Ensure you never miss an issue of the
real estate business bulletin
TV shows blamed for dodgy DIY

TV shows blamed for dodgy DIY

by Staff Reporter 1 comments

Landlords have been urged to think twice before carrying out DIY maintenance on their property, as it may end up costing more in the long run.

According to Carolyn Parrella, executive manager of landlord insurer Terri Scheer, landlords often try to increase their rental income and the market value of a property by doing renovations or modifications themselves.

“With the rise in popularity of home renovation television shows, many landlords may be inspired to repair or modify their properties themselves,” Ms Parrella said.

“This may give the false impression that improvements to properties are achievable within tight timeframes and with limited building experience.”

Ms Parrella said that while it may seem cost effective for landlords to do the work themselves, a poor DIY job could mean more money spent to fix the repairs down the track.

“When considering renovating property, it’s always best to seek professional advice,” she said.

“It may also save you money in the long term if the project is completed to a quality standard.”

However, Ms Parrella reiterated that maintenance and repairs were important and delaying it could make tenants question their own commitment to the property and become more careless or consider vacating when the lease expires.

A quick DIY fix may also result in a costly legal liability claim for the landlord if injury or loss occurrs due to an unattended safety hazard, Ms Parrella said.

“By taking pride in your investment, showing concern for your tenants and responding promptly to maintenance issues, you can avoid this,” she said.

TV shows blamed for dodgy DIY
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?