Turning Abandoned Properties into Opportunities

by / Friday, 01 April 2022 /
Post Image Properties may become vacant for a variety of reasons. A property that is for rent or sale can be vacant for a short time, and a vacation home might be vacant for most of the year.

If these properties are well maintained by the owners, they will not become eyesores or reduce its property value.

Many houses become a problem when the owner abandons the basic responsibilities of ownership, such as routine maintenance including leaving the house in a bad state. Negligence in paying service charges also affect services that would otherwise be available to ensure grounds are tidy and clean.

Your vacant and abandoned properties have negative effects that impact neighboring properties and the entire community. It will reduce property values, increase risk and hazards to public health and safety. It attracts unwanted occupants such as snakes, mosquitoes and rats which can infest the neighbourhood.

Be a responsible owner. Keep your unoccupied property in Lippo Village in good condition and order. This is a must. It’s for your own benefit!

Even if empty, your property can still be turned into an attractive investment. How?

Turn your vacant house into a rental home. It will be a good source for recurring income. If you still hold a mortgage on the property, renting your house will help you cover the payments and other expenses for upkeep. If you can afford to hold on to your property and rent it out, this will surely help fund your retirement years with a steady income. Doesn’t that make good investment sense?

Do an upgrade.
• Make the house livable by decluttering and removing items you do not need.
• Clean the entire house and surrounding areas within your property.
• Check/ replace/ fix anything that is broken.
• Power wash exteriors, put a fresh layer of paint on the exterior and interior walls.
• Check that all appliances are working.

If you still don’t want to rent or sell your property, maintain it for future investment opportunities.

Every owner of an unoccupied house in Lippo Village must take these measures:
• Cut and weed out grass and trim the trees around the lot.
• Clean the house regularly, both inside and outside.
• Close all the windows and doors of the house to prevent uninvited guests, pests and unauthorized entry.
• Have an automatic sensor of LED lightings in some areas, so the house and its surrounding will not be dark at night and the security patrols can also immediately see there is anything unusual or suspicious.

If your abandoned property is turned into a nuisance to the neighbourhood, affecting public health and safety, TMD will perform a total clean up where all the expenses borne will be charged to the owner monthly IPKL.TMD will send notification to the correspondence address before proceeding with the work. If there is no response with a specified period of time, TMD has the right to continue the work to be witnessed by TMD Environmental officers and/or security officers. All work will be photographed, recorded and sent to the owner together with the billing statement.

If you own a vacant or undeveloped property in Lippo Village, contact TMD at (021) 55 777 557 or send us an email TMD@lippokarawaci.co.id. Maximise your investment in Lippo Village. Seize the opportunity.

Need upgrading and property cleaning.
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