Owning or managing a real estate property comes with many responsibilities. You must insure the property, maintain and make necessary improvements, and find trustworthy tenants. You also have to deal with a few security concerns even if your property is located in a low-crime area. This is a top concern for most renters and homeowners. Below are four tips to consider if you want to protect or improve the security of your real estate assets.
Conduct a security assessment
A lot has changed in the last few years. Whether you have a new real estate property or not doesn’t matter. You can never go wrong assessing the security of the property before making any improvements. A comprehensive security assessment may reveal weak and blind spots in your property and the necessary recommendations to resolve any present or potential trouble. You want to ensure that every access area is covered and secured. You may also update the outside doors, use door jamb guards and hinge plates, and make any other improvements that could make your property feel safer.
Improve the lighting
Adequate lighting is another critical aspect of building security. It would be best to brighten areas with poor lighting within and outside your structure to minimize accidents and the possibility of suspicious behavior. You may also install motion-sensing lights in outdoor areas to give an extra layer of protection. Good illumination can deter criminals while also allowing your surveillance cameras to catch everything in view. Replace burned-out light bulbs as early as possible and replace your fixtures or bulbs if they are too dim.
Improve the landscape
The more plants grow out of control on your property, the more risk you are exposed to. So you can employ landscape design to safeguard your property against environmental hazards such as soil erosion, rainfall, and falling boulders. For instance, you can use retaining walls to protect your property on steep terrain. Also, keeping the bushes clipped can make it more difficult for thieves and criminals to access your property. You can do a few more things to your landscape to boost your property security. However, it would be best if you spoke to landscape architects to know the best ways to design your landscape with security in mind.
Hire a property manager
Since you are responsible for maintaining a rental property, you should monitor how it is used. But if you probably have enough on your plate, you may have little time to manage your property. As a result, it makes sense to engage a property manager to handle that task. They will keep track of everything and communicate any issues with you. This way, you can enjoy peace of mind and guarantee that your tenants’ or potential buyers’ demands are met. This may come at a few, and you should consider your budget while choosing one. However, ensure they are experienced and qualified.
The above are a few tips to remember if you want to protect your real estate investment and stay clear of any potential liabilities.
(Disclaimer: This content is a partnered post. This material is provided as news and general information. It should not be construed as an endorsement of any investment service. The opinions expressed are the personal views and experience of the author, and no recommendation is made.)
