Wednesday, September 25, 2019

Why Hiring Appliances Instead of Buying is the Best Choice for Your Rental Property

When you’re setting up your rental property, there are many different factors to consider. What colours will be neutral but approachable, what design will be best for your potential renters, and what should you do about appliances?
Many property owners assume that purchasing appliances is the best investment for their rental property, but that’s just not true. Most of the time, hiring an appliance is a better way to complete your property, make your tenants happy, and protect your finances.

How are they installed?

When you purchase appliances from a store, you are often responsible for bringing them to your rental unit. You may need to either install them on your own, hire a third party to come and handle the installation, or even pay a high fee to have the store install them. A hiring company handles all these details for you. You choose the models you want, and the company delivers and installs them to your specifications.

What happens if it breaks?

Most appliances experience daily use, and sooner or later, they’ll require maintenance. If your tenant’s fridge or oven stops working, they’ll expect it to be fixed quickly. If you have purchased the appliance, you’ll have to interrupt your day to do repairs or get someone in for it. Appliance repairs can be complicated and expensive; if you’re working with gas, you often can’t legally do the repairs on your own.
If you’ve hired your appliances, however, you just call your hiring company. They’ll be in to repair or replace the appliance quickly. If the appliance is broken, they can take it away and provide a new one without you needing to pay for something brand new – after all, it’s included in your hiring fee.

How much does it cost?

The fees for hiring appliances vary, of course, depending on what appliances you need and how quickly. But regardless of the fees, hiring your appliances generally saves property owners money particularly because it offsets the need for a large upfront investment. You don’t need to make expensive purchases to get your rental ready to show, and you don’t have to worry about upgrades and repairs whenever something goes wrong. Hiring your appliances can save you a lot of money over time, especially if you have several different units.
If you’re renting property, hiring appliances is a better, more efficient, less expensive choice for managing your rental units. Ready to hear more? Get in touch with us today.