TO BOND CLEAN OR NOT TO BOND CLEAN​….That Is the Question

The egg on face report

To Bond Clean Or Not To Bond Clean

The most common question I am asked by landlords is, “What do I need to do to prepare my property for rent?”

This article is part of a series outlining the most important facets of preparing your investment property.

The 9 most important steps are:

  1. Arrange A Bond Clean by A Professional
  2. Water Compliance
  3. Smoke Alarm Compliance
  4. Pool Safety Compliance
  5. General Maintenance And Repairs
  6. Gardening – Clean Up And Tidy Up
  7. Landlord Insurance
  8. Carpet Cleaning And Pest Control
  9. Have Photos Taken

In this issue we cover: Step 1

To Bond Clean Or Not To Bond Clean…. That Is The Question

RTA Director of Policy & Stakeholder Engagement Meghan Hibbert said tenants are required to return rental properties to owners in the same condition as when they move in, less fair wear and tear.

That is why it is very important to get a professional bond clean. The invoice is then proof that it was done to a professional standard and can be used as evidence together with the entry condition report and photos. If the property is presented at the start in spotless condition then there can be no excuses, not to return it at vacate, in the same spotless condition.

When scuff marks, or window tracks are pointed out at vacate, tenants are known to say “Oh it was like that when we moved in”.  If the property has been professionally cleaned and recorded on the entry report then, no, it was not like that when you moved in, and therefore needs to be rectified. This way, it can be presented to the next tenant in perfect condition.

I have had the unfortunate experience of discovering that bond cleaners were not all created equally. We only have 3 professional bond cleaners on our preferred suppliers list, and there is a good reason for this.

There are many companies advertising online that they provide professional bond cleans, but I have had to deal with these shady operators after they cleaned and the property is not up to the standard we expect. By law we are not allowed to request a tenant to use a particular company to clean the property, but I advise them to choose from our preferred cleaners in order to save them time, money and frustration.

Our aim is to assist our tenants to receive a 100% Bond refund and using a professional bond cleaner recommended by us, will go a long way to achieve this.

Therefore, “to bond clean or not to bond clean” is a no brainer. Get it done.

How much is your home worth today?

HOW MUCH INCREASE?

I’ve had some buyers tell me …”Yeah I know, the market has gone up a hundred grand.” Others say it’s up at least 10%. One thing is for sure, the lagging indicators of sale prices that find their way to the surface two or three months after settlement are not reflecting the current hype in the market. The official national figure for 2021 year-on-year dwellings growth is 5.9%.

WHAT DO WE DO?

Over the long-term real estate always seems to go up in value. So why sell now? Maybe you shouldn’t. Maybe holding on to solid assets that are rising in value is a good plan.

One of the benefits of an improved market is that it takes up the slack from previous problems. There were a lot of people that bought properties at the very peak of the market just before the GFC hit. Many of them were still sitting on assets two years ago that were worth less than they paid eleven years earlier.

Maybe this boom will allow them the liquidity to sell and move on.

Another old maxim is, “Buy in the gloom, sell in the boom”

Where are you in the financial cycle of your life? Are you feeling young and still accumulating all you can get your hands on, or is it time to take the win and set up for some golden years?

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