As you embark upon the spring season, with clocks being changed, lighter evenings, and warmer temperatures (hopefully), make sure your property interest is good-to-go for the season-change as well.
With properties of course being real-life assets experiencing the weather elements and changes, they're also accommodating people and procedures which also tend to see changes this time of year as well.
Therefore, no matter what interest you have in the property, whether as an owner landlord with direct responsibilities, an occupier tenant with operational issues, or a third-party managing agent with budgets and services to shape-up, these following four factors to consider in this spring season of change are oh so important.
1. The Classic Spring Clean
You've heard it before in the cleaning world, and that’s the good ol' spring clean. Well of course this will always need to involve a physical area, and therefore do check to see whether it's required at your property.
Often the bog-standard cleaning only deals with the basic week-by-week cleaning needs, and after a winter period of often muddy-boots and winter extremes then the property can need that extra-mile clean to get looking great.
And also being nice and hygienic as well, as often cobwebs and all kinds of pets and mess can accumulate over the winter.
2. The Financial Year Ends
The tax year is of course at the start of April, plus one of the classic quarterly rent-payment dates for commercial properties is at the end of March on the 25th. In addition you often see service charge years coming to an end on the 24th or 31st March, plus any individual financial accounting years for people's own businesses and interests.
Therefore take this into account, making sure you have a handle on how the forthcoming year needs to be budgeted for as well as the last year correctly accounted for.
3. The Outside Areas
Of course the outside areas will get all the attention over the next six months, particularly for gardens and landscaped areas. Therefore getting this all planned for is critical, along with making sure you have the resources to prepare for this.
Also watch out for cost implications of this, as sometimes an annual contract can work out to equal monthly payments throughout the year, and so for the next six months you'll actually be seeing a lot more action than what you're literally paying for.
4. The Interested People
On the letting and sales side of things, spring is an important time to see more interest and deals. Every good property manager needs to be aware of this, whether they're directly involved with this or they're working alongside a separate agent.
Therefore planning is key - making sure the property is looking good, any requested documentation is ready good-to-go, and you have the resources to deal with the increased size visits, enquiries and new occupants or owners.
Putting the Spring Back in Your Property's Steps
As you hit the spring season, these above factors are ones to consider in your management of property interests. Whether it's the actual property condition or the monies and people behind the scenes, these are important ones to consider.
And in addition to resolving these in isolation, double-check how they interrelate to each other to have an effect on the overall property-strategy.
Then sit back and enjoy the forthcoming spring and then summer season.
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