage. Look for cracked paint, damaged siding, and issues with the roof or foundation.
• Clean the Gutters: Clean gutters and downspouts to ensure proper drainage and prevent water damage.
• Service the HVAC System: Before the summer heat, have the HVAC system serviced to ensure it’s working efficiently.
Fall and Winter
• Prepare for Cold Weather: Winterize the home by sealing windows and doors, insulating pipes, and checking the heating system.
• Clear Leaves and Debris: In the fall, clear leaves and debris from the yard and gutters to prevent clogs and damage.
• Check the Roof: Inspect the roof for any damage before the winter months and make necessary repairs.
Managing Maintenance from a Distance
Hire Local Professionals
If you live far from the inherited property, managing maintenance tasks can be challenging. Consider hiring local professionals to handle regular upkeep and emergency repairs.
• Property Management Companies: A property management company can oversee all aspects of maintenance, from routine inspections to emergency repairs. They can also handle tenant relations if you decide to rent out the property.
• Local Handyman Services: For smaller tasks, hiring a reliable local handyman can be a cost-effective way to manage maintenance.
Use Technology
Leverage technology to stay informed about the property’s condition. Smart home devices, such as security cameras, thermostats, and leak detectors, can provide real-time updates and help you manage the property remotely.
Budgeting for Maintenance
Create a Maintenance Budget
Maintaining an inherited home can be costly, so it’s important to create a budget for ongoing expenses. Include both regular maintenance tasks and potential emergency repairs in your budget.
Set Aside an Emergency Fund
Unexpected repairs can arise at any time. Set aside an emergency fund to cover these costs and avoid financial strain.
How Johan Graham and Bid Fast and Last Can Help
At Bid Fast and Last, we understand the challenges of maintaining an inherited home. Johan Graham and our team of experts are here to assist you with every step of the process.
Why Choose Us?
• Expert Knowledge: With extensive experience in property maintenance and management, we provide accurate advice and professional services tailored to your needs.
• Trusted Professionals: Our team is dedicated to helping you preserve the value of your inherited property.
Contact us here to learn more about how Johan Graham and Bid Fast and Last can assist you with maintaining and managing your inherited home. Let us help you ensure your property remains in excellent condition and retains its value.