Property Maintenance and Management

Whether you're a seller, a landlord, or you're curious about property upkeep, you're in the right place. Property maintenance may sound like a grown-up responsibility. But, it's actually a skill that can help you save money, and increase the value of your home. 

In this article, we'll break down the basics of property maintenance and management. Let's get started!

Why Property Maintenance matters

Property maintenance is important because it keeps properties in good shape. For landlords and sellers, it makes the property look attractive to buyers or renters. Plus, it helps save money in the long run. Because small fixes are cheaper than big repairs.

Regular upkeep is smart for homeowners too. It helps avoid costly problems and keeps your home safe and comfy.

So, whether you're selling, renting, or living in your place, taking care of it is a smart move!

Maintenance Fees

Maintenance Fees, also known as Common Area Maintenance (CAM) fees, are monthly fees of varying amounts depending on the project. In some cases though, these fees may be collected semi-annually while some projects may request them at least a year in advance. Maintenance fees account for general upkeep. This includes regular repair work of common areas and shared facilities. 

Maintenance fees also cover shared facilities such as swimming pools, gyms, gardens, or elevators.

In most cases, these fees range from 40 to 70 baht per square meter. Some larger projects with a more luxurious selection of facilities may ask for higher maintenance fees. This is due to larger upkeep expenses and repair work.

Sinking Fund

A sinking fund applies to new properties. Unlike maintenance fees, which get collected on a regular basis, sinking funds are only collected once every few years.

The sinking fund is for major repairs. this includes repairs like structural repairs or other large expenses that do not occur very often.

A sinking fund is calculated by price/square meter of the living area of the property. Sinking fund payment is due every few years should the need arise.

Basic Property Maintenance Work to Consider before Listing your Property

Clean up and Declutter

The first maintenance work you should consider before listing your property, for sale or rent, is to clean up and declutter. The tidiness and neatness of a property, from houses to condo units, can either make or break a buyer or tenant's decision. Inspect your property in detail as you clean up and declutter personal or unused items.

If you find issues or blemishes, make sure you repair them before taking photos for the listing.

Maintain Shared Facilities and Amenities

For condo projects or villas, maintaining your project's shared facilities is important. This includes cleaning up the swimming pool and gym. Communal bathrooms and fitness equipment should be cleaned. Swimming pool water has to be decontaminated.

For buyers who are looking for condos and villas in particular, shared facilities are another factor that can make or break their decision in addition to the overall property's tidiness.

Check the Electrical and Plumbing Systems

Electrical and plumbing systems are areas that need a lot of attention.

When your buyer or tenant moves in, the last thing they want is faulty electricity or plumbing. Weak water flow or dim lighting will cause complaints.

By performing electrical and plumbing inspections beforehand, you can cut concerns over defects and issues. Not only for yourself but also for your buyers and tenants.

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Bottom Line

It's not only about fixing. It's also about saving money, keeping your space safe, and making a great impression. So, remember, a little effort today can save you big headaches tomorrow. Whether you're a property pro or you're starting out, these tips will help you keep your space in tip-top shape. Thanks for reading, and here's to well-maintained, worry-free properties!

If you're looking to list your property for sale or rent, click the link below to list with us for free! Should you have any questions, our dedicated team will be happy to help you.

From condos to villas, click the links below to begin your next house hunt today!